32,147 Shares in DocuSign, Inc. (NASDAQ:DOCU) Acquired by Kazazian Asset Management LLC

Kazazian Asset Management LLC bought a new position in shares of DocuSign, Inc. (NASDAQ:DOCU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,147 shares of the company’s stock, valued at approximately $2,891,000. DocuSign makes up 2.2% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding.

A number of other large investors have also bought and sold shares of DOCU. Citizens Financial Group Inc. RI boosted its position in DocuSign by 2.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company’s stock worth $539,000 after acquiring an additional 133 shares during the last quarter. Rakuten Securities Inc. boosted its position in DocuSign by 20.9% during the 4th quarter. Rakuten Securities Inc. now owns 797 shares of the company’s stock worth $72,000 after acquiring an additional 138 shares during the last quarter. Synergy Financial Group LTD boosted its position in DocuSign by 3.4% during the 4th quarter. Synergy Financial Group LTD now owns 4,241 shares of the company’s stock worth $381,000 after acquiring an additional 140 shares during the last quarter. M&T Bank Corp boosted its position in DocuSign by 1.3% during the 4th quarter. M&T Bank Corp now owns 10,840 shares of the company’s stock worth $975,000 after acquiring an additional 143 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in DocuSign by 36.5% during the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock worth $49,000 after acquiring an additional 145 shares during the last quarter. 77.64% of the stock is owned by institutional investors.

DocuSign Price Performance

Shares of DocuSign stock opened at $85.01 on Wednesday. The business has a fifty day simple moving average of $87.75 and a two-hundred day simple moving average of $79.87. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86. The company has a market capitalization of $17.17 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 6.94 and a beta of 1.02.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $760.94 million. During the same quarter last year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts anticipate that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DOCU has been the subject of a number of recent research reports. Citigroup upped their price target on DocuSign from $113.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. UBS Group reduced their price target on DocuSign from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $90.00 price target on shares of DocuSign in a research report on Friday, March 14th. Wells Fargo & Company increased their price objective on DocuSign from $70.00 to $73.00 and gave the company an “underweight” rating in a report on Friday, March 14th. Finally, Wedbush reissued a “neutral” rating and issued a $100.00 price objective on shares of DocuSign in a report on Friday, March 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $95.00.

Insider Buying and Selling at DocuSign

In other DocuSign news, CEO Allan C. Thygesen sold 40,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $90.04, for a total transaction of $3,601,600.00. Following the transaction, the chief executive officer now owns 156,050 shares in the company, valued at $14,050,742. This trade represents a 20.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James P. Shaughnessy sold 7,500 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $90.17, for a total value of $676,275.00. Following the transaction, the insider now owns 43,781 shares in the company, valued at $3,947,732.77. The trade was a 14.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,034 shares of company stock valued at $5,932,352 in the last quarter. 1.66% of the stock is currently owned by 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.