Rafferty Asset Management LLC Has $2.97 Million Stock Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Rafferty Asset Management LLC lifted its holdings in shares of DocuSign, Inc. (NASDAQ:DOCUFree Report) by 7.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,897 shares of the company’s stock after buying an additional 3,431 shares during the period. Rafferty Asset Management LLC’s holdings in DocuSign were worth $2,966,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DOCU. Norges Bank acquired a new position in shares of DocuSign during the 4th quarter worth $133,826,000. AQR Capital Management LLC increased its holdings in DocuSign by 147.4% in the 3rd quarter. AQR Capital Management LLC now owns 1,908,500 shares of the company’s stock worth $80,157,000 after purchasing an additional 1,136,948 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in DocuSign by 77.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,215,650 shares of the company’s stock worth $51,057,000 after purchasing an additional 531,682 shares in the last quarter. International Assets Investment Management LLC increased its holdings in DocuSign by 4,438.8% in the 4th quarter. International Assets Investment Management LLC now owns 521,912 shares of the company’s stock worth $31,028,000 after purchasing an additional 510,413 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in DocuSign by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 20,982,387 shares of the company’s stock worth $881,260,000 after purchasing an additional 482,472 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Activity at DocuSign

In related news, insider Stephen Shute sold 15,109 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $57.02, for a total transaction of $861,515.18. Following the sale, the insider now owns 8,959 shares in the company, valued at approximately $510,842.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction, the insider now directly owns 8,959 shares of the company’s stock, valued at approximately $510,842.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Blake Jeffrey Grayson sold 7,018 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $57.03, for a total value of $400,236.54. Following the transaction, the chief financial officer now directly owns 21,051 shares in the company, valued at $1,200,538.53. The disclosure for this sale can be found here. Insiders have sold a total of 47,512 shares of company stock worth $2,746,767 in the last 90 days. Corporate insiders own 1.66% of the company’s stock.

DocuSign Price Performance

Shares of DocuSign stock opened at $52.05 on Friday. DocuSign, Inc. has a one year low of $38.11 and a one year high of $64.76. The stock’s 50-day moving average is $57.71 and its 200 day moving average is $56.18. The firm has a market cap of $10.69 billion, a price-to-earnings ratio of 144.58, a PEG ratio of 4.72 and a beta of 0.89.

DocuSign (NASDAQ:DOCUGet Free Report) last announced its earnings results on Thursday, March 7th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. DocuSign had a return on equity of 16.06% and a net margin of 3.81%. The company had revenue of $712.39 million for the quarter, compared to analyst estimates of $698.05 million. On average, sell-side analysts expect that DocuSign, Inc. will post 0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

DOCU has been the subject of a number of recent research reports. 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 report on Friday, April 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Friday. JMP Securities reaffirmed a “market outperform” rating and issued a $84.00 target price on shares of DocuSign in a report on Friday. Citigroup lowered their target price on DocuSign from $93.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Bank of America reduced their price target on DocuSign from $72.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.00.

View Our Latest Report on DOCU

DocuSign Company Profile

(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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