DocuSign, Inc. (NASDAQ:DOCU) Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 34.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 557 shares of the company’s stock after purchasing an additional 143 shares during the period. TD Waterhouse Canada Inc.’s holdings in DocuSign were worth $50,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in shares of DocuSign in the 4th quarter worth approximately $30,000. First Horizon Advisors Inc. boosted its holdings in shares of DocuSign by 102.6% in the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock worth $36,000 after buying an additional 201 shares during the period. Modus Advisors LLC acquired a new position in shares of DocuSign in the fourth quarter worth about $36,000. Bessemer Group Inc. boosted its holdings in shares of DocuSign by 490.0% in the fourth quarter. Bessemer Group Inc. now owns 472 shares of the company’s stock worth $42,000 after buying an additional 392 shares during the period. Finally, Avion Wealth boosted its holdings in shares of DocuSign by 309.2% in the fourth quarter. Avion Wealth now owns 487 shares of the company’s stock worth $43,000 after buying an additional 368 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

DocuSign Price Performance

NASDAQ DOCU opened at $82.03 on Tuesday. The firm has a market capitalization of $16.61 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 6.94 and a beta of 1.20. The company’s fifty day moving average is $80.25 and its two-hundred day moving average is $83.87. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm had revenue of $776.25 million during the quarter, compared to analyst estimates of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. As a group, sell-side analysts expect that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

DOCU has been the subject of several recent analyst reports. Bank of America decreased their target price on shares of DocuSign from $112.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 14th. William Blair restated an “outperform” rating on shares of DocuSign in a report on Monday, April 21st. HSBC upgraded shares of DocuSign from a “reduce” rating to a “hold” rating and set a $70.00 price target on the stock in a research note on Friday, April 11th. Wedbush restated a “neutral” rating and set a $100.00 price target on shares of DocuSign in a research note on Friday, March 14th. Finally, Jefferies Financial Group dropped their price target on shares of DocuSign from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $92.46.

Insiders Place Their Bets

In other news, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the transaction, the chief financial officer now owns 77,851 shares in the company, valued at approximately $6,765,251.90. The trade was a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.41, for a total transaction of $46,676.94. Following the completion of the transaction, the director now owns 8,270 shares of the company’s stock, valued at $722,880.70. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,851 shares of company stock worth $4,607,439 over the last quarter. Company insiders own 1.66% of the company’s stock.

DocuSign Company Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.