Y.D. More Investments Ltd Sells 12,164 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Y.D. More Investments Ltd reduced its stake in DocuSign, Inc. (NASDAQ:DOCU) by 42.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,178 shares of the company’s stock after selling 12,164 shares during the quarter. Y.D. More Investments Ltd’s holdings in DocuSign were worth $962,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital Analysts LLC raised its holdings in DocuSign by 781.7% in the 4th quarter. Capital Analysts LLC now owns 529 shares of the company’s stock worth $31,000 after purchasing an additional 469 shares during the period. McGlone Suttner Wealth Management Inc. bought a new stake in DocuSign during the fourth quarter valued at about $32,000. BluePath Capital Management LLC bought a new stake in DocuSign during the third quarter valued at about $32,000. Performa Ltd US LLC raised its holdings in DocuSign by 50.0% during the third quarter. Performa Ltd US LLC now owns 825 shares of the company’s stock valued at $35,000 after acquiring an additional 275 shares during the period. Finally, Whittier Trust Co. raised its holdings in DocuSign by 28.8% during the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock valued at $56,000 after acquiring an additional 209 shares during the period. 77.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wells Fargo & Company dropped their price target on DocuSign from $55.00 to $45.00 and set an “underweight” rating for the company in a research report on Monday, February 5th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a report on Friday, April 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $59.00 price target on shares of DocuSign in a report on Friday, April 12th. Morgan Stanley raised DocuSign from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $49.00 to $64.00 in a research report on Tuesday, January 16th. Finally, JMP Securities reissued a “market outperform” rating and set a $84.00 price objective on shares of DocuSign in a report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $60.25.

DocuSign Stock Up 1.2 %

Shares of DOCU stock traded up $0.70 during mid-day trading on Wednesday, hitting $57.30. 1,352,095 shares of the stock were exchanged, compared to its average volume of 3,185,060. The firm has a fifty day moving average of $56.76 and a 200 day moving average of $53.03. DocuSign, Inc. has a 52-week low of $38.11 and a 52-week high of $64.76. The company has a market cap of $11.77 billion, a PE ratio of 159.56, a price-to-earnings-growth ratio of 4.94 and a beta of 0.89.

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

Insider Buying and Selling

In related news, Director Peter Solvik sold 15,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were 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 legal filing with the SEC, which can be accessed through the SEC website. In other DocuSign news, Director Peter Solvik sold 15,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $60.00, for a total value of $900,000.00. Following the completion of the sale, the director now owns 783 shares in the company, valued at approximately $46,980. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Teresa Briggs sold 499 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $52.99, for a total transaction of $26,442.01. Following the completion of the sale, the director now owns 6,169 shares of the company’s stock, valued at approximately $326,895.31. 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 90 days. Insiders own 17.80% of the company’s stock.

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.