SeaCrest Wealth Management LLC Has $675,000 Position in DocuSign, Inc. (NASDAQ:DOCU)

SeaCrest Wealth Management LLC increased its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,327 shares of the company’s stock after purchasing an additional 240 shares during the period. SeaCrest Wealth Management LLC’s holdings in DocuSign were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System increased its stake in shares of DocuSign by 0.9% in the 4th quarter. New York State Teachers Retirement System now owns 18,282 shares of the company’s stock valued at $1,087,000 after purchasing an additional 163 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of DocuSign by 2.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,975 shares of the company’s stock valued at $415,000 after purchasing an additional 184 shares during the last quarter. Whittier Trust Co. increased its stake in shares of DocuSign by 28.8% in the 4th quarter. Whittier Trust Co. now owns 935 shares of the company’s stock valued at $56,000 after purchasing an additional 209 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of DocuSign by 0.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,899 shares of the company’s stock valued at $4,617,000 after purchasing an additional 239 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of DocuSign by 2.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 11,177 shares of the company’s stock valued at $664,000 after purchasing an additional 318 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DOCU. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research note on Friday, June 7th. Morgan Stanley decreased their price target on DocuSign from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, June 7th. Piper Sandler reduced their price objective on DocuSign from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Bank of America reduced their price objective on DocuSign from $72.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Finally, Robert W. Baird reduced their price objective on DocuSign from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $59.36.

DocuSign Trading Down 0.3 %

NASDAQ DOCU opened at $54.13 on Thursday. The business’s 50-day moving average price is $55.53 and its two-hundred day moving average price is $56.69. DocuSign, Inc. has a 12 month low of $38.11 and a 12 month high of $64.76. The firm has a market capitalization of $11.08 billion, a PE ratio of 104.10, a price-to-earnings-growth ratio of 4.45 and a beta of 0.94.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, June 6th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. DocuSign had a return on equity of 15.44% and a net margin of 3.81%. The firm had revenue of $709.64 million for the quarter, compared to analyst estimates of $706.07 million. As a group, analysts forecast that DocuSign, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at DocuSign

In related news, Director Teresa Briggs sold 499 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.92, for a total transaction of $27,405.08. Following the completion of the sale, the director now owns 6,668 shares of the company’s stock, valued at $366,206.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Allan C. Thygesen sold 7,911 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $53.77, for a total transaction of $425,374.47. Following the completion of the sale, the chief executive officer now owns 117,643 shares of the company’s stock, valued at $6,325,664.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Teresa Briggs sold 499 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.92, for a total value of $27,405.08. Following the sale, the director now directly owns 6,668 shares of the company’s stock, valued at approximately $366,206.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,218 shares of company stock worth $5,183,359. Insiders own 1.66% of the company’s stock.

DocuSign Company 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.