Morgens Waterfall Vintiadis & Co. Inc. Purchases New Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Morgens Waterfall Vintiadis & Co. Inc. acquired a new stake in DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 72,000 shares of the company's stock, valued at approximately $6,476,000. DocuSign comprises approximately 4.9% of Morgens Waterfall Vintiadis & Co. Inc.'s holdings, making the stock its 7th largest holding.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted 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 period. Invesco Ltd. lifted its stake in shares of DocuSign by 283.9% in the 4th quarter. Invesco Ltd. now owns 3,447,275 shares of the company's stock valued at $310,048,000 after purchasing an additional 2,549,310 shares during the period. Norges Bank acquired a new position in shares of DocuSign in the 4th quarter valued at $223,196,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of DocuSign by 201.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,158,311 shares of the company's stock valued at $194,118,000 after purchasing an additional 1,442,639 shares during the period. Finally, Jericho Capital Asset Management L.P. lifted 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 period. 77.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $87.41, for a total transaction of $46,676.94. Following the completion of the transaction, the director now owns 8,270 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction dated 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 of the company's stock, valued at $6,555,610.04. The trade was a 8.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,851 shares of company stock worth $3,912,239. Company insiders own 1.66% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DOCU shares. William Blair reissued an "outperform" rating on shares of DocuSign in a research note on Monday, April 21st. Hsbc Global Res raised DocuSign from a "moderate sell" rating to a "hold" rating in a research note on Friday, April 11th. Jefferies Financial Group dropped their price objective on DocuSign from $115.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Citigroup raised their price objective on DocuSign from $113.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, March 14th. Finally, Wells Fargo & Company dropped their price objective on DocuSign from $73.00 to $65.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $92.46.

DocuSign Trading Up 2.1%

Shares of NASDAQ DOCU traded up $1.87 during mid-day trading on Friday, hitting $92.42. The company had a trading volume of 2,010,367 shares, compared to its average volume of 2,753,903. The company has a market capitalization of $18.72 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 6.94 and a beta of 1.21. The firm has a 50-day simple moving average of $81.19 and a two-hundred day simple moving average of $85.09. 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 announced its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share 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%. DocuSign's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. Sell-side analysts expect that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal 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.