Dorsey & Whitney Trust CO LLC Buys Shares of 3,429 DocuSign, Inc. (NASDAQ:DOCU)

Dorsey & Whitney Trust CO LLC bought a new position in shares of DocuSign, Inc. (NASDAQ:DOCUFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,429 shares of the company’s stock, valued at approximately $204,000.

Other large investors have also recently made changes to their positions in the company. Capital Analysts LLC lifted its holdings in DocuSign by 781.7% during the 4th quarter. Capital Analysts LLC now owns 529 shares of the company’s stock worth $31,000 after purchasing an additional 469 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of DocuSign in the fourth quarter worth about $32,000. Whittier Trust Co. boosted its position in shares of DocuSign by 28.8% in the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock valued at $56,000 after acquiring an additional 209 shares during the period. Desjardins Global Asset Management Inc. grew its stake in DocuSign by 60.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 966 shares of the company’s stock valued at $57,000 after acquiring an additional 364 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new stake in DocuSign during the 4th quarter worth approximately $83,000. 77.64% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Teresa Briggs sold 499 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.92, for a total transaction of $27,405.08. Following the transaction, the director now directly owns 6,668 shares in the company, valued at approximately $366,206.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Stephen Shute sold 15,109 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $57.02, for a total transaction of $861,515.18. Following the completion of the transaction, the insider now owns 8,959 shares in the company, valued at $510,842.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Teresa Briggs sold 499 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.92, for a total transaction of $27,405.08. Following the transaction, the director now directly owns 6,668 shares in the company, valued at $366,206.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,512 shares of company stock valued at $2,746,767. Insiders own 1.66% of the company’s stock.

DocuSign Price Performance

Shares of NASDAQ DOCU opened at $53.44 on Tuesday. The stock has a market capitalization of $10.98 billion, a P/E ratio of 148.45, a PEG ratio of 4.73 and a beta of 0.89. DocuSign, Inc. has a one year low of $38.11 and a one year high of $64.76. The firm’s 50 day simple moving average is $58.17 and its two-hundred day simple moving average is $55.99.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $59.00 price target on shares of DocuSign in a research report on Friday, April 12th. JMP Securities restated a “market outperform” rating and set a $84.00 target price on shares of DocuSign in a research report on Friday, April 12th. Wells Fargo & Company lowered their price target on DocuSign from $55.00 to $45.00 and set an “underweight” rating on the stock in a report on Monday, February 5th. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a report on Friday, April 12th. Finally, UBS Group upgraded shares of DocuSign from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $48.00 to $62.00 in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.25.

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DocuSign Profile

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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.

See Also

Want to see what other hedge funds are holding DOCU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DocuSign, Inc. (NASDAQ:DOCUFree Report).

Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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