DocuSign, Inc. (NASDAQ:DOCU) is Syon Capital LLC’s 10th Largest Position

Syon Capital LLC boosted its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 450.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 550,221 shares of the company’s stock after purchasing an additional 450,221 shares during the quarter. DocuSign comprises 2.3% of Syon Capital LLC’s investment portfolio, making the stock its 10th largest holding. Syon Capital LLC owned 0.27% of DocuSign worth $32,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital Analysts LLC grew its stake in shares of DocuSign by 781.7% during the 4th quarter. Capital Analysts LLC now owns 529 shares of the company’s stock worth $31,000 after purchasing an additional 469 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new position in shares of DocuSign during the 4th quarter worth about $32,000. BluePath Capital Management LLC purchased a new position in shares of DocuSign during the 3rd quarter worth about $32,000. Performa Ltd US LLC lifted its holdings in shares of DocuSign by 50.0% during the 3rd quarter. Performa Ltd US LLC now owns 825 shares of the company’s stock worth $35,000 after acquiring an additional 275 shares during the period. Finally, Whittier Trust Co. lifted its holdings in shares of DocuSign by 28.8% during the 4th quarter. Whittier Trust Co. now owns 935 shares of the company’s stock worth $56,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Buying and Selling

In related news, CEO Allan C. Thygesen sold 7,680 shares of DocuSign stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $61.27, for a total value of $470,553.60. Following the transaction, the chief executive officer now owns 111,767 shares of the company’s stock, valued at approximately $6,847,964.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Stephen Shute sold 15,109 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $57.02, for a total value of $861,515.18. Following the completion of the sale, the insider now directly owns 8,959 shares in the company, valued at approximately $510,842.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Allan C. Thygesen sold 7,680 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $61.27, for a total value of $470,553.60. Following the completion of the sale, the chief executive officer now owns 111,767 shares of the company’s stock, valued at $6,847,964.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,871 shares of company stock valued at $3,176,199. 17.80% of the stock is owned by corporate insiders.

DocuSign Trading Down 0.3 %

NASDAQ:DOCU traded down $0.15 during mid-day trading on Friday, reaching $57.20. 1,116,393 shares of the stock were exchanged, compared to its average volume of 3,256,530. The business has a fifty day moving average price of $56.35 and a 200 day moving average price of $52.55. The firm has a market capitalization of $11.75 billion, a PE ratio of 158.37, a PEG ratio of 5.01 and a beta of 0.89. DocuSign, Inc. has a 1-year low of $38.11 and a 1-year high of $64.76.

DocuSign (NASDAQ:DOCU) last released its earnings results on Thursday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $712.39 million for the quarter, compared to analyst estimates of $698.05 million. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. On average, sell-side analysts forecast that DocuSign, Inc. will post 0.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $59.00 price target on shares of DocuSign in a report on Friday, April 12th. Wells Fargo & Company decreased their price target on shares of DocuSign from $55.00 to $45.00 and set an “underweight” rating for the company in a research report on Monday, February 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $84.00 price objective on shares of DocuSign in a report on Friday, April 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Friday, April 12th. Finally, UBS Group raised shares of DocuSign from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $48.00 to $62.00 in a report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.25.

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.