Neuberger Berman Group LLC Has $3.71 Million Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Neuberger Berman Group LLC decreased its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 24.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 41,259 shares of the company’s stock after selling 13,406 shares during the period. Neuberger Berman Group LLC’s holdings in DocuSign were worth $3,711,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DOCU. FMR LLC lifted its holdings in shares of DocuSign by 178.2% during the fourth quarter. FMR LLC now owns 6,101,024 shares of the company’s stock worth $548,726,000 after buying an additional 3,908,139 shares during the last quarter. American Century Companies Inc. raised its stake in DocuSign by 18.5% during the 4th quarter. American Century Companies Inc. now owns 5,315,459 shares of the company’s stock valued at $478,072,000 after purchasing an additional 831,611 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in DocuSign by 4.9% in the 4th quarter. Renaissance Technologies LLC now owns 4,363,292 shares of the company’s stock valued at $392,434,000 after purchasing an additional 205,304 shares during the period. Geode Capital Management LLC grew its position in DocuSign by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 3,732,363 shares of the company’s stock worth $335,147,000 after purchasing an additional 249,179 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of DocuSign by 283.9% during the 4th quarter. Invesco Ltd. now owns 3,447,275 shares of the company’s stock worth $310,048,000 after purchasing an additional 2,549,310 shares during the period. 77.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $90.00 target price on shares of DocuSign in a research note on Friday, March 14th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research report on Friday, March 14th. JPMorgan Chase & Co. raised DocuSign from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $70.00 to $75.00 in a research report on Monday, March 10th. William Blair raised shares of DocuSign from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Finally, Bank of America decreased their target price on shares of DocuSign from $112.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $93.85.

DocuSign Stock Performance

Shares of DOCU stock opened at $74.35 on Friday. The stock has a market capitalization of $15.06 billion, a PE ratio of 15.33, a PEG ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The stock’s fifty day moving average is $82.95 and its 200-day moving average is $82.76.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The business had revenue of $776.25 million during the quarter, compared to analyst estimates of $760.94 million. During the same quarter last year, the business posted $0.76 earnings per share. DocuSign’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts forecast that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Activity

In other DocuSign news, insider James P. Shaughnessy sold 7,500 shares of DocuSign stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total transaction of $609,825.00. Following the completion of the sale, the insider now owns 45,875 shares of the company’s stock, valued at approximately $3,730,096.25. The trade was a 14.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the transaction, the chief financial officer now directly owns 77,851 shares in the company, valued at approximately $6,765,251.90. This trade represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,851 shares of company stock valued at $3,998,719 over the last 90 days. 1.66% of the stock is 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.