Caz Investments LP Has $186,000 Position in DocuSign, Inc. (NASDAQ:DOCU)

Caz Investments LP boosted its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 50.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,000 shares of the company’s stock after buying an additional 1,000 shares during the quarter. DocuSign makes up approximately 0.1% of Caz Investments LP’s holdings, making the stock its 17th largest holding. Caz Investments LP’s holdings in DocuSign were worth $186,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its stake in shares of DocuSign by 9.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,165 shares of the company’s stock valued at $427,000 after purchasing an additional 593 shares during the last quarter. Motley Fool Asset Management LLC grew its stake in shares of DocuSign by 6.0% during the first quarter. Motley Fool Asset Management LLC now owns 3,960 shares of the company’s stock worth $236,000 after purchasing an additional 224 shares during the period. Comerica Bank increased its holdings in DocuSign by 228.8% in the first quarter. Comerica Bank now owns 28,901 shares of the company’s stock valued at $1,721,000 after purchasing an additional 20,110 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in DocuSign by 112.1% in the first quarter. iA Global Asset Management Inc. now owns 9,494 shares of the company’s stock valued at $565,000 after buying an additional 5,018 shares during the period. Finally, Plato Investment Management Ltd boosted its holdings in DocuSign by 1,113.7% during the first quarter. Plato Investment Management Ltd now owns 21,858 shares of the company’s stock worth $1,302,000 after buying an additional 20,057 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Insider Activity

In other DocuSign news, Director Teresa Briggs sold 534 shares of the company’s 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 transaction, the director now directly owns 7,202 shares of the company’s stock, valued at $407,345.12. This represents a 6.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Allan C. Thygesen sold 7,725 shares of DocuSign stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.09, for a total value of $456,470.25. Following the sale, the chief executive officer now directly owns 102,193 shares of the company’s stock, valued at $6,038,584.37. This represents a 7.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,558 shares of company stock valued at $4,272,768 over the last ninety days. 1.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DOCU. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research report on Friday, September 6th. JMP Securities lifted their price target on shares of DocuSign from $84.00 to $108.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd. Robert W. Baird upped their price objective on shares of DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Wells Fargo & Company lifted their target price on DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Finally, 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. 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. According to MarketBeat, DocuSign has an average rating of “Hold” and an average price target of $65.80.

DocuSign Stock Down 0.2 %

NASDAQ:DOCU opened at $85.30 on Wednesday. DocuSign, Inc. has a 12-month low of $42.13 and a 12-month high of $86.75. The firm has a market capitalization of $17.31 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 9.05 and a beta of 0.90. The stock’s 50 day moving average price is $70.63 and its two-hundred day moving average price is $60.66.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.17. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The business had revenue of $736.03 million for the quarter, compared to analysts’ expectations of $727.20 million. During the same quarter in the prior year, the business earned $0.09 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts expect that DocuSign, Inc. will post 1.01 EPS for the current year.

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.