DocuSign, Inc. (NASDAQ:DOCU) Shares Purchased by DMC Group LLC

DMC Group LLC increased its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 4.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,561 shares of the company’s stock after buying an additional 201 shares during the quarter. DMC Group LLC’s holdings in DocuSign were worth $283,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of DocuSign by 1.9% in the second quarter. American Century Companies Inc. now owns 4,099,400 shares of the company’s stock valued at $219,318,000 after acquiring an additional 75,026 shares during the period. Renaissance Technologies LLC boosted its stake in DocuSign by 18.3% during the 2nd quarter. Renaissance Technologies LLC now owns 3,729,314 shares of the company’s stock worth $199,518,000 after purchasing an additional 576,414 shares during the period. Pacer Advisors Inc. grew its position in DocuSign by 77.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company’s stock worth $188,318,000 after purchasing an additional 1,541,816 shares during the last quarter. Jericho Capital Asset Management L.P. increased its stake in DocuSign by 316.6% in the first quarter. Jericho Capital Asset Management L.P. now owns 3,417,908 shares of the company’s stock valued at $203,536,000 after purchasing an additional 2,597,489 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in shares of DocuSign by 4.1% in the second quarter. Clearbridge Investments LLC now owns 2,920,842 shares of the company’s stock valued at $156,265,000 after buying an additional 115,616 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Transactions at DocuSign

In related news, CEO Allan C. Thygesen sold 7,725 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $54.89, for a total value of $424,025.25. Following the completion of the transaction, the chief executive officer now directly owns 109,918 shares of the company’s stock, valued at $6,033,399.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Allan C. Thygesen sold 7,725 shares of the stock in a transaction dated 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 directly owns 109,918 shares of the company’s stock, valued at approximately $6,033,399.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel D. Springer sold 287,052 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $53.78, for a total transaction of $15,437,656.56. Following the transaction, the director now owns 923,445 shares of the company’s stock, valued at $49,662,872.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 427,554 shares of company stock valued at $23,129,150 in the last quarter. 1.66% of the stock is currently owned by corporate insiders.

DocuSign Stock Performance

Shares of NASDAQ DOCU opened at $72.30 on Friday. DocuSign, Inc. has a one year low of $38.11 and a one year high of $73.80. The firm has a market capitalization of $14.80 billion, a P/E ratio of 139.04, a PEG ratio of 7.33 and a beta of 0.92. The company’s fifty day moving average is $60.31 and its two-hundred day moving average is $57.26.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.17. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The firm had revenue of $736.03 million for the quarter, compared to the consensus estimate of $727.20 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that DocuSign, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DOCU shares. Wells Fargo & Company raised their price target on DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Royal Bank of Canada lifted their target price on DocuSign from $52.00 to $57.00 and gave the company a “sector perform” rating in a research note on Friday, September 6th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research note on Friday, September 6th. Bank of America increased their price target on DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Finally, Robert W. Baird boosted their price objective on shares of DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, DocuSign has an average rating of “Hold” and an average target price of $63.40.

About DocuSign

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.