FIL Ltd Has $334,000 Holdings in DocuSign, Inc. (NASDAQ:DOCU)

FIL Ltd lessened its position in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 99.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,710 shares of the company's stock after selling 1,813,594 shares during the period. FIL Ltd's holdings in DocuSign were worth $334,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Shelton Capital Management acquired a new position in shares of DocuSign in the 4th quarter valued at approximately $682,000. Rathbones Group PLC boosted its holdings in shares of DocuSign by 9.8% in the fourth quarter. Rathbones Group PLC now owns 44,082 shares of the company's stock valued at $3,965,000 after buying an additional 3,928 shares during the period. Invesco Ltd. increased its position in shares of DocuSign by 283.9% during the fourth quarter. Invesco Ltd. now owns 3,447,275 shares of the company's stock worth $310,048,000 after acquiring an additional 2,549,310 shares in the last quarter. FMR LLC lifted its position in DocuSign by 178.2% in the 4th quarter. FMR LLC now owns 6,101,024 shares of the company's stock valued at $548,726,000 after acquiring an additional 3,908,139 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in DocuSign by 21.6% in the 4th quarter. Federated Hermes Inc. now owns 422,859 shares of the company's stock worth $38,032,000 after purchasing an additional 75,222 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DOCU. Royal Bank of Canada reissued a "sector perform" rating and issued a $90.00 target price on shares of DocuSign in a research report on Friday, March 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of DocuSign in a research report on Thursday. Bank of America decreased their target price on shares of DocuSign from $112.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Jefferies Financial Group reduced their target price on shares of DocuSign from $115.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Finally, HSBC raised shares of 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $93.08.

DocuSign Stock Performance

Shares of DOCU traded down $0.97 during mid-day trading on Friday, reaching $75.42. The company had a trading volume of 1,308,166 shares, compared to its average volume of 2,737,666. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 6.94 and a beta of 1.20. The company's 50 day simple moving average is $81.35 and its 200 day simple moving average is $83.10. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86.

DocuSign (NASDAQ:DOCU - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) 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 business had revenue of $776.25 million during the quarter, compared to analysts' expectations of $760.94 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities analysts forecast that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Activity at DocuSign

In other DocuSign news, insider James P. Shaughnessy sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total transaction of $609,825.00. Following the completion of the transaction, the insider now owns 45,875 shares in the company, valued at approximately $3,730,096.25. This trade represents a 14.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the company's stock in a transaction on 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 sale, 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. Insiders sold a total of 55,851 shares of company stock worth $4,607,439 in the last quarter. 1.66% of the stock is owned by insiders.

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.