Siemens Fonds Invest GmbH Acquires Shares of 8,580 DocuSign, Inc. (NASDAQ:DOCU)

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

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in shares of DocuSign by 118.8% in the fourth quarter. Rhumbline Advisers now owns 608,123 shares of the company's stock valued at $54,695,000 after acquiring an additional 330,136 shares during the period. Jennison Associates LLC bought a new stake in DocuSign during the 4th quarter valued at $12,897,000. Principal Financial Group Inc. increased its position in DocuSign by 3,026.7% during the 4th quarter. Principal Financial Group Inc. now owns 546,796 shares of the company's stock valued at $49,179,000 after purchasing an additional 529,308 shares during the period. Amundi increased its position in DocuSign by 565.8% during the 4th quarter. Amundi now owns 1,379,575 shares of the company's stock valued at $123,486,000 after purchasing an additional 1,172,368 shares during the period. Finally, Oak Harvest Investment Services lifted its holdings in shares of DocuSign by 70.6% during the fourth quarter. Oak Harvest Investment Services now owns 18,770 shares of the company's stock valued at $1,688,000 after purchasing an additional 7,770 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of DocuSign from an "underweight" rating to a "neutral" rating and raised their price target for the company from $70.00 to $75.00 in a report on Monday, March 10th. William Blair reiterated an "outperform" rating on shares of DocuSign in a research report on Monday, April 21st. HSBC upgraded shares of DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 target price for the company in a report on Friday, April 11th. Wedbush reiterated a "neutral" rating and issued a $100.00 target price on shares of DocuSign in a research report on Friday, March 14th. Finally, Hsbc Global Res upgraded DocuSign from a "moderate sell" rating to a "hold" rating in a research report on Friday, April 11th. 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. According to MarketBeat, DocuSign currently has an average rating of "Hold" and a consensus price target of $92.46.

DocuSign Price Performance

Shares of DocuSign stock traded up $2.04 on Friday, hitting $87.75. 5,726,500 shares of the company's stock traded hands, compared to its average volume of 2,783,615. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86. The firm's 50-day moving average price is $81.62 and its two-hundred day moving average price is $85.92. The stock has a market capitalization of $17.77 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 6.94 and a beta of 1.21.

DocuSign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. The firm had revenue of $776.25 million for 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 business's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. On average, analysts forecast that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Robert Chatwani sold 15,706 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $83.19, for a total value of $1,306,582.14. Following the transaction, the insider now owns 76,842 shares in the company, valued at approximately $6,392,485.98. This represents a 16.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $76.09, for a total transaction of $608,720.00. Following the completion of the transaction, the chief financial officer now owns 86,156 shares in the company, valued at $6,555,610.04. The trade was a 8.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,851 shares of company stock worth $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.