denkapparat Operations GmbH Buys Shares of 9,842 DocuSign, Inc. (NASDAQ:DOCU)

denkapparat Operations GmbH bought a new position in DocuSign, Inc. (NASDAQ:DOCU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,842 shares of the company’s stock, valued at approximately $885,000. DocuSign comprises about 1.3% of denkapparat Operations GmbH’s investment portfolio, making the stock its 10th largest position.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DOCU. HSBC restated a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. JPMorgan Chase & Co. raised shares of DocuSign from an “underweight” rating to a “neutral” rating and upped their price target for the company from $70.00 to $75.00 in a report on Monday, March 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $124.00 price objective on shares of DocuSign in a research note on Tuesday, January 7th. Robert W. Baird set a $93.00 target price on shares of DocuSign in a research note on Friday, March 14th. Finally, Hsbc Global Res upgraded shares of DocuSign to a “moderate sell” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $95.00.

Insider Buying and Selling at DocuSign

In other DocuSign news, Director Peter Solvik sold 10,000 shares of DocuSign 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. The trade was a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Chatwani sold 15,706 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 76,842 shares of the company’s stock, valued at $6,392,485.98. This represents a 16.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,851 shares of company stock worth $8,579,369 over the last 90 days. 1.66% of the stock is currently owned by corporate insiders.

DocuSign Stock Performance

DOCU stock opened at $85.65 on Friday. The firm has a 50 day simple moving average of $87.30 and a 200 day simple moving average of $80.98. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The stock has a market cap of $17.34 billion, a P/E ratio of 17.66, a P/E/G ratio of 6.94 and a beta of 1.02.

DocuSign (NASDAQ:DOCU) last issued its earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The company had revenue of $776.25 million during the quarter, compared to analyst estimates of $760.94 million. During the same quarter last year, the business posted $0.76 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Sell-side analysts predict that DocuSign, Inc. will post 1.17 EPS for the current 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.