FIL Ltd Has $334,000 Stake in DocuSign, Inc. (NASDAQ:DOCU)

FIL Ltd lowered its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 99.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,710 shares of the company’s stock after selling 1,813,594 shares during the quarter. FIL Ltd’s holdings in DocuSign were worth $334,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new position in shares of DocuSign in the fourth quarter valued at about $30,000. First Horizon Advisors Inc. increased its position in DocuSign by 102.6% in the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock valued at $36,000 after acquiring an additional 201 shares in the last quarter. Modus Advisors LLC bought a new position in shares of DocuSign in the fourth quarter worth about $36,000. Avion Wealth lifted its position in shares of DocuSign by 309.2% during the fourth quarter. Avion Wealth now owns 487 shares of the company’s stock worth $43,000 after purchasing an additional 368 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of DocuSign by 36.5% during the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock valued at $49,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $90.00 price objective on shares of DocuSign in a report on Friday, March 14th. Robert W. Baird set a $93.00 price target on DocuSign in a research note on Friday, March 14th. Jefferies Financial Group lowered their price objective on DocuSign from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, March 31st. William Blair raised DocuSign from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $124.00 target price on shares of DocuSign in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, DocuSign presently has an average rating of “Hold” and an average price target of $93.85.

Insider Activity

In related news, insider Robert Chatwani sold 15,706 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $83.19, for a total value of $1,306,582.14. Following the sale, the insider now directly owns 76,842 shares of the company’s stock, valued at approximately $6,392,485.98. The trade was a 16.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Teresa Briggs sold 534 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $87.41, for a total value of $46,676.94. Following the transaction, the director now owns 8,270 shares of the company’s stock, valued at approximately $722,880.70. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,851 shares of company stock worth $3,998,719 in the last 90 days. Corporate insiders own 1.66% of the company’s stock.

DocuSign Stock Performance

Shares of NASDAQ:DOCU opened at $75.26 on Tuesday. The company has a 50 day moving average price of $82.52 and a two-hundred day moving average price of $82.99. The company has a market capitalization of $15.24 billion, a PE ratio of 15.52, a PEG ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The business had revenue of $776.25 million for the quarter, compared to the consensus estimate of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. On average, sell-side analysts forecast that DocuSign, Inc. will post 1.17 earnings per share 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.