Royal London Asset Management Ltd. Has $7.65 Million Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Royal London Asset Management Ltd. grew its position in DocuSign, Inc. (NASDAQ:DOCU) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,080 shares of the company’s stock after buying an additional 4,590 shares during the quarter. Royal London Asset Management Ltd.’s holdings in DocuSign were worth $7,652,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in DocuSign in the 3rd quarter worth approximately $28,000. Kestra Investment Management LLC acquired a new stake in DocuSign during the 4th quarter valued at $30,000. Brooklyn Investment Group purchased a new stake in shares of DocuSign in the third quarter valued at $33,000. Modus Advisors LLC acquired a new stake in shares of DocuSign in the fourth quarter worth $36,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of DocuSign by 102.6% during the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock valued at $36,000 after buying an additional 201 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DocuSign

In related news, insider Robert Chatwani sold 15,706 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $83.19, for a total transaction of $1,306,582.14. Following the completion of the transaction, the insider now owns 76,842 shares of the company’s stock, valued at approximately $6,392,485.98. The trade was a 16.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Solvik sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $91.26, for a total value of $912,600.00. Following the completion of the sale, the director now directly owns 150,253 shares in the company, valued at $13,712,088.78. This trade represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,851 shares of company stock worth $8,579,369. 1.66% of the stock is owned by insiders.

Analyst Ratings Changes

DOCU has been the subject of several research analyst reports. Citigroup increased their price objective on DocuSign from $113.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Hsbc Global Res raised shares of DocuSign to a “moderate sell” rating in a research report on Friday, December 6th. UBS Group lowered their price objective on shares of DocuSign from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Morgan Stanley increased their target price on shares of DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, JMP Securities restated a “market outperform” rating and set a $124.00 price target on shares of DocuSign in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $95.00.

DocuSign Price Performance

DocuSign stock opened at $88.06 on Monday. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86. The company’s fifty day moving average price is $87.54 and its two-hundred day moving average price is $80.47. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 6.94 and a beta of 1.02.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $776.25 million for the quarter, compared to the consensus estimate of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. As a group, sell-side analysts anticipate that DocuSign, Inc. will post 1.17 earnings per share 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.