DocuSign, Inc. (NASDAQ:DOCU) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC grew its position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 15.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,853 shares of the company's stock after buying an additional 25,038 shares during the period. Lazard Asset Management LLC owned 0.09% of DocuSign worth $16,715,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Friedenthal Financial bought a new position in shares of DocuSign during the 4th quarter valued at about $54,000. Miracle Mile Advisors LLC purchased a new stake in DocuSign during the 4th quarter valued at about $257,000. Oak Thistle LLC purchased a new stake in DocuSign during the 4th quarter valued at about $954,000. Fifth Third Wealth Advisors LLC purchased a new stake in DocuSign during the 4th quarter valued at about $519,000. Finally, Assenagon Asset Management S.A. lifted its holdings in DocuSign by 67.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 411,012 shares of the company's stock worth $36,966,000 after buying an additional 165,797 shares during the period. Hedge funds and other institutional investors own 77.64% of the company's stock.

DocuSign Stock Performance

Shares of NASDAQ:DOCU traded up $1.87 during trading on Friday, hitting $92.42. The company's stock had a trading volume of 2,010,367 shares, compared to its average volume of 2,753,903. The business has a 50 day moving average price of $81.19 and a two-hundred day moving average price of $85.09. The company has a market capitalization of $18.72 billion, a PE ratio of 19.06, a P/E/G ratio of 6.94 and a beta of 1.21. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86.

DocuSign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings data 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 net margin of 34.73% and a return on equity of 14.90%. 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 prior year, the firm posted $0.76 earnings per share. DocuSign's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities analysts expect that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Transactions at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 16,111 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $83.20, for a total value of $1,340,435.20. Following the completion of the transaction, the chief financial officer now directly owns 93,960 shares in the company, valued at approximately $7,817,472. The trade was a 14.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Teresa Briggs sold 534 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $87.41, for a total value of $46,676.94. Following the completion of the transaction, the director now owns 8,270 shares of the company's stock, valued at $722,880.70. This trade represents a 6.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,851 shares of company stock valued at $3,912,239 in the last quarter. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DOCU shares. UBS Group decreased their target price on DocuSign from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Hsbc Global Res raised DocuSign from a "moderate sell" rating to a "hold" rating in a report on Friday, April 11th. Citigroup lifted their target price on DocuSign from $113.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, March 14th. Jefferies Financial Group dropped their price target on DocuSign from $115.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, JMP Securities reiterated a "market outperform" rating and set a $124.00 target price on shares of DocuSign in a research report 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 company's stock. Based on data from MarketBeat.com, the stock presently 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.