Schwarz Dygos Wheeler Investment Advisors LLC Buys Shares of 6,657 DocuSign, Inc. (NASDAQ:DOCU)

Schwarz Dygos Wheeler Investment Advisors LLC purchased a new position in shares of DocuSign, Inc. (NASDAQ:DOCU) during the fourth quarter, Holdings Channel.com reports. The firm purchased 6,657 shares of the company’s stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOCU. AQR Capital Management LLC boosted its holdings in shares of DocuSign by 147.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,908,500 shares of the company’s stock worth $80,157,000 after buying an additional 1,136,948 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of DocuSign by 166.4% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,344,703 shares of the company’s stock worth $56,478,000 after buying an additional 839,883 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of DocuSign by 77.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,215,650 shares of the company’s stock worth $51,057,000 after purchasing an additional 531,682 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of DocuSign by 4,438.8% in the 4th quarter. International Assets Investment Management LLC now owns 521,912 shares of the company’s stock worth $31,028,000 after purchasing an additional 510,413 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of DocuSign by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 20,982,387 shares of the company’s stock worth $881,260,000 after purchasing an additional 482,472 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DOCU shares. Wells Fargo & Company cut their target price on DocuSign from $55.00 to $45.00 and set an “underweight” rating on the stock in a report on Monday, February 5th. JMP Securities reiterated a “market outperform” rating and issued a $84.00 target price on shares of DocuSign in a report on Friday, April 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $59.00 target price on shares of DocuSign in a report on Friday, April 12th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a report on Friday, April 12th. Finally, Morgan Stanley upgraded DocuSign from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $49.00 to $64.00 in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.25.

DocuSign Price Performance

DOCU stock traded down $0.15 during mid-day trading on Friday, reaching $57.20. 1,117,148 shares of the company traded hands, compared to its average volume of 1,479,879. The company has a market capitalization of $11.75 billion, a P/E ratio of 158.89, a P/E/G ratio of 4.96 and a beta of 0.89. DocuSign, Inc. has a 52-week low of $38.11 and a 52-week high of $64.76. The company has a fifty day moving average price of $56.49 and a 200-day moving average price of $52.65.

DocuSign (NASDAQ:DOCU) last posted its earnings results on Thursday, March 7th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $712.39 million during the quarter, compared to analyst estimates of $698.05 million. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. As a group, analysts forecast that DocuSign, Inc. will post 0.87 EPS for the current year.

Insider Buying and Selling at DocuSign

In other DocuSign news, CEO Allan C. Thygesen sold 7,680 shares of DocuSign stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $61.27, for a total transaction of $470,553.60. Following the completion of the transaction, the chief executive officer now owns 111,767 shares of the company’s stock, valued at approximately $6,847,964.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Allan C. Thygesen sold 7,680 shares of DocuSign stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $61.27, for a total transaction of $470,553.60. Following the completion of the sale, the chief executive officer now owns 111,767 shares in the company, valued at approximately $6,847,964.09. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen Shute sold 15,109 shares of DocuSign stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $57.02, for a total value of $861,515.18. Following the sale, the insider now owns 8,959 shares of the company’s stock, valued at approximately $510,842.18. The disclosure for this sale can be found here. Insiders sold 54,871 shares of company stock valued at $3,176,199 in the last quarter. 17.80% of the stock is currently owned by corporate insiders.

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.