Retireful LLC Sells 2,714 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Retireful LLC reduced its stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 16.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,510 shares of the company's stock after selling 2,714 shares during the quarter. Retireful LLC's holdings in DocuSign were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kestra Investment Management LLC bought a new position in DocuSign during the fourth quarter valued at 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. Wood Tarver Financial Group LLC purchased a new stake in shares of DocuSign during the 4th quarter worth approximately $37,000. McIlrath & Eck LLC boosted its position in shares of DocuSign by 476.0% during the 4th quarter. McIlrath & Eck LLC now owns 432 shares of the company's stock valued at $39,000 after acquiring an additional 357 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of DocuSign by 153.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 453 shares of the company's stock valued at $37,000 after purchasing an additional 274 shares in the last quarter. Institutional investors own 77.64% of the company's stock.

Insider Buying and Selling at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 16,111 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $83.20, for a total value of $1,340,435.20. Following the completion of the sale, the chief financial officer now directly owns 93,960 shares in the company, valued at approximately $7,817,472. This represents a 14.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $87.41, for a total value of $46,676.94. Following the completion of the sale, the director now 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 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 three months. Company insiders own 1.01% of the company's stock.

DocuSign Trading Down 19.0%

Shares of DOCU stock traded down $17.62 on Friday, reaching $75.28. 22,572,298 shares of the company's stock were exchanged, compared to its average volume of 2,876,887. The company's fifty day simple moving average is $82.23 and its 200 day simple moving average is $86.25. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The stock 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 (NASDAQ:DOCU - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.09. The business had revenue of $763.65 million during the quarter, compared to the consensus estimate of $748.79 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. As a group, sell-side analysts predict that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. 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 research report on Friday, April 11th. Morgan Stanley lowered their price target on shares of DocuSign from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Friday. UBS Group reduced their price objective on DocuSign from $85.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday. William Blair reaffirmed an "outperform" rating on shares of DocuSign in a research note on Monday, April 21st. Finally, Robert W. Baird dropped their target price on DocuSign from $93.00 to $85.00 and set a "neutral" rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $89.15.

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.