Total Wealth Planning & Management Inc. Purchases Shares of 3,472 DocuSign, Inc. (NASDAQ:DOCU)

Total Wealth Planning & Management Inc. purchased a new stake in DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,472 shares of the company's stock, valued at approximately $312,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Citizens Financial Group Inc. RI increased its holdings in DocuSign by 2.3% in the 4th quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company's stock valued at $539,000 after buying an additional 133 shares during the period. Rakuten Securities Inc. increased its holdings in DocuSign by 20.9% in the 4th quarter. Rakuten Securities Inc. now owns 797 shares of the company's stock valued at $72,000 after buying an additional 138 shares during the period. Synergy Financial Group LTD increased its holdings in DocuSign by 3.4% in the 4th quarter. Synergy Financial Group LTD now owns 4,241 shares of the company's stock valued at $381,000 after buying an additional 140 shares during the period. M&T Bank Corp increased its holdings in DocuSign by 1.3% in the 4th quarter. M&T Bank Corp now owns 10,840 shares of the company's stock valued at $975,000 after buying an additional 143 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of DocuSign by 34.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 557 shares of the company's stock valued at $50,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 77.64% of the company's stock.

Analyst Upgrades and Downgrades

DOCU has been the topic of several recent analyst reports. UBS Group reduced their target price on shares of DocuSign from $90.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Jefferies Financial Group reduced their target price on shares of DocuSign from $115.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Wedbush restated a "neutral" rating and issued a $100.00 target price on shares of DocuSign in a research note on Friday, March 14th. Citigroup boosted their target price on shares of DocuSign from $113.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Finally, JPMorgan Chase & Co. upgraded shares of DocuSign from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $70.00 to $75.00 in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, DocuSign currently has an average rating of "Hold" and an average price target of $92.46.

DocuSign Trading Up 2.4%

Shares of NASDAQ:DOCU traded up $2.04 during mid-day trading on Friday, reaching $87.75. The stock had a trading volume of 5,726,500 shares, compared to its average volume of 2,783,615. The firm has a market cap 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. The firm has a 50 day simple moving average of $81.62 and a two-hundred day simple moving average of $85.92. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86.

DocuSign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.02. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The business had revenue of $776.25 million for the quarter, compared to the consensus estimate of $760.94 million. During the same period last year, the company posted $0.76 EPS. DocuSign's revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider James P. Shaughnessy sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total transaction of $609,825.00. Following the completion of the transaction, the insider now directly owns 45,875 shares of the company's stock, valued at $3,730,096.25. This trade represents a 14.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $76.09, for a total value of $608,720.00. Following the completion of the sale, the chief financial officer now directly owns 86,156 shares of the company's stock, valued at approximately $6,555,610.04. The trade was a 8.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 47,851 shares of company stock valued at $3,912,239. 1.01% of the stock is owned by corporate 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.