75,638 Shares in DocuSign, Inc. (NASDAQ:DOCU) Bought by Polar Capital Holdings Plc

Polar Capital Holdings Plc bought a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 75,638 shares of the company's stock, valued at approximately $6,803,000.

Several other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in DocuSign by 178.2% during the fourth quarter. FMR LLC now owns 6,101,024 shares of the company's stock valued at $548,726,000 after buying an additional 3,908,139 shares during the period. Invesco Ltd. grew its stake in DocuSign by 283.9% during the 4th quarter. Invesco Ltd. now owns 3,447,275 shares of the company's stock valued at $310,048,000 after acquiring an additional 2,549,310 shares in the last quarter. Norges Bank acquired a new position in shares of DocuSign in the 4th quarter valued at about $223,196,000. Arrowstreet Capital Limited Partnership lifted its position in shares of DocuSign by 201.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,158,311 shares of the company's stock worth $194,118,000 after purchasing an additional 1,442,639 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. lifted its position in shares of DocuSign by 34.0% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 4,754,753 shares of the company's stock worth $427,642,000 after purchasing an additional 1,205,500 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

DocuSign Stock Down 1.2%

Shares of NASDAQ:DOCU traded down $1.11 during trading on Monday, reaching $91.31. The stock had a trading volume of 1,507,051 shares, compared to its average volume of 2,757,230. The stock has a fifty day simple moving average of $81.19 and a two-hundred day simple moving average of $85.31. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 6.94 and a beta of 1.21.

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

Analyst Upgrades and Downgrades

DOCU has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of DocuSign in a research report on Thursday, April 17th. Wedbush reissued a "neutral" rating and set a $100.00 target price on shares of DocuSign in a research note on Friday, March 14th. Robert W. Baird set a $93.00 price target on shares of DocuSign in a report on Friday, March 14th. HSBC upgraded DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 price objective for the company in a report on Friday, April 11th. Finally, Morgan Stanley reduced their price objective on DocuSign from $97.00 to $92.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $92.46.

Insider Transactions at DocuSign

In other DocuSign news, insider Robert Chatwani sold 15,706 shares of the stock in a transaction 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 sale, the insider now directly owns 76,842 shares of the company's stock, valued at $6,392,485.98. This represents a 16.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $76.09, for a total transaction 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. The trade was a 8.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,851 shares of company stock worth $3,912,239. Company insiders own 1.01% of the company's stock.

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.