Siemens Fonds Invest GmbH Acquires New Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Siemens Fonds Invest GmbH bought a new position in DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,580 shares of the company's stock, valued at approximately $772,000.

Several other hedge funds have also recently modified their holdings of DOCU. Kestra Investment Management LLC purchased a new stake in shares of DocuSign during the 4th quarter worth approximately $30,000. First Horizon Advisors Inc. raised its holdings in shares of DocuSign by 102.6% during the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock worth $36,000 after acquiring an additional 201 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of DocuSign by 490.0% during the 4th quarter. Bessemer Group Inc. now owns 472 shares of the company's stock worth $42,000 after acquiring an additional 392 shares in the last quarter. Avion Wealth raised its holdings in shares of DocuSign by 309.2% during the 4th quarter. Avion Wealth now owns 487 shares of the company's stock worth $43,000 after acquiring an additional 368 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of DocuSign by 36.5% during the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company's stock valued at $49,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.

Insider Buying and Selling

In related news, insider Robert Chatwani sold 15,706 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $83.19, for a total transaction of $1,306,582.14. Following the sale, the insider now owns 76,842 shares of the company's stock, valued at $6,392,485.98. This trade represents a 16.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Blake Jeffrey Grayson sold 16,111 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $83.20, for a total value of $1,340,435.20. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 47,851 shares of company stock valued at $3,912,239 over the last three months. 1.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Bank of America cut their target price on DocuSign from $112.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Hsbc Global Res upgraded shares of DocuSign from a "moderate sell" rating to a "hold" rating in a research report on Friday, April 11th. Jefferies Financial Group cut their price objective on shares of DocuSign from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Citigroup boosted their price objective on shares of DocuSign from $113.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, March 14th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $90.00 price objective on shares of DocuSign in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $92.46.

DocuSign Stock Performance

DocuSign stock traded down $1.58 during mid-day trading on Tuesday, hitting $89.73. The company's stock had a trading volume of 2,052,729 shares, compared to its average volume of 2,760,831. The company has a 50 day moving average of $81.71 and a 200-day moving average of $85.48. The stock has a market cap of $18.17 billion, a PE ratio of 18.50, a P/E/G 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 announced its quarterly earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $760.94 million. During the same quarter last year, the firm posted $0.76 earnings per share. The business's revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

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.