DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 2,689.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,849 shares of the company’s stock after purchasing an additional 3,711 shares during the quarter. Exchange Traded Concepts LLC’s holdings in DocuSign were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Dakota Wealth Management increased its stake in DocuSign by 0.8% during the 2nd quarter. Dakota Wealth Management now owns 23,022 shares of the company’s stock valued at $1,232,000 after purchasing an additional 181 shares in the last quarter. Sovereign Financial Group Inc. increased its stake in DocuSign by 4.3% during the 3rd quarter. Sovereign Financial Group Inc. now owns 4,487 shares of the company’s stock valued at $279,000 after purchasing an additional 184 shares in the last quarter. Elo Mutual Pension Insurance Co increased its stake in DocuSign by 1.1% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 18,848 shares of the company’s stock valued at $1,008,000 after purchasing an additional 214 shares in the last quarter. Motley Fool Asset Management LLC increased its stake in DocuSign by 6.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 3,960 shares of the company’s stock valued at $236,000 after purchasing an additional 224 shares in the last quarter. Finally, Optimist Retirement Group LLC increased its stake in shares of DocuSign by 5.6% in the second quarter. Optimist Retirement Group LLC now owns 4,255 shares of the company’s stock worth $228,000 after acquiring an additional 227 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

DocuSign Stock Performance

DOCU stock opened at $72.30 on Monday. The firm has a market cap of $14.80 billion, a PE ratio of 139.04, a P/E/G ratio of 7.33 and a beta of 0.92. The firm’s fifty day moving average is $60.31 and its 200 day moving average is $57.24. DocuSign, Inc. has a one year low of $38.11 and a one year high of $73.80.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.17. The business had revenue of $736.03 million for the quarter, compared to the consensus estimate of $727.20 million. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. Research analysts predict that DocuSign, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DOCU shares. Citigroup increased their price objective on shares of DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a research note 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 research note on Friday, September 6th. JMP Securities reiterated a “market outperform” rating and issued a $84.00 price objective on shares of DocuSign in a research note on Thursday, September 5th. Bank of America increased their price objective on shares of DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Finally, Royal Bank of Canada increased their price objective on shares of DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $63.40.

Insider Buying and Selling at DocuSign

In other DocuSign news, insider Robert Chatwani sold 14,799 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $55.46, for a total transaction of $820,752.54. Following the transaction, the insider now directly owns 70,748 shares of the company’s stock, valued at $3,923,684.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other DocuSign news, insider Robert Chatwani sold 14,799 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $55.46, for a total transaction of $820,752.54. Following the transaction, the insider now directly owns 70,748 shares of the company’s stock, valued at $3,923,684.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel D. Springer sold 287,052 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $53.78, for a total transaction of $15,437,656.56. Following the transaction, the director now directly owns 923,445 shares in the company, valued at approximately $49,662,872.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 427,554 shares of company stock valued at $23,129,150 over the last ninety days. Corporate 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.