Rathbones Group PLC Increases Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Rathbones Group PLC increased its holdings in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 9.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,082 shares of the company's stock after buying an additional 3,928 shares during the period. Rathbones Group PLC's holdings in DocuSign were worth $3,965,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Kestra Investment Management LLC purchased a new stake in shares of DocuSign in the 4th quarter valued at about $30,000. Modus Advisors LLC bought a new position in shares of DocuSign in the fourth quarter worth approximately $36,000. First Horizon Advisors Inc. raised its stake in DocuSign by 102.6% in 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 in the last quarter. Avion Wealth lifted its position in DocuSign by 309.2% during the fourth quarter. Avion Wealth now owns 487 shares of the company's stock valued at $43,000 after purchasing an additional 368 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in DocuSign by 36.5% in the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company's stock worth $49,000 after buying an additional 145 shares in the last quarter. Institutional investors own 77.64% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on DOCU shares. JMP Securities restated a "market outperform" rating and set a $124.00 price objective on shares of DocuSign in a research report on Tuesday, January 7th. Citigroup raised their price target on DocuSign from $113.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, March 14th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $90.00 price objective on shares of DocuSign in a report on Friday, March 14th. UBS Group decreased their price objective on DocuSign from $100.00 to $90.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of DocuSign in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $93.85.

Insider Activity at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 16,111 shares of DocuSign stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $83.20, for a total transaction of $1,340,435.20. Following the sale, the chief financial officer now directly owns 93,960 shares of the company's stock, valued at approximately $7,817,472. The trade was a 14.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James P. Shaughnessy sold 7,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $81.31, for a total value of $609,825.00. Following the completion of the transaction, the insider now directly owns 45,875 shares of the company's stock, valued at $3,730,096.25. This represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,851 shares of company stock worth $3,998,719 over the last quarter. 1.66% of the stock is owned by corporate insiders.

DocuSign Price Performance

DOCU traded up $1.13 during trading on Friday, hitting $74.35. 2,008,138 shares of the stock traded hands, compared to its average volume of 2,728,131. The firm has a market capitalization of $15.06 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 6.94 and a beta of 1.20. 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 of $82.95 and a 200 day moving average of $82.90.

DocuSign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.86 EPS for the quarter, beating 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 firm had revenue of $776.25 million during the quarter, compared to the consensus estimate of $760.94 million. During the same period in the prior year, the firm posted $0.76 earnings per share. The company's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts predict that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

About DocuSign

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.