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

FinTrust Capital Advisors LLC lessened its stake in shares of DocuSign, Inc. (NASDAQ:DOCUFree Report) by 51.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,150 shares of the company’s stock after selling 6,491 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in DocuSign were worth $366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of DocuSign by 3.6% during the third quarter. Principal Financial Group Inc. now owns 25,027 shares of the company’s stock worth $1,051,000 after acquiring an additional 859 shares during the last quarter. Private Advisor Group LLC increased its position in shares of DocuSign by 36.0% during the third quarter. Private Advisor Group LLC now owns 15,897 shares of the company’s stock worth $668,000 after acquiring an additional 4,206 shares during the last quarter. Sigma Planning Corp increased its position in shares of DocuSign by 17.9% during the third quarter. Sigma Planning Corp now owns 5,311 shares of the company’s stock worth $223,000 after acquiring an additional 807 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of DocuSign by 11.6% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 83,660 shares of the company’s stock worth $3,514,000 after acquiring an additional 8,701 shares during the last quarter. Finally, Barclays PLC increased its position in shares of DocuSign by 17.7% during the third quarter. Barclays PLC now owns 358,581 shares of the company’s stock worth $15,061,000 after acquiring an additional 54,003 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DOCU shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $59.00 target price on shares of DocuSign in a research report on Friday, April 12th. JMP Securities reissued a “market outperform” rating and issued a $84.00 price objective on shares of DocuSign in a report on Friday, April 12th. Wells Fargo & Company lowered their price objective on DocuSign from $55.00 to $45.00 and set an “underweight” rating for the company in a report on Monday, February 5th. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a report on Friday, April 12th. Finally, UBS Group raised DocuSign from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $48.00 to $62.00 in a report on Friday, April 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.25.

Check Out Our Latest Research Report on DocuSign

DocuSign Stock Up 0.1 %

DOCU stock traded up $0.05 during midday trading on Friday, reaching $54.74. The company had a trading volume of 3,351,925 shares, compared to its average volume of 1,301,953. The stock has a 50 day moving average price of $58.28 and a 200 day moving average price of $55.82. DocuSign, Inc. has a fifty-two week low of $38.11 and a fifty-two week high of $64.76. The firm has a market capitalization of $11.24 billion, a PE ratio of 152.06, a P/E/G ratio of 4.73 and a beta of 0.88.

DocuSign (NASDAQ:DOCUGet Free Report) last issued its earnings results on Thursday, March 7th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. The company had revenue of $712.39 million during the quarter, compared to the consensus estimate of $698.05 million. Research analysts predict that DocuSign, Inc. will post 0.87 EPS for the current year.

Insider Transactions at DocuSign

In other news, CEO Allan C. Thygesen sold 8,086 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $56.16, for a total transaction of $454,109.76. Following the completion of the transaction, the chief executive officer now directly owns 99,546 shares in the company, valued at $5,590,503.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other DocuSign news, CEO Allan C. Thygesen sold 8,086 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $56.16, for a total value of $454,109.76. Following the completion of the sale, the chief executive officer now directly owns 99,546 shares in the company, valued at $5,590,503.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Blake Jeffrey Grayson sold 7,018 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $57.03, for a total value of $400,236.54. Following the completion of the sale, the chief financial officer now owns 21,051 shares of the company’s stock, valued at $1,200,538.53. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,512 shares of company stock worth $2,746,767. Company insiders own 1.66% of the company’s stock.

DocuSign Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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