Pathstone Holdings LLC Acquires 3,714 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Pathstone Holdings LLC grew its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,057 shares of the company’s stock after buying an additional 3,714 shares during the quarter. Pathstone Holdings LLC’s holdings in DocuSign were worth $12,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in shares of DocuSign by 178.2% during the 4th quarter. FMR LLC now owns 6,101,024 shares of the company’s stock worth $548,726,000 after buying an additional 3,908,139 shares in the last quarter. American Century Companies Inc. increased its stake in shares of DocuSign by 18.5% during the 4th quarter. American Century Companies Inc. now owns 5,315,459 shares of the company’s stock worth $478,072,000 after purchasing an additional 831,611 shares during the last quarter. Jericho Capital Asset Management L.P. increased its stake in shares of DocuSign by 34.0% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 4,754,753 shares of the company’s stock worth $427,642,000 after purchasing an additional 1,205,500 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of DocuSign by 4.9% during the 4th quarter. Renaissance Technologies LLC now owns 4,363,292 shares of the company’s stock worth $392,434,000 after purchasing an additional 205,304 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of DocuSign by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,732,363 shares of the company’s stock worth $335,147,000 after purchasing an additional 249,179 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Insider Activity

In other news, insider James P. Shaughnessy sold 7,500 shares of DocuSign stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total transaction of $609,825.00. Following the completion of the sale, the insider now directly owns 45,875 shares of the company’s stock, valued at approximately $3,730,096.25. The trade was a 14.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $76.09, for a total transaction of $608,720.00. Following the sale, the chief financial officer now directly owns 86,156 shares of the company’s stock, valued at $6,555,610.04. This represents a 8.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,851 shares of company stock worth $3,912,239 in the last three months. Corporate insiders own 1.66% of the company’s stock.

DocuSign Price Performance

DOCU opened at $90.55 on Friday. The company has a fifty day moving average price of $80.93 and a 200-day moving average price of $84.93. The firm has a market capitalization of $18.34 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 6.94 and a beta of 1.21. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, beating 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 revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS. On average, analysts expect that DocuSign, Inc. will post 1.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. William Blair restated an “outperform” rating on shares of DocuSign in a research note on Monday, April 21st. HSBC upgraded shares of DocuSign from a “reduce” rating to a “hold” rating and set a $70.00 price target for the company in a research note on Friday, April 11th. Hsbc Global Res upgraded shares of DocuSign from a “moderate sell” rating to a “hold” rating in a research note on Friday, April 11th. UBS Group reduced their price objective on shares of DocuSign from $90.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Finally, Citigroup lifted their price objective on shares of DocuSign from $113.00 to $115.00 and gave the company a “buy” rating in a research note 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $92.46.

About DocuSign

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.