Creative Planning Has $897,000 Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Creative Planning raised its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 5.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 14,453 shares of the company’s stock after purchasing an additional 766 shares during the quarter. Creative Planning’s holdings in DocuSign were worth $897,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dakota Wealth Management increased its position 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 during the period. Sovereign Financial Group Inc. increased its position 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 during the period. Elo Mutual Pension Insurance Co increased its position 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 during the period. Motley Fool Asset Management LLC grew its position in shares of DocuSign by 6.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 3,960 shares of the company’s stock worth $236,000 after buying an additional 224 shares during the period. Finally, Optimist Retirement Group LLC grew its position in shares of DocuSign by 5.6% during the 2nd quarter. Optimist Retirement Group LLC now owns 4,255 shares of the company’s stock worth $228,000 after buying an additional 227 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

DOCU has been the subject of several recent analyst reports. 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 report on Friday, September 6th. Citigroup raised their price objective on shares of DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Robert W. Baird raised their price objective on shares of DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Wells Fargo & Company raised their price objective on shares of DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $84.00 price objective on shares of DocuSign in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DocuSign has an average rating of “Hold” and an average price target of $63.40.

Insider Buying and Selling at DocuSign

In other DocuSign news, CEO Allan C. Thygesen sold 7,725 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.09, for a total transaction of $456,470.25. Following the transaction, the chief executive officer now directly owns 102,193 shares in the company, valued at approximately $6,038,584.37. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Allan C. Thygesen sold 7,725 shares of DocuSign stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.09, for a total transaction of $456,470.25. Following the sale, the chief executive officer now directly owns 102,193 shares in the company, valued at $6,038,584.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Allan C. Thygesen sold 7,648 shares of DocuSign stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $62.47, for a total value of $477,770.56. Following the sale, the chief executive officer now owns 115,589 shares in the company, valued at $7,220,844.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,777 shares of company stock worth $7,267,469. Corporate insiders own 1.66% of the company’s stock.

DocuSign Stock Up 2.5 %

Shares of DOCU opened at $71.11 on Friday. DocuSign, Inc. has a 12-month low of $39.21 and a 12-month high of $73.80. The business’s fifty day moving average is $63.16 and its 200 day moving average is $58.04. The stock has a market cap of $14.43 billion, a P/E ratio of 15.00, a P/E/G ratio of 7.30 and a beta of 0.92.

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

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.