Integrated Investment Consultants LLC Makes New Investment in DocuSign, Inc. (NASDAQ:DOCU)

Integrated Investment Consultants LLC bought a new stake in DocuSign, Inc. (NASDAQ:DOCU) in the third quarter, HoldingsChannel.com reports. The firm bought 59,760 shares of the company’s stock, valued at approximately $3,710,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of DocuSign by 5,000.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the period. Mather Group LLC. raised its holdings in DocuSign by 4,338.5% during the 2nd quarter. Mather Group LLC. now owns 577 shares of the company’s stock worth $31,000 after purchasing an additional 564 shares during the last quarter. Reston Wealth Management LLC bought a new stake in DocuSign during the third quarter valued at $47,000. nVerses Capital LLC acquired a new position in DocuSign in the second quarter valued at approximately $48,000. Finally, Quarry LP acquired a new stake in DocuSign in the 2nd quarter valued at $53,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DocuSign

In related news, insider Robert Chatwani sold 14,799 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $55.46, for a total value of $820,752.54. Following the transaction, the insider now directly owns 70,748 shares in the company, valued at approximately $3,923,684.08. This represents a 17.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Allan C. Thygesen sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $69.95, for a total transaction of $543,091.80. Following the completion of the transaction, the chief executive officer now directly owns 107,825 shares of the company’s stock, valued at approximately $7,542,358.75. This represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,558 shares of company stock valued at $4,272,768 in the last quarter. 1.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on DOCU. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research note on Friday, September 6th. Bank of America boosted their price target on shares of DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Robert W. Baird upped their price objective on DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. JMP Securities reiterated a “market outperform” rating and set a $84.00 target price on shares of DocuSign in a research note on Thursday, September 5th. Finally, Citigroup raised their price objective on shares of DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $63.40.

DocuSign Stock Down 0.9 %

NASDAQ DOCU opened at $78.81 on Thursday. The firm has a market cap of $16.00 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 8.41 and a beta of 0.90. The company’s 50 day moving average is $68.47 and its 200-day moving average is $59.93. DocuSign, Inc. has a 12-month low of $42.12 and a 12-month high of $83.68.

DocuSign (NASDAQ:DOCU) last posted its 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 return on equity of 16.18% and a net margin of 34.56%. 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 prior year, the business posted $0.09 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts expect that DocuSign, Inc. will post 1.01 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.