DocuSign, Inc. (NASDAQ:DOCU) Shares Purchased by US Bancorp DE

US Bancorp DE grew its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 12.6% in the third quarter, HoldingsChannel reports. The fund owned 3,561 shares of the company’s stock after buying an additional 398 shares during the quarter. US Bancorp DE’s holdings in DocuSign were worth $221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DOCU. Inspire Investing LLC purchased a new stake in DocuSign in the third quarter valued at approximately $911,000. Comerica Bank grew its stake in shares of DocuSign by 228.8% during the 1st quarter. Comerica Bank now owns 28,901 shares of the company’s stock valued at $1,721,000 after buying an additional 20,110 shares during the period. International Assets Investment Management LLC increased its holdings in shares of DocuSign by 5,660.8% during the 3rd quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock worth $27,252,000 after buying an additional 431,295 shares during the last quarter. PGGM Investments raised its position in shares of DocuSign by 36.7% in the 2nd quarter. PGGM Investments now owns 49,812 shares of the company’s stock worth $2,665,000 after buying an additional 13,379 shares during the period. Finally, Claro Advisors LLC acquired a new position in DocuSign in the third quarter valued at $727,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DOCU. Wells Fargo & Company upped their price target on DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a report on Friday, September 6th. Citigroup raised their price target on shares of DocuSign from $86.00 to $87.00 and gave the company a “buy” rating in a report on Friday, September 6th. Robert W. Baird lifted their price target on shares of DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, Bank of America increased their price objective on shares of DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $63.40.

Insider Transactions at DocuSign

In other DocuSign news, Director Teresa Briggs sold 534 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $56.56, for a total value of $30,203.04. Following the transaction, the director now directly owns 7,202 shares of the company’s stock, valued at $407,345.12. This represents a 6.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Allan C. Thygesen sold 7,725 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $59.09, for a total transaction of $456,470.25. Following the sale, the chief executive officer now directly owns 102,193 shares of the company’s stock, valued at $6,038,584.37. The trade was a 7.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,558 shares of company stock valued at $4,272,768. 1.66% of the stock is currently owned by insiders.

DocuSign Stock Down 1.8 %

DOCU opened at $80.36 on Friday. The firm’s 50 day moving average is $66.18 and its 200-day moving average is $59.18. DocuSign, Inc. has a 52-week low of $42.12 and a 52-week high of $83.68. The firm has a market capitalization of $16.31 billion, a P/E ratio of 16.95, a P/E/G ratio of 8.73 and a beta of 0.90.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.17. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The firm had revenue of $736.03 million for the quarter, compared to the consensus estimate of $727.20 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts expect that DocuSign, Inc. will post 1.01 earnings per share for the current fiscal year.

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.