Aster Capital Management DIFC Ltd Invests $417,000 in DocuSign, Inc. (NASDAQ:DOCU)

Aster Capital Management DIFC Ltd purchased a new stake in DocuSign, Inc. (NASDAQ:DOCU) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,641 shares of the company’s stock, valued at approximately $417,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of DocuSign in the fourth quarter valued at about $223,196,000. Arrowstreet Capital Limited Partnership boosted its holdings in DocuSign by 201.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,158,311 shares of the company’s stock worth $194,118,000 after buying an additional 1,442,639 shares during the last quarter. Amundi increased its stake in DocuSign by 565.8% during the 4th quarter. Amundi now owns 1,379,575 shares of the company’s stock worth $123,486,000 after buying an additional 1,172,368 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of DocuSign by 18.5% during the fourth quarter. American Century Companies Inc. now owns 5,315,459 shares of the company’s stock valued at $478,072,000 after acquiring an additional 831,611 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of DocuSign by 61.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,673,612 shares of the company’s stock valued at $150,525,000 after acquiring an additional 637,505 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

DocuSign Stock Performance

Shares of DocuSign stock opened at $72.21 on Monday. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 6.94 and a beta of 1.20. The stock has a 50 day moving average of $86.02 and a 200 day moving average of $82.35.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share (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 the consensus estimate of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. Analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current year.

Analyst Ratings Changes

DOCU has been the subject of several research reports. Wells Fargo & Company boosted their price target on DocuSign from $70.00 to $73.00 and gave the stock an “underweight” rating in a research report on Friday, March 14th. JPMorgan Chase & Co. raised shares of DocuSign from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $70.00 to $75.00 in a report on Monday, March 10th. Jefferies Financial Group decreased their price target on shares of DocuSign from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. 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. Finally, Robert W. Baird set a $93.00 target price on shares of DocuSign in a research note on Friday, March 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $95.83.

Insider Buying and Selling at DocuSign

In related news, insider Robert Chatwani sold 15,706 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $83.19, for a total transaction of $1,306,582.14. Following the transaction, the insider now owns 76,842 shares of the company’s stock, valued at approximately $6,392,485.98. This represents a 16.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the transaction, the chief financial officer now directly owns 77,851 shares of the company’s stock, valued at approximately $6,765,251.90. This represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,851 shares of company stock worth $4,911,319 over the last three months. Insiders own 1.66% of the company’s stock.

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.