Mine & Arao Wealth Creation & Management LLC. Grows Position in DocuSign, Inc. (NASDAQ:DOCU)

Mine & Arao Wealth Creation & Management LLC. lifted its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,207 shares of the company’s stock after buying an additional 475 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in DocuSign were worth $191,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital Analysts LLC boosted its position in shares of DocuSign by 781.7% during the fourth quarter. Capital Analysts LLC now owns 529 shares of the company’s stock valued at $31,000 after buying an additional 469 shares during the last quarter. BluePath Capital Management LLC purchased a new position in DocuSign in the third quarter worth about $32,000. McGlone Suttner Wealth Management Inc. purchased a new position in DocuSign in the fourth quarter worth about $32,000. Performa Ltd US LLC boosted its position in DocuSign by 50.0% in the third quarter. Performa Ltd US LLC now owns 825 shares of the company’s stock worth $35,000 after purchasing an additional 275 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in DocuSign by 28.8% in the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock worth $56,000 after purchasing an additional 209 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

DocuSign Price Performance

Shares of DocuSign stock traded up $0.95 on Wednesday, reaching $57.55. The company had a trading volume of 552,764 shares, compared to its average volume of 3,175,017. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 157.50, a P/E/G ratio of 4.94 and a beta of 0.89. The firm’s 50-day moving average price is $56.76 and its two-hundred day moving average price is $53.03. DocuSign, Inc. has a 1 year low of $38.11 and a 1 year high of $64.76.

DocuSign (NASDAQ:DOCU) last announced its earnings results on Thursday, March 7th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $712.39 million during the quarter, compared to analysts’ expectations of $698.05 million. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. As a group, analysts anticipate that DocuSign, Inc. will post 0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DOCU shares. JMP Securities reaffirmed a “market outperform” rating and issued a $84.00 price objective on shares of DocuSign in a research note on Friday, April 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research note on Friday, April 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $59.00 price objective on shares of DocuSign in a research note on Friday, April 12th. Wells Fargo & Company decreased their price objective on DocuSign from $55.00 to $45.00 and set an “underweight” rating on the stock in a research note on Monday, February 5th. Finally, UBS Group raised DocuSign from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $48.00 to $62.00 in a research note on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.25.

Insider Activity at DocuSign

In related news, insider Stephen Shute sold 15,109 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $57.02, for a total transaction of $861,515.18. Following the completion of the transaction, the insider now owns 8,959 shares in the company, valued at approximately $510,842.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Peter Solvik sold 15,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $60.00, for a total transaction of $900,000.00. Following the completion of the transaction, the director now owns 783 shares in the company, valued at approximately $46,980. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Shute sold 15,109 shares of DocuSign stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $57.02, for a total value of $861,515.18. Following the sale, the insider now directly owns 8,959 shares of the company’s stock, valued at $510,842.18. The disclosure for this sale can be found here. Insiders sold a total of 54,871 shares of company stock worth $3,176,199 in the last quarter. 17.80% of the stock is owned by company insiders.

About DocuSign

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.