15,561 Shares in Docusign Inc. $DOCU Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in Docusign Inc. (NASDAQ:DOCU) in the second quarter, Holdings Channel.com reports. The firm purchased 15,561 shares of the company’s stock, valued at approximately $691,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of Docusign by 8.2% in the second quarter. Smartleaf Asset Management LLC now owns 2,169 shares of the company’s stock valued at $166,000 after acquiring an additional 165 shares in the last quarter. Centaurus Financial Inc. grew its position in shares of Docusign by 3.4% during the third quarter. Centaurus Financial Inc. now owns 5,582 shares of the company’s stock worth $402,000 after purchasing an additional 184 shares in the last quarter. Tred Avon Family Wealth LLC raised its stake in Docusign by 3.6% during the 1st quarter. Tred Avon Family Wealth LLC now owns 6,176 shares of the company’s stock valued at $293,000 after purchasing an additional 215 shares during the period. Sanctuary Advisors LLC raised its stake in Docusign by 2.4% during the 4th quarter. Sanctuary Advisors LLC now owns 9,685 shares of the company’s stock valued at $662,000 after purchasing an additional 231 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its holdings in Docusign by 2.1% in the 1st quarter. First Citizens Bank & Trust Co. now owns 11,745 shares of the company’s stock worth $557,000 after purchasing an additional 239 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director James A. Beer sold 450 shares of Docusign stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $64.02, for a total transaction of $28,809.00. Following the completion of the transaction, the director directly owned 14,586 shares of the company’s stock, valued at approximately $933,795.72. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James P. Shaughnessy sold 12,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total transaction of $546,480.00. Following the transaction, the insider owned 52,815 shares in the company, valued at $2,405,195.10. The trade was a 18.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 90,965 shares of company stock valued at $4,341,688. 0.59% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DOCU. Needham & Company LLC reaffirmed a “hold” rating on shares of Docusign in a report on Friday, June 5th. Bank of America reissued an “underperform” rating on shares of Docusign in a report on Friday. Citigroup restated a “market outperform” rating on shares of Docusign in a research report on Tuesday, August 18th. Jefferies Financial Group raised their target price on shares of Docusign from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Finally, Wall Street Zen cut shares of Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.27.

Docusign Stock Performance

NASDAQ:DOCU opened at $66.27 on Tuesday. The stock’s fifty day moving average is $53.91 and its 200 day moving average is $49.29. Docusign Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $86.65. The firm has a market capitalization of $12.65 billion, a PE ratio of 43.03, a PEG ratio of 1.86 and a beta of 0.87.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, June 4th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The company had revenue of $830.24 million during the quarter, compared to the consensus estimate of $824.71 million. Docusign had a return on equity of 17.48% and a net margin of 9.59%.Docusign’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. Equities analysts forecast that Docusign Inc. will post 2.06 EPS for the current year.

Docusign Profile

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.