DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 377,439 shares of the company's stock after buying an additional 51,789 shares during the quarter. Wells Fargo & Company MN owned 0.19% of DocuSign worth $33,947,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citizens Financial Group Inc. RI increased its position in shares of DocuSign by 2.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company's stock valued at $539,000 after buying an additional 133 shares during the period. Rakuten Securities Inc. grew its holdings in shares of DocuSign by 20.9% during the 4th quarter. Rakuten Securities Inc. now owns 797 shares of the company's stock worth $72,000 after acquiring an additional 138 shares during the period. Synergy Financial Group LTD raised its position in shares of DocuSign by 3.4% in the 4th quarter. Synergy Financial Group LTD now owns 4,241 shares of the company's stock worth $381,000 after acquiring an additional 140 shares in the last quarter. M&T Bank Corp lifted its stake in shares of DocuSign by 1.3% in the 4th quarter. M&T Bank Corp now owns 10,840 shares of the company's stock valued at $975,000 after purchasing an additional 143 shares during the period. Finally, Avior Wealth Management LLC grew its stake in DocuSign by 36.5% in 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. 77.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on DOCU. Needham & Company LLC reaffirmed a "hold" rating on shares of DocuSign in a research note on Friday, March 14th. Wedbush reissued a "neutral" rating and set a $100.00 price objective on shares of DocuSign in a report on Friday, March 14th. JMP Securities reissued a "market outperform" rating and issued a $124.00 target price on shares of DocuSign in a research report on Tuesday, January 7th. Royal Bank of Canada reissued a "sector perform" rating and set a $90.00 price objective on shares of DocuSign in a research report on Friday, March 14th. Finally, JPMorgan Chase & Co. raised shares of DocuSign from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $70.00 to $75.00 in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $93.85.

Insider Buying and Selling at DocuSign

In other news, Director Teresa Briggs sold 534 shares of the stock in a transaction 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the transaction, the chief financial officer now owns 77,851 shares of the company's stock, valued at $6,765,251.90. The trade was a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,851 shares of company stock valued at $3,998,719 in the last three months. 1.66% of the stock is owned by corporate insiders.

DocuSign Stock Performance

Shares of DOCU stock traded up $0.77 during trading hours on Wednesday, reaching $78.26. The company had a trading volume of 555,671 shares, compared to its average volume of 2,456,946. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 6.94 and a beta of 1.20. The stock has a fifty day moving average of $82.19 and a 200-day moving average of $82.95.

DocuSign (NASDAQ:DOCU - Get Free Report) last issued its 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 the consensus estimate of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. DocuSign's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 earnings per share. On average, analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current 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.