111 Capital Buys Shares of 19,130 DocuSign, Inc. (NASDAQ:DOCU)

111 Capital purchased a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,130 shares of the company's stock, valued at approximately $1,721,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in shares of DocuSign during the fourth quarter valued at approximately $30,000. First Horizon Advisors Inc. lifted its stake in DocuSign by 102.6% in the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock worth $36,000 after acquiring an additional 201 shares during the period. Wood Tarver Financial Group LLC bought a new stake in DocuSign in the fourth quarter valued at $37,000. McIlrath & Eck LLC boosted its holdings in DocuSign by 476.0% in the fourth quarter. McIlrath & Eck LLC now owns 432 shares of the company's stock valued at $39,000 after acquiring an additional 357 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in DocuSign by 490.0% during the 4th quarter. Bessemer Group Inc. now owns 472 shares of the company's stock valued at $42,000 after purchasing an additional 392 shares during the period. Institutional investors own 77.64% of the company's stock.

DocuSign Price Performance

DOCU stock traded up $2.04 on Friday, reaching $87.75. 5,726,500 shares of the company traded hands, compared to its average volume of 2,781,333. The firm has a fifty day simple moving average of $81.62 and a 200-day simple moving average of $85.99. The company has a market cap of $17.77 billion, a P/E ratio of 18.09, 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 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.02. The firm had revenue of $776.25 million for 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%. The company's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share. On average, sell-side analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on DOCU shares. William Blair reaffirmed an "outperform" rating on shares of DocuSign in a research report on Monday, April 21st. HSBC upgraded 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. Citigroup lifted their price objective on DocuSign from $113.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, March 14th. Wells Fargo & Company decreased their target price on DocuSign from $73.00 to $65.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Bank of America lowered their target price on DocuSign from $112.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $92.46.

Insider Activity at DocuSign

In other news, CFO Blake Jeffrey Grayson sold 8,000 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $76.09, for a total transaction of $608,720.00. Following the transaction, the chief financial officer now directly owns 86,156 shares of the company's stock, valued at $6,555,610.04. This represents a 8.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Teresa Briggs sold 534 shares of the 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 sale, the director now directly owns 8,270 shares in the company, 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. In the last ninety days, insiders have sold 47,851 shares of company stock valued at $3,912,239. 1.01% of the stock is owned by insiders.

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.