Jump Financial LLC Makes New Investment in DocuSign, Inc. (NASDAQ:DOCU)

Jump Financial LLC acquired a new stake in DocuSign, Inc. (NASDAQ:DOCU) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 7,434 shares of the company’s stock, valued at approximately $669,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. World Investment Advisors LLC acquired a new position in DocuSign in the third quarter worth about $2,314,000. Wilmington Savings Fund Society FSB acquired a new position in shares of DocuSign in the 3rd quarter worth approximately $51,000. Optimist Retirement Group LLC lifted its position in shares of DocuSign by 3.8% during the 3rd quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company’s stock worth $274,000 after buying an additional 161 shares during the period. Tidal Investments LLC lifted its position in shares of DocuSign by 62.8% during the 3rd quarter. Tidal Investments LLC now owns 44,946 shares of the company’s stock worth $2,791,000 after buying an additional 17,339 shares during the period. Finally, Franklin Resources Inc. boosted its stake in DocuSign by 12.1% in the 3rd quarter. Franklin Resources Inc. now owns 520,925 shares of the company’s stock valued at $35,870,000 after buying an additional 56,221 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. raised DocuSign from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $70.00 to $75.00 in a report on Monday, March 10th. Citigroup lifted their price target on shares of DocuSign from $113.00 to $115.00 and gave the company a “buy” rating in a report on Friday, March 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $90.00 price objective on shares of DocuSign in a research note on Friday, March 14th. Wells Fargo & Company cut their target price on shares of DocuSign from $73.00 to $65.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Wedbush restated a “neutral” rating and set a $100.00 price target on shares of DocuSign in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.46.

Insider Activity at DocuSign

In other DocuSign news, Director Teresa Briggs sold 534 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.41, for a total value of $46,676.94. Following the completion of the sale, the director now owns 8,270 shares of the company’s stock, valued at approximately $722,880.70. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Blake Jeffrey Grayson sold 16,111 shares of DocuSign stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $83.20, for a total transaction of $1,340,435.20. Following the transaction, the chief financial officer now directly owns 93,960 shares in the company, valued at approximately $7,817,472. This represents a 14.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,851 shares of company stock worth $4,607,439. 1.66% of the stock is owned by insiders.

DocuSign Trading Up 3.2 %

DocuSign stock opened at $74.20 on Wednesday. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86. The company’s 50-day moving average is $80.73 and its two-hundred day moving average is $83.38. The company has a market cap of $15.02 billion, a PE ratio of 15.30, a PEG ratio of 6.94 and a beta of 1.20.

DocuSign (NASDAQ:DOCU) last released its earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $776.25 million during the quarter, compared to analyst estimates of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. Research analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current year.

DocuSign Company 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.