Jump Financial LLC Invests $669,000 in DocuSign, Inc. (NASDAQ:DOCU)

Jump Financial LLC bought a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,434 shares of the company's stock, valued at approximately $669,000.

Other large investors have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in DocuSign during the 4th quarter valued at $30,000. Modus Advisors LLC purchased a new stake in shares of DocuSign in the fourth quarter valued at $36,000. First Horizon Advisors Inc. increased its stake in DocuSign by 102.6% in the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock valued at $36,000 after purchasing an additional 201 shares during the last quarter. Bessemer Group Inc. boosted its stake in DocuSign by 490.0% in the 4th quarter. Bessemer Group Inc. now owns 472 shares of the company's stock worth $42,000 after buying an additional 392 shares during the last quarter. Finally, Avion Wealth grew its holdings in DocuSign by 309.2% in the 4th quarter. Avion Wealth now owns 487 shares of the company's stock valued at $43,000 after buying an additional 368 shares during the period. Institutional investors and hedge funds own 77.64% of the company's stock.

Insider Activity at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $86.90, for a total value of $695,200.00. Following the sale, the chief financial officer now directly owns 77,851 shares of the company's stock, valued at $6,765,251.90. This trade represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Teresa Briggs sold 534 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $87.41, for a total value of $46,676.94. Following the completion of the sale, the director now directly owns 8,270 shares in the company, valued at $722,880.70. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,851 shares of company stock valued at $4,607,439. Corporate insiders own 1.66% of the company's stock.

DocuSign Stock Down 0.9 %

Shares of DocuSign stock traded down $0.78 on Monday, hitting $82.03. 1,316,716 shares of the company's stock traded hands, compared to its average volume of 2,741,810. The stock has a market cap of $16.61 billion, a P/E ratio of 16.91, a PEG ratio of 6.94 and a beta of 1.20. The firm's 50-day moving average is $80.25 and its 200 day moving average is $83.87. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on DOCU. Royal Bank of Canada restated a "sector perform" rating and issued a $90.00 price target on shares of DocuSign in a report on Friday, March 14th. JMP Securities restated a "market outperform" rating and issued a $124.00 price target on shares of DocuSign in a report on Thursday, April 17th. Wedbush restated a "neutral" rating and issued a $100.00 price target on shares of DocuSign in a report on Friday, March 14th. Robert W. Baird set a $93.00 price target on DocuSign in a report on Friday, March 14th. Finally, Wells Fargo & Company lowered their price target on DocuSign from $73.00 to $65.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, DocuSign has an average rating of "Hold" and a consensus target price of $92.46.

About DocuSign

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.