Shelton Capital Management Purchases New Shares in DocuSign, Inc. (NASDAQ:DOCU)

Shelton Capital Management acquired a new position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,588 shares of the company's stock, valued at approximately $682,000.

A number of other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new position in shares of DocuSign during the fourth quarter worth $30,000. First Horizon Advisors Inc. lifted its holdings in DocuSign by 102.6% during the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock worth $36,000 after acquiring an additional 201 shares in the last quarter. Modus Advisors LLC acquired a new position in DocuSign in the fourth quarter valued at about $36,000. Avion Wealth increased its holdings in shares of DocuSign by 309.2% in the fourth quarter. Avion Wealth now owns 487 shares of the company's stock worth $43,000 after acquiring an additional 368 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of DocuSign by 36.5% during the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company's stock worth $49,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 77.64% of the company's stock.

Insider Transactions 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 value of $1,340,435.20. Following the completion of the sale, the chief financial officer now directly owns 93,960 shares in the company, valued at approximately $7,817,472. The trade was a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction on Monday, March 17th. The shares were sold at an average price of $87.41, for a total transaction of $46,676.94. Following the completion of the sale, the director now directly owns 8,270 shares of the company's stock, 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. Insiders sold a total of 47,851 shares of company stock worth $3,998,719 over the last three months. 1.66% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company increased their target price on DocuSign from $70.00 to $73.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. UBS Group lowered their price objective on shares of DocuSign from $100.00 to $90.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Wedbush reaffirmed a "neutral" rating and issued a $100.00 target price on shares of DocuSign in a research note on Friday, March 14th. Royal Bank of Canada reissued a "sector perform" rating and issued a $90.00 price target on shares of DocuSign in a research note on Friday, March 14th. Finally, William Blair raised DocuSign from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $93.85.

DocuSign Price Performance

NASDAQ DOCU traded up $1.11 during trading hours on Tuesday, reaching $76.37. The company's stock had a trading volume of 634,027 shares, compared to its average volume of 2,458,651. The firm has a fifty day simple moving average of $82.52 and a 200-day simple moving average of $82.99. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The stock has a market cap of $15.46 billion, a P/E ratio of 15.75, a P/E/G ratio of 6.94 and a beta of 1.20.

DocuSign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.02. The company 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 quarter in the previous year, the business earned $0.76 earnings per share. On average, research analysts expect that DocuSign, Inc. will post 1.17 earnings per share for the current year.

DocuSign 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.