Daiwa Securities Group Inc. Sells 9,073 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Daiwa Securities Group Inc. lessened its stake in DocuSign, Inc. (NASDAQ:DOCU) by 37.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,872 shares of the company’s stock after selling 9,073 shares during the quarter. Daiwa Securities Group Inc.’s holdings in DocuSign were worth $884,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in shares of DocuSign by 147.4% in the third quarter. AQR Capital Management LLC now owns 1,908,500 shares of the company’s stock worth $80,157,000 after acquiring an additional 1,136,948 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of DocuSign by 166.4% in the third quarter. Jupiter Asset Management Ltd. now owns 1,344,703 shares of the company’s stock worth $56,478,000 after acquiring an additional 839,883 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of DocuSign by 77.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,215,650 shares of the company’s stock worth $51,057,000 after acquiring an additional 531,682 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of DocuSign by 4,438.8% in the fourth quarter. International Assets Investment Management LLC now owns 521,912 shares of the company’s stock worth $31,028,000 after acquiring an additional 510,413 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of DocuSign by 2.4% in the third quarter. Vanguard Group Inc. now owns 20,982,387 shares of the company’s stock worth $881,260,000 after acquiring an additional 482,472 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Insider Transactions at DocuSign

In other news, Director Teresa Briggs sold 499 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $52.99, for a total transaction of $26,442.01. Following the transaction, the director now owns 6,169 shares in the company, valued at $326,895.31. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Stephen Shute sold 15,109 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $57.02, for a total transaction of $861,515.18. Following the transaction, the insider now owns 8,959 shares in the company, valued at $510,842.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Teresa Briggs sold 499 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $52.99, for a total value of $26,442.01. Following the transaction, the director now owns 6,169 shares in the company, valued at approximately $326,895.31. 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. Company insiders own 17.80% of the company’s stock.

DocuSign Stock Up 1.0 %

DOCU opened at $57.29 on Thursday. DocuSign, Inc. has a 12-month low of $38.11 and a 12-month high of $64.76. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 159.14, a PEG ratio of 4.88 and a beta of 0.89. The business has a 50 day moving average of $56.23 and a 200-day moving average of $52.51.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $712.39 million during the quarter, compared to analysts’ expectations of $698.05 million. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. As a group, analysts expect that DocuSign, Inc. will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DOCU shares. JMP Securities restated a “market outperform” rating and issued a $84.00 price target on shares of DocuSign in a report on Friday, April 12th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a report on Friday, April 12th. UBS Group upgraded DocuSign from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $48.00 to $62.00 in a report on Friday, April 12th. Wells Fargo & Company decreased 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $59.00 price objective on shares of DocuSign in a report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, DocuSign currently has an average rating of “Hold” and a consensus target price of $60.25.

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.