B. Metzler seel. Sohn & Co. Holding AG Makes New $312,000 Investment in DocuSign, Inc. (NASDAQ:DOCU)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 5,025 shares of the company’s stock, valued at approximately $312,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of DocuSign during the third quarter valued at $1,072,000. Caprock Group LLC acquired a new position in shares of DocuSign in the 3rd quarter valued at $319,000. Pathstone Holdings LLC lifted its stake in DocuSign by 4.2% in the third quarter. Pathstone Holdings LLC now owns 137,343 shares of the company’s stock valued at $8,528,000 after buying an additional 5,519 shares during the period. Thrivent Financial for Lutherans boosted its stake in DocuSign by 5.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,277,312 shares of the company’s stock worth $141,398,000 after acquiring an additional 112,919 shares during the last quarter. Finally, Claro Advisors LLC acquired a new position in shares of DocuSign in the 3rd quarter valued at $236,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Transactions at DocuSign

In other news, CEO Allan C. Thygesen sold 7,725 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $59.09, for a total transaction of $456,470.25. Following the completion of the sale, the chief executive officer now owns 102,193 shares in the company, valued at approximately $6,038,584.37. This trade represents a 7.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Chatwani sold 14,799 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $55.46, for a total transaction of $820,752.54. Following the completion of the transaction, the insider now owns 70,748 shares in the company, valued at approximately $3,923,684.08. This trade represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 69,558 shares of company stock worth $4,272,768. 1.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DOCU. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research note on Friday, September 6th. Robert W. Baird boosted their target price on DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Royal Bank of Canada raised their price target on shares of DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Friday, September 6th. Bank of America boosted their price objective on shares of DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company raised their target price on shares of DocuSign from $48.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $65.80.

DocuSign Price Performance

Shares of DOCU stock opened at $83.03 on Monday. The company has a fifty day moving average price of $69.47 and a two-hundred day moving average price of $60.27. DocuSign, Inc. has a one year low of $42.13 and a one year high of $83.68. The stock has a market cap of $16.85 billion, a P/E ratio of 17.52, a P/E/G ratio of 8.48 and a beta of 0.90.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.17. The business had revenue of $736.03 million during the quarter, compared to analysts’ expectations of $727.20 million. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. DocuSign’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share. As a group, equities research analysts anticipate that DocuSign, Inc. will post 1.01 EPS for the current fiscal year.

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.