V Square Quantitative Management LLC Increases Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

V Square Quantitative Management LLC boosted its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 6.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,019 shares of the company’s stock after buying an additional 172 shares during the period. V Square Quantitative Management LLC’s holdings in DocuSign were worth $187,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DOCU. RFG Advisory LLC bought a new position in shares of DocuSign during the first quarter valued at $229,000. Gilman Hill Asset Management LLC lifted its stake in DocuSign by 0.9% during the 1st quarter. Gilman Hill Asset Management LLC now owns 75,726 shares of the company’s stock valued at $4,509,000 after acquiring an additional 685 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of DocuSign by 20.1% during the 1st quarter. Sunbelt Securities Inc. now owns 3,412 shares of the company’s stock valued at $203,000 after acquiring an additional 572 shares during the last quarter. Sovereign Financial Group Inc. bought a new stake in shares of DocuSign in the first quarter worth approximately $234,000. Finally, Register Financial Advisors LLC purchased a new position in shares of DocuSign during the first quarter valued at approximately $37,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $84.00 price objective on shares of DocuSign in a report on Thursday, September 5th. Citigroup increased their target price on DocuSign from $86.00 to $87.00 and gave the company a “buy” rating in a report on Friday, September 6th. Robert W. Baird boosted their price target on DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $63.40.

Insiders Place Their Bets

In other news, CEO Allan C. Thygesen sold 7,725 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $54.89, for a total value of $424,025.25. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Blake Jeffrey Grayson sold 9,552 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $68.80, for a total transaction of $657,177.60. Following the completion of the transaction, the chief financial officer now owns 78,265 shares in the company, valued at $5,384,632. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Allan C. Thygesen sold 7,725 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 109,918 shares in the company, valued at $6,033,399.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 427,554 shares of company stock worth $23,129,150. Corporate insiders own 1.66% of the company’s stock.

DocuSign Trading Down 0.3 %

Shares of NASDAQ:DOCU opened at $72.30 on Monday. DocuSign, Inc. has a 12-month low of $38.11 and a 12-month high of $73.80. The company has a market cap of $14.80 billion, a PE ratio of 139.04, a price-to-earnings-growth ratio of 7.33 and a beta of 0.92. The stock has a 50 day moving average of $60.31 and a 200 day moving average of $57.24.

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

DocuSign 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.