Ossiam Acquires 1,371 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Ossiam raised its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 32.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,606 shares of the company’s stock after acquiring an additional 1,371 shares during the quarter. Ossiam’s holdings in DocuSign were worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Citizens Financial Group Inc. RI raised its stake in shares of DocuSign by 2.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company’s stock valued at $539,000 after purchasing an additional 133 shares during the period. Rakuten Securities Inc. increased its position in shares of DocuSign by 20.9% during the fourth quarter. Rakuten Securities Inc. now owns 797 shares of the company’s stock valued at $72,000 after buying an additional 138 shares during the period. Synergy Financial Group LTD increased 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 valued at $381,000 after buying an additional 140 shares during the period. M&T Bank Corp lifted its holdings in shares of 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 buying an additional 143 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of 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 period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

DocuSign Stock Up 3.2 %

Shares of NASDAQ:DOCU opened at $74.20 on Wednesday. The stock has a market cap of $15.02 billion, a PE ratio of 15.30, a PEG ratio of 6.94 and a beta of 1.20. The company’s fifty day moving average is $80.73 and its 200 day moving average is $83.38. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.86 EPS for the quarter, topping 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 the consensus estimate of $760.94 million. During the same quarter in the previous year, the business earned $0.76 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Sell-side analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on DOCU. Royal Bank of Canada reissued a “sector perform” rating and issued a $90.00 price target on shares of DocuSign in a report on Friday, March 14th. William Blair reissued an “outperform” rating on shares of DocuSign in a research note on Monday. UBS Group decreased their target price on DocuSign from $90.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Wedbush reaffirmed a “neutral” rating and issued a $100.00 price target on shares of DocuSign in a report on Friday, March 14th. Finally, Bank of America cut their price objective on DocuSign from $112.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, DocuSign has a consensus rating of “Hold” and a consensus price target of $92.46.

Insider Activity

In other news, CFO Blake Jeffrey Grayson sold 16,111 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $83.20, for a total transaction of $1,340,435.20. Following the completion of the sale, the chief financial officer now directly owns 93,960 shares in the company, valued at approximately $7,817,472. This represents a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Chatwani sold 15,706 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $83.19, for a total value of $1,306,582.14. Following the transaction, the insider now owns 76,842 shares in the company, valued at approximately $6,392,485.98. This represents a 16.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,851 shares of company stock valued at $4,607,439. 1.66% of the stock is currently 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.