Laird Norton Wetherby Wealth Management LLC Takes $263,000 Position in DocuSign, Inc. (NASDAQ:DOCU)

Laird Norton Wetherby Wealth Management LLC purchased a new position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,929 shares of the company's stock, valued at approximately $263,000.

Several other hedge funds also recently modified their holdings of the stock. Janus Henderson Group PLC lifted its holdings in shares of DocuSign by 13.1% in the 4th quarter. Janus Henderson Group PLC now owns 13,691 shares of the company's stock worth $1,231,000 after purchasing an additional 1,581 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of DocuSign by 19.8% during the fourth quarter. Focus Partners Wealth now owns 11,063 shares of the company's stock valued at $995,000 after buying an additional 1,829 shares during the last quarter. Ethic Inc. bought a new stake in shares of DocuSign during the fourth quarter worth about $341,000. Clark Capital Management Group Inc. raised its holdings in shares of DocuSign by 52.6% in the 4th quarter. Clark Capital Management Group Inc. now owns 678,466 shares of the company's stock worth $61,021,000 after acquiring an additional 233,911 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of DocuSign by 26.3% in the 4th quarter. Deutsche Bank AG now owns 546,078 shares of the company's stock worth $49,114,000 after acquiring an additional 113,608 shares during the last quarter. Institutional investors own 77.64% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DOCU. Needham & Company LLC reiterated a "hold" rating on shares of DocuSign in a report on Thursday, April 17th. Wells Fargo & Company decreased their target price on shares of DocuSign from $73.00 to $65.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. HSBC upgraded shares of DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 target price for the company in a research report on Friday, April 11th. 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 report on Monday, March 31st. Finally, JMP Securities restated a "market outperform" rating and set a $124.00 price target on shares of DocuSign in a research report on Thursday, April 17th. 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $92.46.

Insider Activity at DocuSign

In related 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 sale, the insider now owns 45,875 shares of the company's stock, valued at $3,730,096.25. This trade represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Chatwani sold 15,706 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $83.19, for a total value of $1,306,582.14. Following the completion of the transaction, the insider now directly owns 76,842 shares in the company, valued at $6,392,485.98. This trade represents a 16.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,851 shares of company stock valued at $3,912,239 in the last 90 days. Corporate insiders own 1.01% of the company's stock.

DocuSign Trading Down 1.7%

NASDAQ DOCU traded down $1.58 during trading on Tuesday, hitting $89.73. The company had a trading volume of 2,052,729 shares, compared to its average volume of 2,754,426. The company's fifty day moving average is $81.41 and its 200-day moving average is $85.45. The company has a market cap of $18.17 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 6.94 and a beta of 1.21. DocuSign, Inc. has a one year low of $48.70 and a one 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 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $760.94 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. DocuSign's quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current year.

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.