RBF Capital LLC Sells 67,000 Shares of DocuSign, Inc. (NASDAQ:DOCU)

RBF Capital LLC decreased its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 55.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,000 shares of the company’s stock after selling 67,000 shares during the period. RBF Capital LLC’s holdings in DocuSign were worth $4,767,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Citizens Financial Group Inc. RI boosted 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 purchasing an additional 133 shares in the last quarter. Rakuten Securities Inc. boosted its position in DocuSign by 20.9% during the 4th quarter. Rakuten Securities Inc. now owns 797 shares of the company’s stock valued at $72,000 after acquiring an additional 138 shares in the last quarter. Synergy Financial Group LTD increased its holdings in shares of DocuSign by 3.4% in the 4th quarter. Synergy Financial Group LTD now owns 4,241 shares of the company’s stock valued at $381,000 after acquiring an additional 140 shares during the period. M&T Bank Corp increased its holdings 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 valued at $975,000 after acquiring an additional 143 shares during the period. Finally, TD Waterhouse Canada Inc. raised its position in shares of DocuSign by 34.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 557 shares of the company’s stock worth $50,000 after acquiring an additional 143 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DOCU shares. Wedbush reaffirmed a “neutral” rating and set a $100.00 price objective on shares of DocuSign in a research report on Friday, March 14th. Bank of America lowered their price target on shares of DocuSign from $112.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Hsbc Global Res raised shares of DocuSign from a “moderate sell” rating to a “hold” rating in a research report on Friday, April 11th. Jefferies Financial Group cut their price target on shares of DocuSign from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, UBS Group decreased their price objective on DocuSign from $90.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $92.46.

Insider Buying and Selling

In other news, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $81.31, for a total value of $609,825.00. Following the sale, the insider now owns 45,875 shares in the company, valued at $3,730,096.25. This represents a 14.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief financial officer now owns 86,156 shares of the company’s stock, valued at approximately $6,555,610.04. This represents 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 90 days. Insiders own 1.66% of the company’s stock.

DocuSign Stock Performance

DocuSign stock opened at $74.20 on Wednesday. The business’s 50-day simple moving average is $80.73 and its two-hundred day simple moving average is $83.38. The company 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. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two 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 for the quarter, topping the consensus estimate of $0.84 by $0.02. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The company had revenue of $776.25 million for the quarter, compared to the consensus estimate of $760.94 million. During the same quarter in the prior year, the company earned $0.76 EPS. DocuSign’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, analysts predict that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

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.