Neuberger Berman Group LLC Raises Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Neuberger Berman Group LLC grew its holdings in shares of DocuSign, Inc. (NASDAQ:DOCUFree Report) by 22.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,751 shares of the company’s stock after purchasing an additional 8,493 shares during the quarter. Neuberger Berman Group LLC’s holdings in DocuSign were worth $2,779,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oxford Asset Management LLP purchased a new position in DocuSign in the fourth quarter valued at about $614,000. Franklin Resources Inc. lifted its stake in DocuSign by 17.3% during the fourth quarter. Franklin Resources Inc. now owns 43,325 shares of the company’s stock valued at $2,576,000 after buying an additional 6,397 shares in the last quarter. Trexquant Investment LP grew its holdings in shares of DocuSign by 60.2% during the fourth quarter. Trexquant Investment LP now owns 482,054 shares of the company’s stock valued at $28,658,000 after buying an additional 181,177 shares in the last quarter. D.A. Davidson & CO. grew its position in DocuSign by 4.7% in the fourth quarter. D.A. Davidson & CO. now owns 10,065 shares of the company’s stock worth $598,000 after acquiring an additional 450 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in DocuSign by 4.6% during the fourth quarter. Clearbridge Investments LLC now owns 2,643,464 shares of the company’s stock worth $157,154,000 after purchasing an additional 116,128 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Activity at DocuSign

In other news, Director Peter Solvik sold 15,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $60.00, for a total transaction of $900,000.00. Following the transaction, the director now owns 783 shares of the company’s stock, valued at approximately $46,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Peter Solvik sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $60.00, for a total value of $900,000.00. Following the completion of the sale, the director now directly owns 783 shares of the company’s stock, valued at $46,980. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Teresa Briggs sold 499 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $52.99, for a total transaction of $26,442.01. Following the transaction, the director now owns 6,169 shares in the company, valued at $326,895.31. The disclosure for this sale can be found here. Insiders have sold a total of 55,277 shares of company stock worth $3,159,756 over the last quarter. Company insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DOCU. Royal Bank of Canada reissued a “sector perform” rating and issued a $59.00 price target on shares of DocuSign in a research report on Friday, April 12th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research note on Friday, April 12th. UBS Group raised DocuSign from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $48.00 to $62.00 in a report on Friday, April 12th. Wells Fargo & Company lowered their target price on shares of DocuSign from $55.00 to $45.00 and set an “underweight” rating on the stock in a report on Monday, February 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $84.00 price target on shares of DocuSign in a report on Friday, April 12th. Two investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.25.

View Our Latest Research Report on DOCU

DocuSign Trading Down 0.7 %

NASDAQ DOCU opened at $56.93 on Monday. The company has a 50 day moving average of $58.48 and a 200-day moving average of $55.39. The company has a market cap of $11.69 billion, a price-to-earnings ratio of 158.14, a PEG ratio of 4.92 and a beta of 0.88. DocuSign, Inc. has a 1-year low of $38.11 and a 1-year high of $64.76.

DocuSign (NASDAQ:DOCUGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. The business had revenue of $712.39 million for the quarter, compared to analyst estimates of $698.05 million. On average, equities research analysts forecast that DocuSign, Inc. will post 0.87 earnings per share for the current year.

DocuSign Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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