Oppenheimer Asset Management Inc. Buys 741 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Oppenheimer Asset Management Inc. increased its stake in DocuSign, Inc. (NASDAQ:DOCU) by 17.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,961 shares of the company’s stock after acquiring an additional 741 shares during the period. Oppenheimer Asset Management Inc.’s holdings in DocuSign were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DOCU. Gilbert & Cook Inc. lifted its stake in shares of DocuSign by 7.7% in the 4th quarter. Gilbert & Cook Inc. now owns 8,497 shares of the company’s stock valued at $505,000 after acquiring an additional 604 shares during the last quarter. Dimensional Fund Advisors LP raised its position in DocuSign by 30.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 450,229 shares of the company’s stock valued at $26,770,000 after purchasing an additional 104,536 shares during the last quarter. D.A. Davidson & CO. raised its position in DocuSign by 4.7% during the 4th quarter. D.A. Davidson & CO. now owns 10,065 shares of the company’s stock valued at $598,000 after purchasing an additional 450 shares during the last quarter. Franklin Resources Inc. raised its position in DocuSign by 17.3% during the 4th quarter. Franklin Resources Inc. now owns 43,325 shares of the company’s stock valued at $2,576,000 after purchasing an additional 6,397 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in DocuSign by 22.2% during the 4th quarter. Neuberger Berman Group LLC now owns 46,751 shares of the company’s stock valued at $2,779,000 after purchasing an additional 8,493 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DOCU. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research report on Friday, September 6th. JMP Securities reaffirmed a “market outperform” rating and set a $84.00 price target on shares of DocuSign in a research report on Thursday, September 5th. Piper Sandler decreased their target price on DocuSign from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, June 7th. Morgan Stanley decreased their target price on DocuSign from $65.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, June 7th. Finally, Bank of America increased their target price on DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.45.

DocuSign Trading Up 0.1 %

Shares of DOCU opened at $57.97 on Friday. The business’s fifty day simple moving average is $55.87 and its two-hundred day simple moving average is $56.20. DocuSign, Inc. has a 12 month low of $38.11 and a 12 month high of $64.76. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 111.48, a P/E/G ratio of 5.99 and a beta of 0.93.

DocuSign (NASDAQ:DOCU) last issued its earnings results on Thursday, September 5th. The company reported $0.97 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 return on equity of 16.18% and a net margin of 34.56%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. As a group, research analysts forecast that DocuSign, Inc. will post 0.99 EPS for the current year.

Insider Activity

In other news, insider Robert Chatwani sold 14,799 shares of the stock in a transaction on Wednesday, September 18th. The stock was 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 approximately $3,923,684.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Robert Chatwani sold 14,799 shares of the stock in a transaction on Wednesday, September 18th. The stock was 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 approximately $3,923,684.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction on Monday, September 16th. The shares were sold at an average price of $56.56, for a total value of $30,203.04. Following the transaction, the director now owns 7,202 shares in the company, valued at $407,345.12. The disclosure for this sale can be found here. Insiders have sold 460,864 shares of company stock valued at $24,549,227 in the last ninety days. 1.66% of the stock is currently owned by company insiders.

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.