DocuSign, Inc. (NASDAQ:DOCU) Shares Purchased by MUFG Securities EMEA plc

MUFG Securities EMEA plc raised its holdings in DocuSign, Inc. (NASDAQ:DOCUFree Report) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,456 shares of the company’s stock after acquiring an additional 950 shares during the quarter. MUFG Securities EMEA plc’s holdings in DocuSign were worth $622,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in DOCU. Capital Analysts LLC increased its holdings in shares of DocuSign by 781.7% in the 4th 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. McGlone Suttner Wealth Management Inc. acquired a new position in DocuSign during the fourth quarter worth about $32,000. Whittier Trust Co. grew its position in DocuSign by 28.8% during 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 period. Desjardins Global Asset Management Inc. grew its position in DocuSign by 60.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 966 shares of the company’s stock worth $57,000 after buying an additional 364 shares during the period. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of DocuSign during the 4th quarter worth approximately $83,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DOCU shares. Wells Fargo & Company dropped their price objective on DocuSign from $55.00 to $45.00 and set an “underweight” rating for the company in a research note on Monday, February 5th. UBS Group raised DocuSign from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $48.00 to $62.00 in a research note on Friday, April 12th. JMP Securities reiterated a “market outperform” rating and issued a $84.00 price objective on shares of DocuSign in a research report on Friday, April 12th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a report on Friday, April 12th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $59.00 price target on shares of DocuSign 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.25.

Check Out Our Latest Report on DOCU

DocuSign Stock Down 0.7 %

Shares of DOCU traded down $0.39 on Friday, hitting $56.93. 1,457,963 shares of the stock traded hands, compared to its average volume of 1,266,143. DocuSign, Inc. has a 1 year low of $38.11 and a 1 year high of $64.76. The stock’s 50 day moving average is $58.48 and its two-hundred day moving average is $55.29. The firm has a market capitalization of $11.69 billion, a P/E ratio of 158.14, a P/E/G ratio of 4.92 and a beta of 0.88.

DocuSign (NASDAQ:DOCUGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. The company had revenue of $712.39 million during the quarter, compared to the consensus estimate of $698.05 million. Research analysts forecast that DocuSign, Inc. will post 0.87 EPS for the current year.

Insider Buying and Selling

In other DocuSign news, Director Peter Solvik sold 15,000 shares of DocuSign stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $60.00, for a total value of $900,000.00. Following the completion of the sale, the director now owns 783 shares in the company, valued at approximately $46,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Allan C. Thygesen sold 7,765 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $53.31, for a total transaction of $413,952.15. Following the completion of the sale, the chief executive officer now directly owns 104,002 shares in the company, valued at approximately $5,544,346.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Peter Solvik sold 15,000 shares of DocuSign 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 completion of the transaction, the director now owns 783 shares in the company, valued at approximately $46,980. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,277 shares of company stock worth $3,159,756. 1.66% of the stock is owned by company insiders.

DocuSign Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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