Gilman Hill Asset Management LLC Acquires 3,904 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Gilman Hill Asset Management LLC boosted its position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 4.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,326 shares of the company's stock after buying an additional 3,904 shares during the period. Gilman Hill Asset Management LLC's holdings in DocuSign were worth $6,864,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in DocuSign during the fourth quarter worth about $30,000. First Horizon Advisors Inc. lifted its stake in DocuSign by 102.6% in the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock valued at $36,000 after purchasing an additional 201 shares during the last quarter. Wood Tarver Financial Group LLC acquired a new stake in DocuSign in the fourth quarter valued at approximately $37,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of DocuSign by 153.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 453 shares of the company's stock worth $37,000 after buying an additional 274 shares during the last quarter. Finally, McIlrath & Eck LLC grew its stake in shares of DocuSign by 476.0% during the fourth quarter. McIlrath & Eck LLC now owns 432 shares of the company's stock worth $39,000 after buying an additional 357 shares during the last quarter. 77.64% of the stock is owned by institutional investors.

Insider Activity at DocuSign

In other news, 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Chatwani sold 15,706 shares of the business's stock in a transaction that occurred on 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 sale, the insider now directly owns 76,842 shares of the company's stock, valued at $6,392,485.98. This represents a 16.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,851 shares of company stock valued at $3,912,239. 1.01% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DOCU shares. Wells Fargo & Company boosted their price objective on DocuSign from $65.00 to $67.00 and gave the stock an "underweight" rating in a research report on Friday. Royal Bank of Canada restated a "sector perform" rating and set a $90.00 price target on shares of DocuSign in a report on Friday, March 14th. Wedbush dropped their price objective on shares of DocuSign from $100.00 to $85.00 and set a "neutral" rating for the company in a report on Friday. UBS Group cut their target price on shares of DocuSign from $85.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, JMP Securities restated a "market outperform" rating and issued a $124.00 price target on shares of DocuSign in a research report on Tuesday. One investment 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $89.15.

DocuSign Price Performance

Shares of DocuSign stock traded down $17.62 during trading on Friday, reaching $75.28. 22,572,298 shares of the company traded hands, compared to its average volume of 2,876,861. The firm has a market capitalization of $15.24 billion, a PE ratio of 15.52, a P/E/G ratio of 6.94 and a beta of 1.21. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86. The company has a 50 day moving average price of $82.23 and a 200-day moving average price of $86.25.

DocuSign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.09. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The company had revenue of $763.65 million for the quarter, compared to analysts' expectations of $748.79 million. During the same quarter in the prior year, the firm earned $0.82 EPS. The business's revenue was up 7.6% on a year-over-year basis. Equities research analysts expect that DocuSign, Inc. will post 1.17 earnings per share for the current year.

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.