DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its position in DocuSign, Inc. (NASDAQ:DOCU) by 14.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,827 shares of the company’s stock after selling 2,021 shares during the quarter. National Bank of Canada FI’s holdings in DocuSign were worth $1,064,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Citizens Financial Group Inc. RI boosted its holdings in shares of DocuSign by 2.3% in the fourth quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company’s stock valued at $539,000 after acquiring an additional 133 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of DocuSign by 20.9% during the fourth quarter. Rakuten Securities Inc. now owns 797 shares of the company’s stock worth $72,000 after purchasing an additional 138 shares during the period. Synergy Financial Group LTD lifted its holdings in shares of DocuSign by 3.4% during the fourth quarter. Synergy Financial Group LTD now owns 4,241 shares of the company’s stock worth $381,000 after purchasing an additional 140 shares during the period. M&T Bank Corp lifted its holdings in shares of DocuSign by 1.3% during the fourth quarter. M&T Bank Corp now owns 10,840 shares of the company’s stock worth $975,000 after purchasing an additional 143 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in shares of DocuSign by 36.5% during the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock worth $49,000 after purchasing an additional 145 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

DocuSign Stock Up 11.7 %

NASDAQ:DOCU opened at $78.59 on Thursday. The company has a market capitalization of $15.91 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86. The stock has a fifty day simple moving average of $83.86 and a 200-day simple moving average of $82.56.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on DOCU. Bank of America decreased their price target on DocuSign from $112.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 14th. UBS Group decreased their price target on DocuSign from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Wells Fargo & Company increased their price target on DocuSign from $70.00 to $73.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Citigroup increased their price objective on DocuSign from $113.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. Finally, William Blair upgraded DocuSign from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. Two research 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $95.83.

Insider Activity at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the sale, the chief financial officer now owns 77,851 shares in the company, valued at $6,765,251.90. The trade was a 9.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James P. Shaughnessy sold 7,500 shares of DocuSign stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total value of $609,825.00. Following the completion of the sale, the insider now owns 45,875 shares of the company’s stock, valued at $3,730,096.25. This trade represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,851 shares of company stock valued at $4,911,319. 1.66% of the stock is owned by insiders.

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.