Allworth Financial LP Has $109,000 Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

Allworth Financial LP raised its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 283.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,833 shares of the company’s stock after buying an additional 1,355 shares during the quarter. Allworth Financial LP’s holdings in DocuSign were worth $109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of DocuSign by 1.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,965 shares of the company’s stock worth $514,000 after purchasing an additional 164 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of DocuSign by 3.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 5,009 shares of the company’s stock worth $278,000 after purchasing an additional 182 shares during the period. Utah Retirement Systems grew its stake in shares of DocuSign by 0.6% during the second quarter. Utah Retirement Systems now owns 34,587 shares of the company’s stock worth $1,984,000 after purchasing an additional 200 shares during the period. Whittier Trust Co. grew its stake in shares of DocuSign by 28.8% during the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock worth $56,000 after purchasing an additional 209 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of DocuSign by 440.0% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 270 shares of the company’s stock worth $28,000 after purchasing an additional 220 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analyst Ratings Changes

DOCU has been the subject of a number of analyst reports. UBS Group raised DocuSign from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $48.00 to $62.00 in a research note on Friday. JMP Securities reissued a “market outperform” rating and issued a $84.00 target price on shares of DocuSign in a research note on Friday. Morgan Stanley raised DocuSign from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $49.00 to $64.00 in a research note on Tuesday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $59.00 target price on shares of DocuSign in a research note on Friday. Finally, Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research note on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $60.25.

DocuSign Price Performance

Shares of DocuSign stock opened at $58.90 on Friday. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 163.62, a price-to-earnings-growth ratio of 5.18 and a beta of 0.89. The stock’s 50-day moving average is $55.37 and its 200-day moving average is $51.59. DocuSign, Inc. has a one year low of $38.11 and a one year high of $64.76.

DocuSign (NASDAQ:DOCU) last released its earnings results on Thursday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. The business had revenue of $712.39 million for the quarter, compared to analyst estimates of $698.05 million. On average, equities analysts expect that DocuSign, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling

In related news, Director Peter Solvik sold 15,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $60.00, for a total transaction of $900,000.00. Following the sale, the director now owns 783 shares in the company, valued at $46,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other DocuSign news, CEO Allan C. Thygesen sold 7,680 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $61.27, for a total transaction of $470,553.60. Following the transaction, the chief executive officer now owns 111,767 shares of the company’s stock, valued at $6,847,964.09. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Peter Solvik sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $60.00, for a total value of $900,000.00. Following the transaction, the director now directly owns 783 shares in the company, valued at approximately $46,980. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,871 shares of company stock worth $3,176,199. Corporate insiders own 17.80% of the company’s stock.

DocuSign Company Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides DocuSign 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; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.