DocuSign, Inc. (NASDAQ:DOCU) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 1,054.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 386,680 shares of the company's stock after acquiring an additional 353,172 shares during the quarter. Wellington Management Group LLP owned approximately 0.19% of DocuSign worth $34,778,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI raised its position in shares of DocuSign by 2.3% in the fourth 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 last quarter. Rakuten Securities Inc. raised 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 acquiring an additional 138 shares during the last quarter. Synergy Financial Group LTD raised 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 acquiring an additional 140 shares during the last quarter. M&T Bank Corp increased its stake in shares of DocuSign by 1.3% during the 4th quarter. M&T Bank Corp now owns 10,840 shares of the company's stock valued at $975,000 after acquiring an additional 143 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of DocuSign by 34.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 557 shares of the company's stock valued at $50,000 after acquiring an additional 143 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

Analyst Upgrades and Downgrades

DOCU has been the subject of several research analyst reports. Morgan Stanley dropped their price target on shares of DocuSign from $97.00 to $92.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. HSBC upgraded DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 price target for the company in a research note on Friday, April 11th. Royal Bank of Canada reissued a "sector perform" rating and set a $90.00 target price on shares of DocuSign in a research report on Friday, March 14th. Hsbc Global Res raised shares of DocuSign from a "moderate sell" rating to a "hold" rating in a research report on Friday, April 11th. Finally, JMP Securities reissued a "market outperform" rating and issued a $124.00 price objective on shares of DocuSign in a research report on Tuesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $92.46.

DocuSign Trading Up 2.7%

NASDAQ DOCU traded up $2.41 during mid-day trading on Tuesday, reaching $91.61. 2,834,371 shares of the company's stock traded hands, compared to its average volume of 2,778,668. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86. The company has a fifty day simple moving average of $81.67 and a 200-day simple moving average of $86.06. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 6.94 and a beta of 1.21.

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

Insider Buying and Selling at DocuSign

In related news, CFO Blake Jeffrey Grayson sold 8,000 shares of the company's stock in a transaction dated 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 owns 86,156 shares of the company's stock, valued at $6,555,610.04. This represents a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Teresa Briggs sold 534 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $87.41, for a total transaction of $46,676.94. Following the completion of the sale, the director now directly owns 8,270 shares of the company's stock, valued at $722,880.70. The trade was a 6.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,851 shares of company stock worth $3,912,239 over the last ninety days. Company insiders own 1.01% of the company's stock.

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.