Rockefeller Capital Management L.P. Has $28.80 Million Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Rockefeller Capital Management L.P. decreased its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 463,788 shares of the company’s stock after selling 2,429 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in DocuSign were worth $28,797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Massmutual Trust Co. FSB ADV grew its holdings in DocuSign by 5,000.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the period. Mather Group LLC. boosted its position in shares of DocuSign by 4,338.5% in the 2nd quarter. Mather Group LLC. now owns 577 shares of the company’s stock worth $31,000 after purchasing an additional 564 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of DocuSign during the third quarter worth $33,000. Reston Wealth Management LLC bought a new stake in DocuSign in the third quarter valued at about $47,000. Finally, nVerses Capital LLC acquired a new position in DocuSign in the second quarter valued at about $48,000. 77.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Robert Chatwani sold 14,799 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $55.46, for a total transaction of $820,752.54. Following the transaction, the insider now directly owns 70,748 shares in the company, valued at approximately $3,923,684.08. The trade was a 17.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Allan C. Thygesen sold 7,725 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.09, for a total transaction of $456,470.25. Following the completion of the sale, the chief executive officer now owns 102,193 shares of the company’s stock, valued at approximately $6,038,584.37. This represents a 7.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,558 shares of company stock valued at $4,272,768 in the last three months. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Bank of America boosted their target price on DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. JMP Securities upped their target price on shares of DocuSign from $84.00 to $108.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research report on Friday, September 6th. Robert W. Baird upped their price objective on shares of DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, Citigroup lifted their target price on DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $65.80.

DocuSign Stock Performance

NASDAQ:DOCU opened at $79.69 on Friday. The stock has a 50-day simple moving average of $71.99 and a 200 day simple moving average of $61.08. DocuSign, Inc. has a 52-week low of $42.76 and a 52-week high of $86.75. The company has a market cap of $16.17 billion, a PE ratio of 16.81, a PEG ratio of 8.32 and a beta of 0.90.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.17. The company had revenue of $736.03 million during the quarter, compared to analysts’ expectations of $727.20 million. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business earned $0.09 EPS. On average, research analysts predict that DocuSign, Inc. will post 1.03 earnings per share for the current fiscal year.

About DocuSign

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.