Universal Beteiligungs und Servicegesellschaft mbH Buys New Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 160,812 shares of the company's stock, valued at approximately $14,463,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of DocuSign as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. Putney Financial Group LLC acquired a new stake in shares of DocuSign in the 4th quarter valued at $65,000. Forum Financial Management LP acquired a new stake in shares of DocuSign during the 4th quarter valued at $773,000. Toronto Dominion Bank boosted its holdings in shares of DocuSign by 1.3% during the 4th quarter. Toronto Dominion Bank now owns 26,508 shares of the company's stock valued at $2,384,000 after acquiring an additional 349 shares in the last quarter. Vega Investment Solutions acquired a new stake in shares of DocuSign during the 4th quarter valued at $1,505,000. Finally, Vise Technologies Inc. acquired a new stake in shares of DocuSign during the 4th quarter valued at $221,000. Institutional investors and hedge funds own 77.64% of the company's stock.

Insider Transactions at DocuSign

In other news, insider Robert Chatwani sold 15,706 shares of DocuSign stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $83.19, for a total value of $1,306,582.14. Following the completion of the transaction, the insider now directly owns 76,842 shares of the company's stock, valued at approximately $6,392,485.98. This trade represents a 16.97% decrease in their position. The transaction 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 dated 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 sale, the director now directly owns 8,270 shares of the company's stock, valued at $722,880.70. The trade was a 6.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,851 shares of company stock valued at $3,912,239. Corporate insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DOCU shares. Needham & Company LLC reissued a "hold" rating on shares of DocuSign in a report on Thursday, April 17th. Royal Bank of Canada reissued a "sector perform" rating and set a $90.00 price objective on shares of DocuSign in a report on Friday, March 14th. JPMorgan Chase & Co. raised DocuSign from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $70.00 to $75.00 in a report on Monday, March 10th. UBS Group cut their price objective on DocuSign from $90.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Morgan Stanley cut their target price on DocuSign from $97.00 to $92.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $92.46.

DocuSign Stock Up 2.7%

DOCU traded up $2.41 during midday trading on Tuesday, hitting $91.61. 2,838,475 shares of the company were exchanged, compared to its average volume of 2,776,826. The firm's 50 day moving average price is $81.79 and its 200-day moving average price is $86.10. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86. The firm has a market capitalization of $18.55 billion, a P/E ratio of 18.89, a P/E/G ratio of 6.94 and a beta of 1.21.

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

About DocuSign

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.