MetLife Investment Management LLC Has $11.10 Million Position in DocuSign, Inc. (NASDAQ:DOCU)

MetLife Investment Management LLC raised its stake in DocuSign, Inc. (NASDAQ:DOCU) by 863.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 123,375 shares of the company’s stock after buying an additional 110,568 shares during the quarter. MetLife Investment Management LLC owned 0.06% of DocuSign worth $11,096,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. World Investment Advisors LLC acquired a new position in shares of DocuSign in the third quarter worth $2,314,000. Wilmington Savings Fund Society FSB purchased a new position in DocuSign in the third quarter valued at about $51,000. Optimist Retirement Group LLC increased its position in DocuSign by 3.8% in the 3rd quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company’s stock worth $274,000 after purchasing an additional 161 shares during the last quarter. Tidal Investments LLC raised its stake in shares of DocuSign by 62.8% during the 3rd quarter. Tidal Investments LLC now owns 44,946 shares of the company’s stock worth $2,791,000 after purchasing an additional 17,339 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of DocuSign by 12.1% during the 3rd quarter. Franklin Resources Inc. now owns 520,925 shares of the company’s stock valued at $35,870,000 after buying an additional 56,221 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

DocuSign Price Performance

NASDAQ DOCU opened at $75.42 on Monday. The company’s fifty day moving average is $81.35 and its two-hundred day moving average is $83.38. The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of 15.55, a P/E/G 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.

DocuSign (NASDAQ:DOCU) last issued 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 firm had revenue of $776.25 million for the quarter, compared to analyst estimates of $760.94 million. During the same period in the previous year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of DocuSign from $97.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Hsbc Global Res raised shares of DocuSign from a “moderate sell” rating to a “hold” rating in a research note on Friday, April 11th. Wedbush reissued a “neutral” rating and set a $100.00 target price on shares of DocuSign in a research report on Friday, March 14th. Citigroup boosted 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, DocuSign currently has a consensus rating of “Hold” and an average price target of $93.08.

Insider Buying and Selling

In other DocuSign news, insider James P. Shaughnessy sold 7,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 45,875 shares in the company, valued at $3,730,096.25. This trade represents a 14.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $76.09, for a total value of $608,720.00. Following the sale, the chief financial officer now directly owns 86,156 shares in the company, valued at $6,555,610.04. The trade was a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,851 shares of company stock valued at $4,607,439 over the last ninety days. 1.66% of the stock is owned by company 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.