Boothbay Fund Management LLC Has $340,000 Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

Boothbay Fund Management LLC cut its stake in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 49.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,782 shares of the company's stock after selling 3,669 shares during the quarter. Boothbay Fund Management LLC's holdings in DocuSign were worth $340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rhumbline Advisers increased its stake in DocuSign by 118.8% during the 4th quarter. Rhumbline Advisers now owns 608,123 shares of the company's stock worth $54,695,000 after buying an additional 330,136 shares during the period. KBC Group NV boosted its holdings in DocuSign by 32.7% in the fourth quarter. KBC Group NV now owns 1,535,107 shares of the company's stock valued at $138,067,000 after purchasing an additional 378,233 shares during the last quarter. Jennison Associates LLC acquired a new stake in DocuSign during the 4th quarter valued at approximately $12,897,000. Everence Capital Management Inc. purchased a new stake in DocuSign during the 4th quarter worth approximately $720,000. Finally, Principal Financial Group Inc. raised its position in shares of DocuSign by 3,026.7% in the 4th quarter. Principal Financial Group Inc. now owns 546,796 shares of the company's stock valued at $49,179,000 after purchasing an additional 529,308 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

Insider Activity

In other news, Director Teresa Briggs sold 534 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $87.41, for a total transaction of $46,676.94. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $86.90, for a total transaction of $695,200.00. Following the completion of the transaction, the chief financial officer now directly owns 77,851 shares in the company, valued at approximately $6,765,251.90. This represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,851 shares of company stock valued at $4,607,439. 1.66% of the stock is owned by company insiders.

DocuSign Trading Up 1.6 %

Shares of DocuSign stock traded up $1.28 during trading on Friday, reaching $82.13. The company's stock had a trading volume of 1,475,275 shares, compared to its average volume of 2,753,155. The stock has a 50-day moving average price of $80.08 and a two-hundred day moving average price of $84.09. The stock has a market capitalization of $16.63 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 6.94 and a beta of 1.21. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86.

DocuSign (NASDAQ:DOCU - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.02. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The company had revenue of $776.25 million during the quarter, compared to the consensus estimate of $760.94 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The firm's quarterly revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Hsbc Global Res raised shares of DocuSign from a "moderate sell" rating to a "hold" rating in a report on Friday, April 11th. Wedbush reiterated a "neutral" rating and issued a $100.00 price target on shares of DocuSign in a research note on Friday, March 14th. HSBC upgraded DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 price objective on the stock in a research note on Friday, April 11th. Citigroup boosted their price target on DocuSign from $113.00 to $115.00 and gave the company a "buy" rating in a report on Friday, March 14th. Finally, William Blair restated an "outperform" rating on shares of DocuSign in a research note on Monday, April 21st. One 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 company. According to data from MarketBeat.com, DocuSign has an average rating of "Hold" and a consensus target price of $92.46.

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.