22,905 Shares in DocuSign, Inc. (NASDAQ:DOCU) Bought by Westwood Holdings Group Inc.

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOCU. FMR LLC boosted its stake in shares of DocuSign by 178.2% in the 4th quarter. FMR LLC now owns 6,101,024 shares of the company's stock valued at $548,726,000 after purchasing an additional 3,908,139 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of DocuSign by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,315,459 shares of the company's stock valued at $478,072,000 after purchasing an additional 831,611 shares during the last quarter. Jericho Capital Asset Management L.P. boosted its stake in shares of DocuSign by 34.0% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 4,754,753 shares of the company's stock valued at $427,642,000 after purchasing an additional 1,205,500 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of DocuSign by 4.9% in the 4th quarter. Renaissance Technologies LLC now owns 4,363,292 shares of the company's stock valued at $392,434,000 after purchasing an additional 205,304 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of DocuSign by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 3,732,363 shares of the company's stock valued at $335,147,000 after purchasing an additional 249,179 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

DocuSign Price Performance

DOCU traded down $1.92 during trading on Friday, reaching $84.61. The company had a trading volume of 1,338,670 shares, compared to its average volume of 2,763,988. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The business's fifty day moving average price is $81.76 and its 200 day moving average price is $85.68. The company has a market cap of $17.13 billion, a P/E ratio of 17.45, a PEG ratio of 6.94 and a beta of 1.21.

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 firm had revenue of $776.25 million for the quarter, compared to analyst estimates of $760.94 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The business's revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts predict that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity

In other news, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.41, for a total value of $46,676.94. Following the sale, the director now directly owns 8,270 shares in the company, valued at $722,880.70. This trade represents a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Blake Jeffrey Grayson sold 16,111 shares of DocuSign stock in a transaction that occurred on 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 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 over the last ninety days. Insiders own 1.01% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DOCU. Needham & Company LLC reaffirmed a "hold" rating on shares of DocuSign in a research note on Thursday, April 17th. Wedbush reissued a "neutral" rating and set a $100.00 price objective on shares of DocuSign in a research note 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 on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group reduced their price objective 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. Finally, Bank of America reduced their price objective on shares of DocuSign from $112.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $92.46.

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.