Prudential PLC Acquires 6,785 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Prudential PLC increased its holdings in shares of DocuSign, Inc. (NASDAQ:DOCUGet Rating) by 36.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,527 shares of the company’s stock after acquiring an additional 6,785 shares during the period. Prudential PLC’s holdings in DocuSign were worth $3,888,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wagner Wealth Management LLC bought a new stake in DocuSign during the third quarter worth about $27,000. Liberty Wealth Management LLC boosted its stake in DocuSign by 257.9% during the third quarter. Liberty Wealth Management LLC now owns 136 shares of the company’s stock worth $35,000 after acquiring an additional 98 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of DocuSign in the fourth quarter worth approximately $30,000. Versant Capital Management Inc lifted its stake in shares of DocuSign by 21,900.0% in the fourth quarter. Versant Capital Management Inc now owns 220 shares of the company’s stock worth $34,000 after buying an additional 219 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in shares of DocuSign in the fourth quarter worth approximately $39,000. 75.62% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on DOCU. Wedbush downgraded shares of DocuSign from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $80.00 to $60.00 in a research note on Tuesday, May 3rd. William Blair restated an “outperform” rating on shares of DocuSign in a research report on Wednesday, March 30th. Wells Fargo & Company reduced their target price on shares of DocuSign from $180.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, March 11th. Citigroup reduced their price objective on shares of DocuSign from $137.00 to $114.00 and set a “buy” rating for the company in a research note on Friday, March 11th. Finally, Morgan Stanley dropped their target price on shares of DocuSign from $121.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, March 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, DocuSign presently has an average rating of “Hold” and an average target price of $174.12.

Shares of DocuSign stock traded down $2.04 during trading hours on Wednesday, reaching $73.21. 66,775 shares of the company’s stock were exchanged, compared to its average volume of 4,384,047. The business has a fifty day moving average of $91.17 and a two-hundred day moving average of $138.31. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $14.63 billion, a P/E ratio of -215.00 and a beta of 1.05. DocuSign, Inc. has a 1 year low of $64.84 and a 1 year high of $314.76.

DocuSign (NASDAQ:DOCUGet Rating) last posted its earnings results on Thursday, March 10th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.10). DocuSign had a negative net margin of 3.32% and a negative return on equity of 12.39%. The company had revenue of $580.83 million during the quarter, compared to analyst estimates of $561.60 million. During the same period in the previous year, the company earned ($0.08) EPS. The company’s quarterly revenue was up 34.8% compared to the same quarter last year. As a group, research analysts predict that DocuSign, Inc. will post -0.21 EPS for the current year.

In other news, CEO Daniel D. Springer purchased 66,882 shares of the company’s stock in a transaction dated Tuesday, March 15th. The stock was acquired at an average price of $74.76 per share, for a total transaction of $5,000,098.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Scott V. Olrich sold 3,948 shares of DocuSign stock in a transaction dated Tuesday, April 5th. The stock was sold at an average price of $110.09, for a total value of $434,635.32. Following the sale, the chief operating officer now owns 230,663 shares of the company’s stock, valued at approximately $25,393,689.67. The disclosure for this sale can be found here. 3.87% of the stock is currently owned by corporate insiders.

DocuSign Profile (Get Rating)

DocuSign, Inc provides electronic signature software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. It also offers CLM, which automates workflows across the entire agreement process; Insights that use artificial intelligence (AI) to search and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce; Negotiate for Salesforce that supports for approvals, document comparisons, and version control; Analyzer, which helps customers understand what they're signing before they sign it; and CLM+ that provide AI-driven contract lifecycle management.

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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