DocuSign, Inc. (NASDAQ:DOCU) Shares Bought by XTX Topco Ltd

XTX Topco Ltd increased its stake in DocuSign, Inc. (NASDAQ:DOCU) by 114.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,344 shares of the company’s stock after buying an additional 8,729 shares during the quarter. XTX Topco Ltd’s holdings in DocuSign were worth $1,470,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Citizens Financial Group Inc. RI grew its stake in shares of DocuSign by 2.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company’s stock valued at $539,000 after acquiring an additional 133 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of DocuSign by 20.9% in the 4th quarter. Rakuten Securities Inc. now owns 797 shares of the company’s stock valued at $72,000 after purchasing an additional 138 shares in the last quarter. Synergy Financial Group LTD lifted its position in shares of DocuSign by 3.4% during the fourth quarter. Synergy Financial Group LTD now owns 4,241 shares of the company’s stock worth $381,000 after purchasing an additional 140 shares during the last quarter. M&T Bank Corp grew its stake in DocuSign by 1.3% in the fourth quarter. M&T Bank Corp now owns 10,840 shares of the company’s stock worth $975,000 after purchasing an additional 143 shares in the last quarter. Finally, Avior Wealth Management LLC increased 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 buying an additional 145 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

DocuSign Price Performance

DocuSign stock opened at $75.26 on Tuesday. The stock has a market capitalization of $15.24 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86. The firm has a 50 day simple moving average of $82.52 and a 200-day simple moving average of $82.99.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. William Blair raised DocuSign from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Wedbush restated a “neutral” rating and issued a $100.00 price target on shares of DocuSign in a research report on Friday, March 14th. Bank of America lowered their price objective on shares of DocuSign from $112.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Wells Fargo & Company raised their target price on shares of DocuSign from $70.00 to $73.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Finally, Jefferies Financial Group decreased their target price on DocuSign from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, DocuSign has a consensus rating of “Hold” and a consensus price target of $93.85.

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.