Tokio Marine Asset Management Co. Ltd. Has $415,000 Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Tokio Marine Asset Management Co. Ltd. raised its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,975 shares of the company’s stock after buying an additional 184 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in DocuSign were worth $415,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DOCU. Capital Analysts LLC lifted its stake in DocuSign by 781.7% in the fourth quarter. Capital Analysts LLC now owns 529 shares of the company’s stock valued at $31,000 after buying an additional 469 shares during the period. BluePath Capital Management LLC acquired a new position in shares of DocuSign during the third quarter worth approximately $32,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of DocuSign during the fourth quarter worth approximately $32,000. Performa Ltd US LLC raised its position in shares of DocuSign by 50.0% during the third quarter. Performa Ltd US LLC now owns 825 shares of the company’s stock worth $35,000 after purchasing an additional 275 shares during the period. Finally, Whittier Trust Co. raised its position in shares of DocuSign by 28.8% during the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock worth $56,000 after purchasing an additional 209 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

DocuSign Price Performance

Shares of NASDAQ:DOCU opened at $57.20 on Monday. The company has a market capitalization of $11.75 billion, a PE ratio of 158.89, a price-to-earnings-growth ratio of 4.94 and a beta of 0.89. The business has a fifty day moving average price of $56.49 and a two-hundred day moving average price of $52.80. DocuSign, Inc. has a 1 year low of $38.11 and a 1 year high of $64.76.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $712.39 million during the quarter, compared to the consensus estimate of $698.05 million. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. Sell-side analysts anticipate that DocuSign, Inc. will post 0.87 earnings per share for the current year.

Analysts Set New Price Targets

DOCU has been the topic of a number of research reports. Wells Fargo & Company lowered their target price on DocuSign from $55.00 to $45.00 and set an “underweight” rating on the stock in a research report on Monday, February 5th. Morgan Stanley raised DocuSign from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $49.00 to $64.00 in a research report on Tuesday, January 16th. UBS Group raised DocuSign from a “sell” rating to a “neutral” rating and upped their target price for the stock from $48.00 to $62.00 in a research report on Friday, April 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research report on Friday, April 12th. Finally, JMP Securities reiterated a “market outperform” rating and set a $84.00 price target on shares of DocuSign in a report on Friday, April 12th. Two 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $60.25.

Insider Buying and Selling at DocuSign

In other DocuSign news, CEO Allan C. Thygesen sold 7,680 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $61.27, for a total value of $470,553.60. Following the completion of the transaction, the chief executive officer now owns 111,767 shares in the company, valued at approximately $6,847,964.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Allan C. Thygesen sold 7,680 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $61.27, for a total transaction of $470,553.60. Following the completion of the transaction, the chief executive officer now owns 111,767 shares in the company, valued at approximately $6,847,964.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter Solvik sold 15,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $60.00, for a total value of $900,000.00. Following the transaction, the director now owns 783 shares of the company’s stock, valued at approximately $46,980. The disclosure for this sale can be found here. Insiders sold 54,871 shares of company stock worth $3,176,199 in the last quarter. 17.80% of the stock is currently owned by company insiders.

DocuSign Company 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.