US Bancorp DE Raises Stake in DocuSign, Inc. (NASDAQ:DOCU)

US Bancorp DE boosted its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,942 shares of the company’s stock after acquiring an additional 381 shares during the quarter. US Bancorp DE’s holdings in DocuSign were worth $355,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DOCU. Itau Unibanco Holding S.A. bought a new position in DocuSign in the 3rd quarter worth about $28,000. Kestra Investment Management LLC bought a new position in DocuSign in the 4th quarter worth about $30,000. Brooklyn Investment Group bought a new position in DocuSign in the 3rd quarter worth about $33,000. Modus Advisors LLC bought a new position in DocuSign in the 4th quarter worth about $36,000. Finally, First Horizon Advisors Inc. increased its stake in DocuSign by 102.6% in the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock worth $36,000 after acquiring an additional 201 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Hsbc Global Res upgraded DocuSign to a “moderate sell” rating in a research report on Friday, December 6th. Morgan Stanley increased their price objective on DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. HSBC reiterated a “reduce” rating on shares of DocuSign in a research report on Friday, December 6th. Citigroup reiterated a “buy” rating on shares of DocuSign in a research report on Thursday, March 6th. Finally, JMP Securities reiterated a “market outperform” rating and set a $124.00 price objective on shares of DocuSign in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DocuSign has a consensus rating of “Hold” and an average price target of $92.91.

DocuSign Price Performance

DOCU opened at $74.70 on Friday. The stock’s 50 day simple moving average is $88.06 and its 200 day simple moving average is $79.04. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 6.94 and a beta of 1.02.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The business had revenue of $776.25 million during the quarter, compared to analysts’ expectations of $760.94 million. During the same quarter last year, the business posted $0.76 EPS. The business’s revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current year.

Insiders Place Their Bets

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $94.77, for a total value of $758,160.00. Following the completion of the sale, the chief financial officer now owns 101,439 shares in the company, valued at approximately $9,613,374.03. This trade represents a 7.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Allan C. Thygesen sold 40,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $90.04, for a total value of $3,601,600.00. Following the completion of the sale, the chief executive officer now owns 156,050 shares of the company’s stock, valued at approximately $14,050,742. This trade represents a 20.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,422 shares of company stock worth $9,665,394. 1.66% of the stock is currently owned by company insiders.

DocuSign 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.