Natixis Boosts Stock Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Natixis lifted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 3,691.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,607 shares of the company's stock after purchasing an additional 100,874 shares during the quarter. Natixis owned about 0.05% of DocuSign worth $9,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in DocuSign by 118.8% during the 4th quarter. Rhumbline Advisers now owns 608,123 shares of the company's stock valued at $54,695,000 after buying an additional 330,136 shares during the period. KBC Group NV raised its holdings in shares of DocuSign by 32.7% during the fourth quarter. KBC Group NV now owns 1,535,107 shares of the company's stock valued at $138,067,000 after acquiring an additional 378,233 shares during the period. Jennison Associates LLC purchased a new stake in shares of DocuSign in the fourth quarter valued at $12,897,000. Everence Capital Management Inc. purchased a new position in DocuSign during the 4th quarter valued at about $720,000. Finally, Principal Financial Group Inc. lifted its position in DocuSign by 3,026.7% in the 4th quarter. Principal Financial Group Inc. now owns 546,796 shares of the company's stock worth $49,179,000 after buying an additional 529,308 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

DocuSign Trading Up 1.4 %

DocuSign stock traded up $1.14 during mid-day trading on Friday, reaching $82.81. The company had a trading volume of 1,051,319 shares, compared to its average volume of 2,741,011. The company has a market cap of $16.77 billion, a P/E ratio of 17.07, a P/E/G ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86. The business has a fifty day simple moving average of $80.34 and a 200 day simple moving average of $83.58.

DocuSign (NASDAQ:DOCU - Get Free Report) last released its 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 business had revenue of $776.25 million during the quarter, compared to the consensus estimate of $760.94 million. During the same quarter in the prior year, the firm posted $0.76 EPS. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. Research analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on DOCU shares. HSBC upgraded DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 price target on the stock in a report on Friday, April 11th. Citigroup increased their target price on shares of DocuSign from $113.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, March 14th. Jefferies Financial Group reduced their price target on DocuSign from $115.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, March 31st. JMP Securities reissued a "market outperform" rating and issued a $124.00 price objective on shares of DocuSign in a research report on Thursday, April 17th. Finally, Needham & Company LLC reissued a "hold" rating on shares of DocuSign in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $92.46.

Insider Buying and Selling at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $86.90, for a total transaction of $695,200.00. Following the completion of the transaction, the chief financial officer now owns 77,851 shares in the company, valued at approximately $6,765,251.90. The trade was a 9.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Teresa Briggs sold 534 shares of the firm's stock in a transaction 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 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 55,851 shares of company stock valued at $4,607,439. 1.66% of the stock is currently owned by company insiders.

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.