Y.D. More Investments Ltd Sells 12,164 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Y.D. More Investments Ltd trimmed its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 42.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,178 shares of the company’s stock after selling 12,164 shares during the quarter. Y.D. More Investments Ltd’s holdings in DocuSign were worth $962,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. New York State Teachers Retirement System raised its holdings in DocuSign by 0.9% during the 4th quarter. New York State Teachers Retirement System now owns 18,282 shares of the company’s stock valued at $1,087,000 after buying an additional 163 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of DocuSign by 2.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,975 shares of the company’s stock worth $415,000 after buying an additional 184 shares during the period. Whittier Trust Co. grew its position in DocuSign by 28.8% during the 4th quarter. Whittier Trust Co. now owns 935 shares of the company’s stock valued at $56,000 after purchasing an additional 209 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in DocuSign by 2.2% during the 4th quarter. SeaCrest Wealth Management LLC now owns 11,087 shares of the company’s stock valued at $606,000 after acquiring an additional 243 shares during the period. Finally, Performa Ltd US LLC lifted its stake in DocuSign by 50.0% during the 3rd quarter. Performa Ltd US LLC now owns 825 shares of the company’s stock valued at $35,000 after acquiring an additional 275 shares during the period. 77.64% of the stock is currently owned by institutional investors.

DocuSign Trading Up 1.2 %

Shares of DOCU stock traded up $0.70 on Wednesday, reaching $57.30. The company’s stock had a trading volume of 1,350,901 shares, compared to its average volume of 3,185,060. The stock’s fifty day simple moving average is $56.76 and its 200-day simple moving average is $53.03. DocuSign, Inc. has a 1 year low of $38.11 and a 1 year high of $64.76. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 159.56, a price-to-earnings-growth ratio of 4.94 and a beta of 0.89.

DocuSign (NASDAQ:DOCU) last issued its quarterly 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 company had revenue of $712.39 million during the quarter, compared to the consensus estimate of $698.05 million. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. Equities research analysts forecast that DocuSign, Inc. will post 0.87 earnings per share for the current year.

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 completion of the sale, the chief executive officer now directly owns 111,767 shares in the company, valued at $6,847,964.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Peter Solvik sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $60.00, for a total transaction of $900,000.00. Following the completion of the transaction, the director now directly owns 783 shares of the company’s stock, valued at approximately $46,980. The sale was disclosed in a filing with the SEC, which is available at this link. 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 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. Insiders sold a total of 54,871 shares of company stock worth $3,176,199 over the last three months. 17.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of DocuSign from $55.00 to $45.00 and set an “underweight” rating on the stock in a research note on Monday, February 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $59.00 target price on shares of DocuSign in a report on Friday, April 12th. UBS Group raised shares of DocuSign from a “sell” rating to a “neutral” rating and increased their target price for the stock from $48.00 to $62.00 in a report on Friday, April 12th. JMP Securities reissued a “market outperform” rating and issued a $84.00 target price on shares of DocuSign in a report on Friday, April 12th. Finally, Morgan Stanley raised shares of DocuSign from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $49.00 to $64.00 in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.