Natixis Has $9.32 Million Position in DocuSign, Inc. (NASDAQ:DOCU)

Natixis lifted its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 3,691.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 103,607 shares of the company’s stock after buying an additional 100,874 shares during the quarter. Natixis’ holdings in DocuSign were worth $9,318,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Citizens Financial Group Inc. RI boosted its holdings in shares of DocuSign by 2.3% in the fourth quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company’s stock valued at $539,000 after buying an additional 133 shares during the period. Rakuten Securities Inc. boosted its stake in DocuSign by 20.9% in the 4th quarter. Rakuten Securities Inc. now owns 797 shares of the company’s stock worth $72,000 after purchasing an additional 138 shares during the period. Synergy Financial Group LTD increased its holdings in 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 purchasing an additional 140 shares in the last quarter. M&T Bank Corp raised its stake 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 purchasing an additional 143 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings 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 purchasing an additional 145 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DOCU shares. HSBC upgraded DocuSign from a “reduce” rating to a “hold” rating and set a $70.00 price objective for the company in a report on Friday, April 11th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a report on Thursday. Robert W. Baird set a $93.00 target price on shares of DocuSign in a 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 research note on Friday, March 14th. Finally, Jefferies Financial Group reduced their price objective on shares of 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, eleven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $93.08.

Insider Activity at DocuSign

In other news, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction 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 completion of the sale, the chief financial officer now owns 77,851 shares of the company’s stock, valued at approximately $6,765,251.90. This trade represents a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Teresa Briggs sold 534 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $87.41, for a total transaction of $46,676.94. Following the transaction, the director now directly owns 8,270 shares in the company, valued at approximately $722,880.70. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,851 shares of company stock worth $4,607,439. Insiders own 1.66% of the company’s stock.

DocuSign Stock Down 1.3 %

DOCU opened at $75.42 on Monday. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86. The business has a 50 day moving average of $81.35 and a 200-day moving average of $83.38. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 6.94 and a beta of 1.20.

DocuSign (NASDAQ:DOCU) last announced 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 business had revenue of $776.25 million during the quarter, compared to the consensus estimate of $760.94 million. During the same quarter last year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, analysts expect that DocuSign, Inc. will post 1.17 earnings per share for the current 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.