Greenwich Wealth Management LLC Acquires 184 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Greenwich Wealth Management LLC raised its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,894 shares of the company’s stock after purchasing an additional 184 shares during the quarter. DocuSign accounts for approximately 0.6% of Greenwich Wealth Management LLC’s holdings, making the stock its 25th biggest position. Greenwich Wealth Management LLC’s holdings in DocuSign were worth $8,445,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of DocuSign during the 4th quarter worth approximately $300,000. Natixis Advisors LLC grew its position in DocuSign by 81.1% in the 4th quarter. Natixis Advisors LLC now owns 25,457 shares of the company’s stock valued at $2,290,000 after acquiring an additional 11,399 shares during the last quarter. Frank Rimerman Advisors LLC bought a new position in DocuSign in the 4th quarter valued at $285,000. Picton Mahoney Asset Management grew its position in DocuSign by 13.0% in the 4th quarter. Picton Mahoney Asset Management now owns 7,223 shares of the company’s stock valued at $650,000 after acquiring an additional 829 shares during the last quarter. Finally, Sienna Gestion bought a new position in DocuSign in the 4th quarter valued at $6,244,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

DocuSign Stock Performance

DocuSign stock opened at $85.76 on Friday. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86. The stock has a fifty day moving average of $87.97 and a two-hundred day moving average of $79.37. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 6.94 and a beta of 1.02.

DocuSign (NASDAQ:DOCU) last issued its earnings results on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $776.25 million for the quarter, compared to analysts’ expectations of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. On average, analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

Insider Transactions at DocuSign

In other news, CFO Blake Jeffrey Grayson sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $94.77, for a total transaction of $758,160.00. Following the completion of the transaction, the chief financial officer now directly owns 101,439 shares of the company’s stock, valued at approximately $9,613,374.03. This represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Teresa Briggs sold 534 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $94.60, for a total value of $50,516.40. Following the transaction, the director now owns 7,736 shares of the company’s stock, valued at approximately $731,825.60. This represents a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,422 shares of company stock valued at $9,665,394. 1.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DOCU shares. HSBC reissued a “reduce” rating on shares of DocuSign in a research report on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $90.00 price target on shares of DocuSign in a research note on Friday. Hsbc Global Res raised DocuSign to a “moderate sell” rating in a report on Friday, December 6th. Robert W. Baird increased their price objective on DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. raised DocuSign from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $70.00 to $75.00 in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $95.58.

DocuSign 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.