Caisse DE Depot ET Placement DU Quebec Reduces Position in DocuSign, Inc. (NASDAQ:DOCU)

Caisse DE Depot ET Placement DU Quebec decreased its stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,139,757 shares of the company's stock after selling 319,823 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.56% of DocuSign worth $102,510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI raised its holdings 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 worth $539,000 after acquiring an additional 133 shares during the period. Rakuten Securities Inc. increased its position in DocuSign by 20.9% during the fourth quarter. Rakuten Securities Inc. now owns 797 shares of the company's stock worth $72,000 after purchasing an additional 138 shares during the last quarter. Synergy Financial Group LTD raised its stake in DocuSign by 3.4% during the fourth quarter. Synergy Financial Group LTD now owns 4,241 shares of the company's stock worth $381,000 after purchasing an additional 140 shares during the period. M&T Bank Corp boosted its holdings in 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 last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of DocuSign by 34.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 557 shares of the company's stock valued at $50,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 77.64% of the company's stock.

Insider Activity at DocuSign

In other news, 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 sale, the director now owns 8,270 shares of the company's stock, valued at approximately $722,880.70. This trade represents a 6.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the transaction, the chief financial officer now directly owns 77,851 shares of the company's stock, valued at $6,765,251.90. This trade represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,851 shares of company stock valued at $4,607,439 over the last 90 days. 1.66% of the stock is owned by corporate insiders.

DocuSign Stock Performance

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

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

Analysts Set New Price Targets

A number of research analysts recently commented on DOCU shares. Wells Fargo & Company decreased their price objective on DocuSign from $73.00 to $65.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Wedbush reaffirmed a "neutral" rating and issued a $100.00 price target on shares of DocuSign in a research note on Friday, March 14th. Hsbc Global Res upgraded DocuSign from a "moderate sell" rating to a "hold" rating in a report on Friday, April 11th. JPMorgan Chase & Co. upgraded shares of DocuSign from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $70.00 to $75.00 in a report on Monday, March 10th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $124.00 target price on shares of DocuSign in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, DocuSign has a consensus rating of "Hold" and an average price target of $92.46.

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.