3,736 Shares in DocuSign, Inc. (NASDAQ:DOCU) Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC bought a new position in shares of DocuSign, Inc. (NASDAQ:DOCU) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,736 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Syon Capital LLC boosted its holdings in DocuSign by 450.2% in the 4th quarter. Syon Capital LLC now owns 550,221 shares of the company’s stock valued at $32,711,000 after purchasing an additional 450,221 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in 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 period. Linden Thomas Advisory Services LLC boosted its holdings in 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 period. Greenwich Wealth Management LLC boosted its holdings in DocuSign by 7.7% in the 4th quarter. Greenwich Wealth Management LLC now owns 92,748 shares of the company’s stock valued at $5,514,000 after purchasing an additional 6,650 shares during the period. Finally, abrdn plc boosted its holdings in DocuSign by 96.7% in the 4th quarter. abrdn plc now owns 74,233 shares of the company’s stock valued at $4,413,000 after purchasing an additional 36,488 shares during the period. Institutional investors own 77.64% of the company’s stock.

DocuSign Price Performance

Shares of DOCU stock opened at $57.20 on Friday. The firm has a 50-day moving average of $56.49 and a 200-day moving average of $52.65. The company has a market cap of $11.75 billion, a P/E ratio of 158.89, a P/E/G ratio of 4.96 and a beta of 0.89. DocuSign, Inc. has a one year low of $38.11 and a one year high of $64.76.

DocuSign (NASDAQ:DOCU) last announced its earnings results on Thursday, March 7th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. The company had revenue of $712.39 million during the quarter, compared to the consensus estimate of $698.05 million. DocuSign had a net margin of 2.68% and a return on equity of 13.91%. As a group, research analysts expect that DocuSign, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Allan C. Thygesen sold 7,680 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $61.27, for a total transaction of $470,553.60. Following the completion of the sale, the chief executive officer now owns 111,767 shares in the company, valued at $6,847,964.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other DocuSign news, Director Teresa Briggs sold 499 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $52.99, for a total transaction of $26,442.01. Following the completion of the transaction, the director now owns 6,169 shares in the company, valued at $326,895.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Allan C. Thygesen sold 7,680 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $61.27, for a total transaction of $470,553.60. Following the transaction, the chief executive officer now owns 111,767 shares of the company’s stock, valued at approximately $6,847,964.09. The disclosure for this sale can be found here. Insiders sold a total of 54,871 shares of company stock worth $3,176,199 over the last quarter. Insiders own 17.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $59.00 price objective on shares of DocuSign in a report on Friday, April 12th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research report on Friday, April 12th. Wells Fargo & Company dropped their target price on shares of DocuSign from $55.00 to $45.00 and set an “underweight” rating for the company in a research report on Monday, February 5th. Morgan Stanley upgraded shares of DocuSign from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $49.00 to $64.00 in a research report on Tuesday, January 16th. Finally, JMP Securities restated a “market outperform” rating and issued a $84.00 target price on shares of DocuSign in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.25.

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.