DRW Securities LLC Invests $339,000 in DocuSign, Inc. (NASDAQ:DOCU)

DRW Securities LLC bought a new stake in DocuSign, Inc. (NASDAQ:DOCU) during the third quarter, Holdings Channel reports. The institutional investor bought 5,460 shares of the company’s stock, valued at approximately $339,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DOCU. Massmutual Trust Co. FSB ADV increased its stake in DocuSign by 5,000.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the period. Mather Group LLC. grew its holdings in shares of DocuSign by 4,338.5% during the second quarter. Mather Group LLC. now owns 577 shares of the company’s stock worth $31,000 after buying an additional 564 shares during the last quarter. Reston Wealth Management LLC acquired a new position in DocuSign in the 3rd quarter valued at about $47,000. nVerses Capital LLC purchased a new stake in DocuSign during the 2nd quarter valued at approximately $48,000. Finally, Quarry LP acquired a new stake in DocuSign during the 2nd quarter worth approximately $53,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Transactions at DocuSign

In related news, CEO Allan C. Thygesen sold 7,725 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.09, for a total transaction of $456,470.25. Following the sale, the chief executive officer now owns 102,193 shares of the company’s stock, valued at $6,038,584.37. This trade represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Chatwani sold 14,799 shares of the business’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 directly owns 70,748 shares of the company’s stock, valued at $3,923,684.08. The trade was a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,558 shares of company stock valued at $4,272,768 in the last ninety days. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JMP Securities increased their price target on DocuSign from $84.00 to $108.00 and gave the stock a “market outperform” rating in a report on Friday, November 22nd. Royal Bank of Canada lifted their target price on shares of DocuSign from $52.00 to $57.00 and gave the company a “sector perform” rating in a report on Friday, September 6th. Wells Fargo & Company increased their price target on shares of DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Robert W. Baird raised their price objective on shares of DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research report on Friday, September 6th. Two equities 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, DocuSign currently has a consensus rating of “Hold” and a consensus target price of $65.80.

DocuSign Stock Performance

DOCU opened at $85.30 on Wednesday. The company has a market cap of $17.31 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 8.79 and a beta of 0.90. DocuSign, Inc. has a one year low of $42.13 and a one year high of $86.75. The business’s fifty day moving average is $70.63 and its two-hundred day moving average is $60.66.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.17. The firm had revenue of $736.03 million for the quarter, compared to analysts’ expectations of $727.20 million. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 EPS. On average, analysts predict 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.