MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 131,011 shares of the company's stock after purchasing an additional 14,372 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of DocuSign worth $11,786,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Kestra Investment Management LLC bought a new position in DocuSign during the fourth quarter worth $30,000. First Horizon Advisors Inc. raised its holdings in shares of 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 purchasing an additional 201 shares during the period. Bessemer Group Inc. boosted its position in shares of DocuSign by 490.0% during the 4th quarter. Bessemer Group Inc. now owns 472 shares of the company's stock worth $42,000 after purchasing an additional 392 shares in the last quarter. Avion Wealth boosted its position in shares of DocuSign by 309.2% during the 4th quarter. Avion Wealth now owns 487 shares of the company's stock worth $43,000 after purchasing an additional 368 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position 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 purchasing an additional 145 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DOCU. JPMorgan Chase & Co. raised DocuSign from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $70.00 to $75.00 in a research report on Monday, March 10th. HSBC raised 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 decreased their target price on DocuSign from $115.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of DocuSign in a research report on Thursday, April 17th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $100.00 target price on shares of DocuSign in a research report on Friday, March 14th. One equities research 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 company presently has an average rating of "Hold" and a consensus target price of $92.46.

Insider Transactions at DocuSign

In related news, CFO Blake Jeffrey Grayson sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $76.09, for a total value of $608,720.00. Following the transaction, the chief financial officer now owns 86,156 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. 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 owns 76,842 shares in the company, valued at approximately $6,392,485.98. The trade was a 16.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,851 shares of company stock worth $3,912,239 in the last 90 days. Insiders own 1.01% of the company's stock.

DocuSign Price Performance

Shares of NASDAQ DOCU traded down $1.58 during midday trading on Tuesday, reaching $89.73. The company's stock had a trading volume of 2,052,729 shares, compared to its average volume of 2,754,426. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86. The firm has a 50 day moving average price of $81.41 and a 200-day moving average price of $85.45. The stock has a market capitalization of $18.17 billion, a P/E ratio of 18.50, a PEG ratio of 6.94 and a beta of 1.21.

DocuSign (NASDAQ:DOCU - Get Free Report) last announced its earnings results 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. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The firm had revenue of $776.25 million for the quarter, compared to the consensus estimate of $760.94 million. During the same quarter in the previous year, the business earned $0.76 EPS. The company's revenue was up 9.0% compared to the same quarter last year. On average, equities analysts predict 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.