Hsbc Holdings PLC Grows Position in DocuSign, Inc. (NASDAQ:DOCU)

Hsbc Holdings PLC boosted its holdings in DocuSign, Inc. (NASDAQ:DOCUFree Report) by 98.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 212,217 shares of the company’s stock after buying an additional 105,455 shares during the quarter. Hsbc Holdings PLC owned 0.10% of DocuSign worth $12,616,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Analysts LLC lifted its position in DocuSign by 781.7% during the fourth quarter. Capital Analysts LLC now owns 529 shares of the company’s stock valued at $31,000 after purchasing an additional 469 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new stake in DocuSign during the fourth quarter valued at $32,000. Whittier Trust Co. boosted its position in DocuSign by 28.8% in 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 last quarter. Desjardins Global Asset Management Inc. boosted its holdings in shares of DocuSign by 60.5% in 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 last quarter. Finally, Tennessee Valley Asset Management Partners bought a new stake in DocuSign during the fourth quarter valued at approximately $83,000. Institutional investors own 77.64% of the company’s stock.

Insider Buying and Selling

In other DocuSign news, CEO Allan C. Thygesen sold 8,086 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $56.16, for a total transaction of $454,109.76. Following the completion of the transaction, the chief executive officer now owns 99,546 shares in the company, valued at $5,590,503.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Blake Jeffrey Grayson sold 7,018 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $57.03, for a total transaction of $400,236.54. Following the sale, the chief financial officer now owns 21,051 shares in the company, valued at approximately $1,200,538.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Allan C. Thygesen sold 8,086 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $56.16, for a total value of $454,109.76. Following the completion of the sale, the chief executive officer now owns 99,546 shares of the company’s stock, valued at $5,590,503.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,512 shares of company stock worth $2,746,767. Insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DOCU shares. UBS Group upgraded DocuSign from a “sell” rating to a “neutral” rating and lifted their target price for the company 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. Wells Fargo & Company reduced their target price on shares of DocuSign from $55.00 to $45.00 and set an “underweight” rating for the company in a report on Monday, February 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $59.00 price target on shares of DocuSign in a report on Friday, April 12th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $84.00 price target on shares of DocuSign in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, DocuSign has an average rating of “Hold” and a consensus target price of $60.25.

Get Our Latest Research Report on DOCU

DocuSign Stock Up 0.1 %

DOCU opened at $54.74 on Friday. The company has a market capitalization of $11.24 billion, a PE ratio of 152.06, a price-to-earnings-growth ratio of 4.73 and a beta of 0.88. The firm has a 50-day simple moving average of $58.28 and a two-hundred day simple moving average of $55.82. DocuSign, Inc. has a 52 week low of $38.11 and a 52 week high of $64.76.

DocuSign (NASDAQ:DOCUGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $712.39 million for 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%. As a group, sell-side analysts expect that DocuSign, Inc. will post 0.87 earnings per share for the current year.

About DocuSign

(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.

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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