Motley Fool Asset Management LLC Acquires Shares of 3,736 DocuSign, Inc. (NASDAQ:DOCU)

Motley Fool Asset Management LLC acquired a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,736 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Capital Analysts LLC grew its holdings in shares of DocuSign by 781.7% in the fourth quarter. Capital Analysts LLC now owns 529 shares of the company’s stock valued at $31,000 after purchasing an additional 469 shares in the last quarter. BluePath Capital Management LLC bought a new stake in DocuSign in the third quarter worth $32,000. McGlone Suttner Wealth Management Inc. bought a new stake in DocuSign in the fourth quarter worth $32,000. Performa Ltd US LLC lifted its position in DocuSign by 50.0% in the third quarter. Performa Ltd US LLC now owns 825 shares of the company’s stock worth $35,000 after buying an additional 275 shares during the last quarter. Finally, Whittier Trust Co. lifted its position in DocuSign by 28.8% in the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock worth $56,000 after buying an additional 209 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DOCU has been the subject of a number of analyst reports. Morgan Stanley upgraded DocuSign from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $49.00 to $64.00 in a research report on Tuesday, January 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $59.00 price target on shares of DocuSign in a research report on Friday, April 12th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research report on Friday, April 12th. Wells Fargo & Company cut their price target on shares of DocuSign from $55.00 to $45.00 and set an “underweight” rating on the stock in a report on Monday, February 5th. Finally, UBS Group upgraded shares of DocuSign from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $48.00 to $62.00 in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.25.

Insider Buying and Selling at DocuSign

In other DocuSign news, CEO Allan C. Thygesen sold 7,680 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $61.27, for a total transaction of $470,553.60. Following the transaction, the chief executive officer now owns 111,767 shares in the company, valued at approximately $6,847,964.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Peter Solvik sold 15,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $60.00, for a total value of $900,000.00. Following the sale, the director now owns 783 shares in the company, valued at $46,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Allan C. Thygesen sold 7,680 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $61.27, for a total transaction of $470,553.60. Following the completion of the sale, the chief executive officer now owns 111,767 shares in the company, valued at approximately $6,847,964.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,871 shares of company stock worth $3,176,199. 17.80% of the stock is owned by corporate insiders.

DocuSign Trading Down 0.3 %

Shares of DocuSign stock opened at $57.20 on Friday. DocuSign, Inc. has a 12-month low of $38.11 and a 12-month high of $64.76. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of 158.89, a PEG ratio of 4.96 and a beta of 0.89. The firm’s 50 day simple moving average is $56.49 and its two-hundred day simple moving average is $52.65.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. DocuSign had a net margin of 2.68% and a return on equity of 13.91%. The business had revenue of $712.39 million for the quarter, compared to analyst estimates of $698.05 million. On average, sell-side analysts predict that DocuSign, Inc. will post 0.87 EPS for the current fiscal year.

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.