DocuSign, Inc. (NASDAQ:DOCU) Stock Position Increased by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC grew its position in DocuSign, Inc. (NASDAQ:DOCU) by 3.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 82,447 shares of the company’s stock after purchasing an additional 2,960 shares during the period. Gilman Hill Asset Management LLC’s holdings in DocuSign were worth $5,119,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its stake in shares of DocuSign by 5,000.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Mather Group LLC. boosted its stake in shares of DocuSign by 4,338.5% in the 2nd quarter. Mather Group LLC. now owns 577 shares of the company’s stock valued at $31,000 after purchasing an additional 564 shares in the last quarter. Register Financial Advisors LLC bought a new stake in DocuSign during the 1st quarter worth approximately $37,000. nVerses Capital LLC acquired a new stake in DocuSign in the 2nd quarter valued at about $48,000. Finally, Quarry LP acquired a new stake in shares of DocuSign in the 2nd quarter valued at $53,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Allan C. Thygesen sold 7,725 shares of DocuSign stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $54.89, for a total value of $424,025.25. Following the sale, the chief executive officer now owns 109,918 shares in the company, valued at $6,033,399.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Allan C. Thygesen sold 7,725 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $54.89, for a total transaction of $424,025.25. Following the completion of the transaction, the chief executive officer now directly owns 109,918 shares in the company, valued at $6,033,399.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction on Monday, September 16th. The stock was sold at an average price of $56.56, for a total value of $30,203.04. Following the completion of the sale, the director now directly owns 7,202 shares of the company’s stock, valued at approximately $407,345.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 418,002 shares of company stock valued at $22,471,973. 1.66% of the stock is currently owned by insiders.

DocuSign Stock Performance

NASDAQ:DOCU traded down $0.33 during trading hours on Friday, reaching $68.89. The stock had a trading volume of 4,739,372 shares, compared to its average volume of 2,920,766. The stock has a 50 day simple moving average of $58.30 and a 200 day simple moving average of $56.83. DocuSign, Inc. has a 12-month low of $38.11 and a 12-month high of $69.78. The stock has a market cap of $13.98 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 7.33 and a beta of 0.92.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 16.18% and a net margin of 34.56%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. On average, equities analysts expect that DocuSign, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DOCU. Citigroup raised their target price on DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research report on Friday, September 6th. JMP Securities reiterated a “market outperform” rating and issued a $84.00 price target on shares of DocuSign in a research note on Thursday, September 5th. Royal Bank of Canada boosted their price objective on shares of DocuSign from $52.00 to $57.00 and gave the company a “sector perform” rating in a report on Friday, September 6th. Finally, Robert W. Baird increased their target price on DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.40.

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.