Nuveen Asset Management LLC Sells 5,495 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Nuveen Asset Management LLC decreased its position in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 523,192 shares of the company's stock after selling 5,495 shares during the period. Nuveen Asset Management LLC owned approximately 0.26% of DocuSign worth $47,056,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DOCU. Park Avenue Securities LLC boosted its position in shares of DocuSign by 183.4% during the 4th quarter. Park Avenue Securities LLC now owns 10,558 shares of the company's stock valued at $950,000 after purchasing an additional 6,832 shares in the last quarter. Ritholtz Wealth Management acquired a new position in DocuSign in the fourth quarter valued at approximately $223,000. Merit Financial Group LLC boosted its holdings in shares of DocuSign by 22.1% during the 4th quarter. Merit Financial Group LLC now owns 18,516 shares of the company's stock worth $1,665,000 after buying an additional 3,352 shares in the last quarter. Ameritas Advisory Services LLC grew its position in shares of DocuSign by 2.5% during the 4th quarter. Ameritas Advisory Services LLC now owns 21,043 shares of the company's stock worth $1,893,000 after buying an additional 512 shares during the period. Finally, Aaron Wealth Advisors LLC grew its position in shares of DocuSign by 14.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 4,940 shares of the company's stock worth $444,000 after buying an additional 606 shares during the period. Institutional investors own 77.64% of the company's stock.

DocuSign Stock Down 2.2%

DOCU stock traded down $1.92 during trading on Friday, reaching $84.61. The stock had a trading volume of 1,338,668 shares, compared to its average volume of 2,758,064. The company has a market capitalization of $17.13 billion, a price-to-earnings ratio of 17.45, 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. The company's 50 day moving average is $81.77 and its two-hundred day moving average is $85.59.

DocuSign (NASDAQ:DOCU - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $0.86 earnings per share 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 the consensus estimate of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The company's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. As a group, research analysts predict that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Bank of America dropped their target price on shares of DocuSign from $112.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Wedbush reissued a "neutral" rating and set a $100.00 price objective on shares of DocuSign in a research report on Friday, March 14th. Wells Fargo & Company reduced their target price on DocuSign from $73.00 to $65.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. raised DocuSign from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $70.00 to $75.00 in a research note on Monday, March 10th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $124.00 price target on shares of DocuSign in a report on Thursday, April 17th. One equities research 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, the stock has an average rating of "Hold" and an average target price of $92.46.

Insider Activity

In other DocuSign news, CFO Blake Jeffrey Grayson sold 16,111 shares of DocuSign 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 owns 93,960 shares of the company's stock, valued at approximately $7,817,472. The trade was a 14.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Teresa Briggs sold 534 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.41, for a total transaction of $46,676.94. Following the transaction, the director now directly owns 8,270 shares of the company's stock, valued at $722,880.70. This represents a 6.07% decrease in their ownership of the stock. 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 ninety days. 1.01% of the stock is currently 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.