DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 827.9% in the fourth quarter, HoldingsChannel reports. The firm owned 34,444 shares of the company’s stock after purchasing an additional 30,732 shares during the quarter. Sterling Capital Management LLC’s holdings in DocuSign were worth $3,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC bought a new stake in DocuSign in the fourth quarter valued at $30,000. Modus Advisors LLC bought a new stake in DocuSign in the 4th quarter valued at about $36,000. First Horizon Advisors Inc. boosted its stake in DocuSign by 102.6% during the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock valued at $36,000 after purchasing an additional 201 shares during the period. Bessemer Group Inc. boosted its stake in DocuSign by 490.0% during the 4th quarter. Bessemer Group Inc. now owns 472 shares of the company’s stock valued at $42,000 after purchasing an additional 392 shares during the period. Finally, Avion Wealth grew its position in DocuSign by 309.2% in the 4th quarter. Avion Wealth now owns 487 shares of the company’s stock worth $43,000 after purchasing an additional 368 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DOCU shares. UBS Group cut their price target on DocuSign from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Jefferies Financial Group reduced their price target on DocuSign from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, March 31st. JMP Securities reissued a “market outperform” rating and set a $124.00 price target on shares of DocuSign in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised shares of DocuSign from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $70.00 to $75.00 in a report on Monday, March 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $90.00 target price on shares of DocuSign in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, DocuSign currently has a consensus rating of “Hold” and an average price target of $93.85.

Insider Activity at DocuSign

In related news, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total value of $609,825.00. Following the completion of the sale, the insider now owns 45,875 shares in the company, valued at approximately $3,730,096.25. This represents a 14.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Blake Jeffrey Grayson sold 16,111 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $83.20, for a total transaction of $1,340,435.20. Following the completion of the transaction, the chief financial officer now directly owns 93,960 shares of the company’s stock, valued at $7,817,472. This represents a 14.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,851 shares of company stock worth $3,998,719 in the last quarter. 1.66% of the stock is owned by company insiders.

DocuSign Stock Performance

Shares of NASDAQ:DOCU opened at $74.35 on Friday. The stock has a market capitalization of $15.06 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86. The company has a 50 day moving average price of $82.95 and a 200 day moving average price of $82.76.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The business had revenue of $776.25 million during the quarter, compared to analyst estimates of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.76 EPS. On average, sell-side analysts expect that DocuSign, Inc. will post 1.17 EPS for the current fiscal 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.