Westwood Holdings Group Inc. Buys Shares of 22,905 DocuSign, Inc. (NASDAQ:DOCU)

Westwood Holdings Group Inc. purchased a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,905 shares of the company's stock, valued at approximately $2,060,000.

Several other large investors have also recently modified their holdings of DOCU. Kestra Investment Management LLC purchased a new position in DocuSign in the fourth quarter worth about $30,000. First Horizon Advisors Inc. grew its position in DocuSign by 102.6% during the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock valued at $36,000 after buying an additional 201 shares during the period. Bessemer Group Inc. increased its holdings in DocuSign by 490.0% during the fourth quarter. Bessemer Group Inc. now owns 472 shares of the company's stock valued at $42,000 after buying an additional 392 shares during the last quarter. Avion Wealth raised its position in DocuSign by 309.2% in the fourth quarter. Avion Wealth now owns 487 shares of the company's stock worth $43,000 after acquiring an additional 368 shares during the period. Finally, Avior Wealth Management LLC boosted its stake in shares of DocuSign by 36.5% during the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company's stock worth $49,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.

DocuSign Price Performance

Shares of DOCU traded down $1.92 during midday trading on Monday, hitting $84.61. The stock had a trading volume of 1,338,670 shares, compared to its average volume of 2,769,233. The stock's 50 day moving average is $81.76 and its 200 day moving average is $85.81. The firm has a market cap of $17.13 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 6.94 and a beta of 1.21. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86.

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

Wall Street Analyst Weigh In

A number of analysts have commented on DOCU shares. Robert W. Baird set a $93.00 price target on DocuSign in a research report on Friday, March 14th. Morgan Stanley reduced their price objective on shares of DocuSign from $97.00 to $92.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $90.00 target price on shares of DocuSign in a report on Friday, March 14th. JMP Securities reissued a "market outperform" rating and issued a $124.00 price target on shares of DocuSign in a report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their price objective on shares of DocuSign from $73.00 to $65.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. One equities research 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's stock. Based on data from MarketBeat.com, DocuSign has an average rating of "Hold" and an average price target of $92.46.

Insider Transactions at DocuSign

In related news, CFO Blake Jeffrey Grayson sold 16,111 shares of DocuSign stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $83.20, for a total transaction of $1,340,435.20. Following the completion of the sale, the chief financial officer now owns 93,960 shares in the company, valued at $7,817,472. This trade represents a 14.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Teresa Briggs sold 534 shares of the business's stock in a transaction dated Monday, March 17th. The shares were 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 approximately $722,880.70. This trade represents a 6.07% 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. 1.01% of the stock is currently owned by company insiders.

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.