DocuSign, Inc. (NASDAQ:DOCU) Shares Bought by Ceera Investments LLC

Ceera Investments LLC raised its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 7.3% during the third quarter, HoldingsChannel reports. The firm owned 83,833 shares of the company’s stock after buying an additional 5,678 shares during the period. DocuSign comprises about 2.0% of Ceera Investments LLC’s investment portfolio, making the stock its 15th biggest holding. Ceera Investments LLC’s holdings in DocuSign were worth $5,205,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its holdings in shares of DocuSign by 5,000.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of DocuSign by 4,338.5% in the second quarter. Mather Group LLC. now owns 577 shares of the company’s stock valued at $31,000 after acquiring an additional 564 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of DocuSign in the third quarter valued at about $47,000. nVerses Capital LLC purchased a new stake in shares of DocuSign in the second quarter valued at about $48,000. Finally, Quarry LP purchased a new stake in shares of DocuSign in the second quarter valued at about $53,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

DocuSign Price Performance

Shares of NASDAQ DOCU opened at $79.11 on Friday. DocuSign, Inc. has a 12-month low of $42.12 and a 12-month high of $83.68. The company has a market capitalization of $16.06 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 8.37 and a beta of 0.90. The firm’s 50-day moving average is $67.05 and its two-hundred day moving average is $59.50.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.17. The company had revenue of $736.03 million for the quarter, compared to the consensus estimate of $727.20 million. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. On average, analysts forecast that DocuSign, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Friday, September 6th. Bank of America upped their target price on shares of DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Wells Fargo & Company upped their target price on shares of DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. JMP Securities restated a “market outperform” rating and set a $84.00 target price on shares of DocuSign in a research report on Thursday, September 5th. Finally, Royal Bank of Canada upped their target price on shares of DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a research 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.40.

Insider Activity at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 14,036 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $55.47, for a total transaction of $778,576.92. Following the transaction, the chief financial officer now owns 87,611 shares of the company’s stock, valued at $4,859,782.17. This trade represents a 13.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Allan C. Thygesen sold 7,725 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $59.09, for a total transaction of $456,470.25. Following the transaction, the chief executive officer now directly owns 102,193 shares in the company, 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. Over the last 90 days, insiders have sold 69,558 shares of company stock valued at $4,272,768. Company insiders own 1.66% of the company’s stock.

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.