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

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

Several other large investors have also modified their holdings of the stock. Citizens Financial Group Inc. RI increased its position in DocuSign by 2.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company’s stock worth $539,000 after purchasing an additional 133 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of DocuSign by 20.9% during the 4th quarter. Rakuten Securities Inc. now owns 797 shares of the company’s stock worth $72,000 after buying an additional 138 shares during the last quarter. Synergy Financial Group LTD increased its holdings in shares of 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 buying an additional 140 shares during the last quarter. M&T Bank Corp raised its position in shares of DocuSign by 1.3% in the 4th quarter. M&T Bank Corp now owns 10,840 shares of the company’s stock worth $975,000 after buying an additional 143 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in DocuSign by 36.5% in the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock valued at $49,000 after acquiring an additional 145 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

DocuSign Stock Performance

NASDAQ:DOCU opened at $74.35 on Friday. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86. The business’s 50-day simple moving average is $82.95 and its 200 day simple moving average is $82.76.

DocuSign (NASDAQ:DOCU) last announced its earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $776.25 million for 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%. DocuSign’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 EPS. On average, equities research analysts predict that DocuSign, Inc. will post 1.17 EPS for the current year.

Insiders Place Their Bets

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $86.90, for a total transaction of $695,200.00. Following the transaction, the chief financial officer now owns 77,851 shares of the company’s stock, valued at $6,765,251.90. This trade represents a 9.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Teresa Briggs sold 534 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.41, for a total value of $46,676.94. Following the completion of the sale, the director now owns 8,270 shares of the company’s stock, valued at $722,880.70. This trade represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,851 shares of company stock valued at $3,998,719 in the last ninety days. Corporate insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on DOCU shares. UBS Group dropped their price target on DocuSign from $100.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research report on Friday, March 14th. Citigroup lifted their price target on shares of DocuSign from $113.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, March 14th. Jefferies Financial Group dropped their price objective on shares of DocuSign from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Finally, William Blair upgraded shares of DocuSign from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $93.85.

About DocuSign

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.