DocuSign, Inc. (NASDAQ:DOCU) Stock Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in DocuSign, Inc. (NASDAQ:DOCU) by 5,660.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 438,914 shares of the company’s stock after buying an additional 431,295 shares during the quarter. International Assets Investment Management LLC owned about 0.21% of DocuSign worth $27,252,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Resonant Capital Advisors LLC boosted its position in shares of DocuSign by 0.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 17,516 shares of the company’s stock valued at $1,088,000 after purchasing an additional 157 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in DocuSign by 6.0% during the third quarter. V Square Quantitative Management LLC now owns 3,019 shares of the company’s stock valued at $187,000 after purchasing an additional 172 shares during the last quarter. Dakota Wealth Management grew its position in DocuSign by 0.8% in the second quarter. Dakota Wealth Management now owns 23,022 shares of the company’s stock worth $1,232,000 after buying an additional 181 shares during the last quarter. Sovereign Financial Group Inc. grew its position in DocuSign by 4.3% in the third quarter. Sovereign Financial Group Inc. now owns 4,487 shares of the company’s stock worth $279,000 after buying an additional 184 shares during the last quarter. Finally, DMC Group LLC increased its holdings in shares of DocuSign by 4.6% in the third quarter. DMC Group LLC now owns 4,561 shares of the company’s stock valued at $283,000 after buying an additional 201 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DocuSign

In related news, Director Teresa Briggs sold 534 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $56.56, for a total value of $30,203.04. Following the completion of the sale, the director now owns 7,202 shares of the company’s stock, valued at approximately $407,345.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, 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 completion of the sale, the director now owns 7,202 shares of the company’s stock, valued at approximately $407,345.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel D. Springer sold 287,052 shares of the stock in a transaction on Thursday, August 1st. The stock was 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 $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 sold 427,554 shares of company stock valued at $23,129,150 in the last three months. Corporate insiders own 1.66% of the company’s stock.

DocuSign Stock Up 0.9 %

DOCU stock opened at $69.58 on Tuesday. The company has a 50 day moving average of $62.12 and a two-hundred day moving average of $57.70. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 133.81, a PEG ratio of 7.33 and a beta of 0.92. DocuSign, Inc. has a 12-month low of $38.11 and a 12-month high of $73.80.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $84.00 target price on shares of DocuSign in a research report on Thursday, September 5th. Citigroup lifted their price target on 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 raised their target price on shares of DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a report on Friday, September 6th. Finally, Royal Bank of Canada raised 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 analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $63.40.

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.