Motley Fool Asset Management LLC Acquires 733 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Motley Fool Asset Management LLC grew its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 17.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,880 shares of the company’s stock after purchasing an additional 733 shares during the quarter. Motley Fool Asset Management LLC’s holdings in DocuSign were worth $439,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Bryce Point Capital LLC acquired a new position in DocuSign during the fourth quarter worth $1,792,000. Massachusetts Financial Services Co. MA boosted its stake in shares of DocuSign by 633.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 237,442 shares of the company’s stock worth $21,356,000 after acquiring an additional 205,051 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of DocuSign by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,732,363 shares of the company’s stock valued at $335,147,000 after acquiring an additional 249,179 shares during the last quarter. HighPoint Advisor Group LLC bought a new position in shares of DocuSign in the 4th quarter valued at approximately $229,000. Finally, B. Metzler seel. Sohn & Co. AG raised its stake in shares of DocuSign by 72.7% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 8,677 shares of the company’s stock valued at $780,000 after acquiring an additional 3,652 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

DOCU has been the topic of a number of recent analyst reports. Robert W. Baird set a $93.00 price target on shares of DocuSign in a research report on Friday, March 14th. William Blair upgraded shares of DocuSign from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Citigroup raised their price target on DocuSign from $113.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, March 14th. Morgan Stanley raised their price target on DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Finally, Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $95.83.

Insider Activity at DocuSign

In related news, insider Robert Chatwani sold 15,706 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 76,842 shares of the company’s stock, valued at $6,392,485.98. This trade represents a 16.97 % 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, Director Teresa Briggs sold 534 shares of the company’s stock in a transaction on 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 directly owns 8,270 shares in the company, valued at approximately $722,880.70. This represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,851 shares of company stock valued at $4,911,319 in the last three months. Corporate insiders own 1.66% of the company’s stock.

DocuSign Stock Performance

Shares of DocuSign stock opened at $77.37 on Friday. The firm has a market cap of $15.67 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The firm’s 50-day simple moving average is $86.41 and its 200-day simple moving average is $81.88.

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