7,711 Shares in DocuSign, Inc. (NASDAQ:DOCU) Purchased by Fluent Financial LLC

Fluent Financial LLC bought a new position in DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,711 shares of the company's stock, valued at approximately $694,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in shares of DocuSign during the 4th quarter worth $30,000. First Horizon Advisors Inc. raised its holdings in shares of DocuSign by 102.6% in the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock valued at $36,000 after buying an additional 201 shares during the last quarter. McIlrath & Eck LLC raised its holdings in DocuSign by 476.0% during the fourth quarter. McIlrath & Eck LLC now owns 432 shares of the company's stock worth $39,000 after purchasing an additional 357 shares in the last quarter. Bessemer Group Inc. raised its holdings in DocuSign by 490.0% during the fourth quarter. Bessemer Group Inc. now owns 472 shares of the company's stock worth $42,000 after purchasing an additional 392 shares in the last quarter. Finally, Avion Wealth raised its holdings in DocuSign by 309.2% during the fourth quarter. Avion Wealth now owns 487 shares of the company's stock worth $43,000 after purchasing an additional 368 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DOCU shares. JPMorgan Chase & Co. upgraded shares of DocuSign from an "underweight" rating to a "neutral" rating and increased their price target for the company from $70.00 to $75.00 in a research report on Monday, March 10th. Robert W. Baird set a $93.00 target price on shares of DocuSign in a research note on Friday, March 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of DocuSign in a research note on Thursday, April 17th. UBS Group decreased their price objective on shares of DocuSign from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company decreased their price objective on shares of DocuSign from $73.00 to $65.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, DocuSign currently has an average rating of "Hold" and a consensus target price of $92.46.

DocuSign Trading Down 0.5%

Shares of NASDAQ DOCU traded down $0.42 during midday trading on Wednesday, reaching $85.83. The company's stock had a trading volume of 2,160,491 shares, compared to its average volume of 2,768,141. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 6.94 and a beta of 1.21. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86. The stock has a 50 day simple moving average of $81.72 and a 200-day simple moving average of $85.85.

DocuSign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. As a group, equities analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current year.

Insider Activity at DocuSign

In other news, insider James P. Shaughnessy sold 7,500 shares of DocuSign stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total value of $609,825.00. Following the completion of the transaction, the insider now owns 45,875 shares in the company, valued at $3,730,096.25. This trade represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Blake Jeffrey Grayson sold 16,111 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $83.20, for a total transaction of $1,340,435.20. Following the transaction, the chief financial officer now directly owns 93,960 shares of the company's stock, valued at approximately $7,817,472. This represents 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 in the last quarter. Insiders own 1.01% of the company's stock.

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.