PFG Investments LLC Has $433,000 Position in DocuSign, Inc. (NASDAQ:DOCU)

PFG Investments LLC lessened its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,971 shares of the company’s stock after selling 740 shares during the period. PFG Investments LLC’s holdings in DocuSign were worth $433,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DOCU. Massmutual Trust Co. FSB ADV grew its holdings in shares of DocuSign by 5,000.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares during the last quarter. Mather Group LLC. grew its stake in DocuSign by 4,338.5% during the second quarter. Mather Group LLC. now owns 577 shares of the company’s stock worth $31,000 after buying an additional 564 shares during the last quarter. nVerses Capital LLC bought a new stake in DocuSign during the second quarter worth about $48,000. Quarry LP acquired a new stake in shares of DocuSign during the second quarter worth approximately $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of DocuSign in the second quarter valued at approximately $72,000. 77.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Daniel D. Springer sold 70,983 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.84, for a total value of $3,537,792.72. Following the completion of the sale, the director now directly owns 891,373 shares of the company’s stock, valued at $44,426,030.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other DocuSign news, CFO Blake Jeffrey Grayson sold 9,552 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $68.80, for a total value of $657,177.60. Following the completion of the transaction, the chief financial officer now directly owns 78,265 shares of the company’s stock, valued at approximately $5,384,632. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel D. Springer sold 70,983 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.84, for a total value of $3,537,792.72. Following the sale, the director now directly owns 891,373 shares in the company, valued at approximately $44,426,030.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 427,554 shares of company stock worth $23,129,150. Insiders own 1.66% of the company’s stock.

DocuSign Price Performance

DOCU opened at $70.15 on Wednesday. DocuSign, Inc. has a fifty-two week low of $38.11 and a fifty-two week high of $73.80. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 7.33 and a beta of 0.92. The firm has a 50 day simple moving average of $62.38 and a 200 day simple moving average of $57.78.

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 company had revenue of $736.03 million for the quarter, compared to the consensus estimate of $727.20 million. During the same quarter in the prior year, the business posted $0.09 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, analysts expect that DocuSign, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

DOCU has been the topic of a number of research analyst reports. Bank of America increased their price target on DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Royal Bank of Canada raised their target price on DocuSign from $52.00 to $57.00 and gave the company a “sector perform” rating in a research note on Friday, September 6th. Robert W. Baird upped their price target on shares of DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Wells Fargo & Company increased their price objective on shares of DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $84.00 target price on shares of DocuSign in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $63.40.

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.