Chicago Partners Investment Group LLC Has $1.03 Million Stock Holdings in Docusign Inc. $DOCU

Chicago Partners Investment Group LLC boosted its position in Docusign Inc. (NASDAQ:DOCU) by 191.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 21,731 shares of the company’s stock after acquiring an additional 14,268 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Docusign were worth $1,033,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new stake in Docusign in the fourth quarter valued at approximately $25,000. Modus Advisors LLC acquired a new position in shares of Docusign during the fourth quarter worth approximately $27,000. Torren Management LLC bought a new position in shares of Docusign in the 4th quarter worth $28,000. Aventura Private Wealth LLC bought a new position in shares of Docusign in the 4th quarter worth $30,000. Finally, True Wealth Design LLC grew its position in Docusign by 105.2% in the 4th quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $30,000 after purchasing an additional 222 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

Docusign Stock Performance

Docusign stock opened at $51.16 on Thursday. Docusign Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $86.65. The stock has a market cap of $9.77 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 1.46 and a beta of 0.90. The firm’s 50-day simple moving average is $47.24 and its 200 day simple moving average is $49.62.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, June 4th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.99 by $0.10. Docusign had a net margin of 9.59% and a return on equity of 17.48%. The firm had revenue of $830.24 million during the quarter, compared to analyst estimates of $824.71 million. During the same quarter last year, the business posted $0.90 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, analysts predict that Docusign Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on DOCU shares. Wells Fargo & Company decreased their price target on shares of Docusign from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Citizens Jmp reduced their price objective on shares of Docusign from $124.00 to $86.00 and set a “market outperform” rating for the company in a report on Wednesday, March 18th. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a research report on Friday, June 5th. Wall Street Zen lowered shares of Docusign from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Citigroup raised their price target on shares of Docusign from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.27.

Insiders Place Their Bets

In other news, CFO Blake Jeffrey Grayson sold 15,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $45.55, for a total transaction of $683,250.00. Following the completion of the sale, the chief financial officer directly owned 141,429 shares of the company’s stock, valued at $6,442,090.95. This trade represents a 9.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James P. Shaughnessy sold 12,000 shares of Docusign stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total value of $546,480.00. Following the sale, the insider owned 52,815 shares in the company, valued at $2,405,195.10. The trade was a 18.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 76,695 shares of company stock valued at $3,476,002. 0.59% of the stock is currently owned by insiders.

Docusign Profile

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.