Total Wealth Planning & Management Inc. Makes New Investment in DocuSign, Inc. (NASDAQ:DOCU)

Total Wealth Planning & Management Inc. acquired a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,472 shares of the company's stock, valued at approximately $312,000.

Several other institutional investors have also recently modified their holdings of DOCU. Nisa Investment Advisors LLC increased its position in shares of DocuSign by 16.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 28,138 shares of the company's stock valued at $2,531,000 after purchasing an additional 3,935 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of DocuSign by 34.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 38,805 shares of the company's stock valued at $3,490,000 after purchasing an additional 9,859 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in DocuSign by 36.5% during the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company's stock valued at $49,000 after acquiring an additional 145 shares during the period. Exchange Traded Concepts LLC boosted its holdings in DocuSign by 6.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,105 shares of the company's stock valued at $369,000 after acquiring an additional 256 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in DocuSign by 7,246.7% during the 4th quarter. Fifth Third Bancorp now owns 1,102 shares of the company's stock valued at $99,000 after acquiring an additional 1,087 shares during the period. 77.64% of the stock is currently 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 stock was sold at an average price of $87.41, for a total value of $46,676.94. Following the transaction, the director now directly owns 8,270 shares in the company, valued at $722,880.70. The trade was a 6.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Blake Jeffrey Grayson sold 16,111 shares of the business's 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 completion of the transaction, the chief financial officer now owns 93,960 shares in the company, valued at $7,817,472. The trade was a 14.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,851 shares of company stock worth $3,912,239. Corporate insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

DOCU has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded DocuSign from an "underweight" rating to a "neutral" rating and increased their target price for the company from $70.00 to $75.00 in a report on Monday, March 10th. JMP Securities restated a "market outperform" rating and set a $124.00 target price on shares of DocuSign in a report on Thursday, April 17th. Needham & Company LLC restated a "hold" rating on shares of DocuSign in a research note on Thursday, April 17th. Citigroup raised their target price on DocuSign from $113.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Finally, Robert W. Baird set a $93.00 target price on DocuSign in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $92.46.

DocuSign Price Performance

Shares of DOCU traded down $0.12 during trading hours on Thursday, hitting $85.71. The stock had a trading volume of 1,714,558 shares, compared to its average volume of 2,770,037. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The firm has a market capitalization of $17.36 billion, a PE ratio of 17.67, a PEG ratio of 6.94 and a beta of 1.21. The stock has a fifty day moving average price of $81.72 and a 200 day moving average price of $85.85.

DocuSign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $776.25 million during the quarter, compared to analyst estimates of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. DocuSign's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. As a group, analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

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.