DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by RBF Capital LLC

RBF Capital LLC decreased its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 55.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,000 shares of the company's stock after selling 67,000 shares during the period. RBF Capital LLC's holdings in DocuSign were worth $4,767,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DOCU. FMR LLC lifted its position in 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 acquiring an additional 3,908,139 shares in the last quarter. American Century Companies Inc. raised its position in DocuSign by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,315,459 shares of the company's stock worth $478,072,000 after buying an additional 831,611 shares during the last quarter. Renaissance Technologies LLC lifted its stake in DocuSign by 4.9% during the 4th quarter. Renaissance Technologies LLC now owns 4,363,292 shares of the company's stock valued at $392,434,000 after acquiring an additional 205,304 shares during the period. Geode Capital Management LLC boosted its holdings in shares of DocuSign by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,732,363 shares of the company's stock valued at $335,147,000 after acquiring an additional 249,179 shares during the last quarter. Finally, Invesco Ltd. grew its position in DocuSign by 283.9% in the 4th quarter. Invesco Ltd. now owns 3,447,275 shares of the company's stock worth $310,048,000 after purchasing an additional 2,549,310 shares during the period. Hedge funds and other institutional investors own 77.64% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of DocuSign from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Bank of America cut their price objective on DocuSign from $112.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Citigroup lifted their price target on shares of DocuSign from $113.00 to $115.00 and gave the company a "buy" rating in a report on Friday, March 14th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $90.00 price target on shares of DocuSign in a research note on Friday, March 14th. Finally, Wedbush reaffirmed a "neutral" rating and set a $100.00 target price on shares of DocuSign in a research note on Friday, March 14th. One investment 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 MarketBeat.com, DocuSign currently has a consensus rating of "Hold" and an average price target of $92.46.

DocuSign Stock Performance

DocuSign stock traded down $1.17 during mid-day trading on Monday, reaching $81.64. 442,824 shares of the company were exchanged, compared to its average volume of 2,738,514. The firm has a market cap of $16.53 billion, a P/E ratio of 16.80, a PEG ratio of 6.94 and a beta of 1.20. The business has a fifty day moving average of $80.34 and a 200 day moving average of $83.78. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86.

DocuSign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $776.25 million for the quarter, compared to the consensus estimate of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The firm'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 earnings per share. Sell-side analysts predict that DocuSign, Inc. will post 1.17 EPS for the current year.

Insider Transactions at DocuSign

In related news, Director Teresa Briggs sold 534 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $87.41, for a total value of $46,676.94. Following the sale, the director now owns 8,270 shares in the company, valued at $722,880.70. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction that occurred on 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. This trade represents a 9.32 % decrease in their position. 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. Corporate insiders own 1.66% 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.