DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP grew its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 11.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,762 shares of the company’s stock after purchasing an additional 2,081 shares during the period. Lyell Wealth Management LP’s holdings in DocuSign were worth $1,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOCU. Dakota Wealth Management boosted its position in DocuSign by 0.8% during the second quarter. Dakota Wealth Management now owns 23,022 shares of the company’s stock worth $1,232,000 after acquiring an additional 181 shares during the last quarter. New York State Teachers Retirement System lifted its stake in DocuSign by 1.0% in the 1st quarter. New York State Teachers Retirement System now owns 18,469 shares of the company’s stock worth $1,100,000 after purchasing an additional 187 shares in the last quarter. Motley Fool Asset Management LLC boosted its holdings in shares of DocuSign by 6.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 3,960 shares of the company’s stock worth $236,000 after purchasing an additional 224 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of DocuSign by 0.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,899 shares of the company’s stock valued at $4,617,000 after purchasing an additional 239 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in shares of DocuSign by 2.2% in the first quarter. SeaCrest Wealth Management LLC now owns 11,327 shares of the company’s stock valued at $675,000 after purchasing an additional 240 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DocuSign

In related news, CEO Allan C. Thygesen sold 7,911 shares of DocuSign stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $53.77, for a total value of $425,374.47. Following the completion of the transaction, the chief executive officer now owns 117,643 shares in the company, valued at $6,325,664.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Allan C. Thygesen sold 7,725 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $54.89, for a total transaction of $424,025.25. Following the completion of the transaction, the chief executive officer now directly owns 109,918 shares of the company’s stock, valued at $6,033,399.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Allan C. Thygesen sold 7,911 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $53.77, for a total transaction of $425,374.47. Following the sale, the chief executive officer now owns 117,643 shares in the company, valued at $6,325,664.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 480,618 shares of company stock valued at $25,432,336. 1.66% of the stock is currently owned by corporate insiders.

DocuSign Stock Performance

NASDAQ:DOCU opened at $56.63 on Friday. DocuSign, Inc. has a fifty-two week low of $38.11 and a fifty-two week high of $64.76. The company has a 50 day moving average price of $55.57 and a 200 day moving average price of $56.07. The stock has a market capitalization of $11.59 billion, a P/E ratio of 108.90, a PEG ratio of 5.99 and a beta of 0.93.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.80 by $0.17. The business had revenue of $736.03 million during the quarter, compared to analyst estimates of $727.20 million. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.09 earnings per share. Research analysts forecast that DocuSign, Inc. will post 0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DOCU has been the topic of a number of recent research reports. JMP Securities reissued a “market outperform” rating and set a $84.00 price objective on shares of DocuSign in a research note on Thursday, September 5th. Piper Sandler lowered their price target on shares of DocuSign from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Robert W. Baird raised their price objective on shares of DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research note on Friday, September 6th. Finally, Bank of America increased their price target on shares of DocuSign from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.45.

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.