2,330 Shares in DocuSign, Inc. (NASDAQ:DOCU) Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. purchased a new position in shares of DocuSign, Inc. (NASDAQ:DOCU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,330 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DOCU. Kestra Investment Management LLC acquired a new position in shares of DocuSign during the 4th quarter worth approximately $30,000. First Horizon Advisors Inc. boosted its holdings in shares of DocuSign by 102.6% during the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock worth $36,000 after buying an additional 201 shares during the period. Modus Advisors LLC bought a new position in DocuSign in the 4th quarter valued at about $36,000. Bessemer Group Inc. lifted its position in DocuSign by 490.0% during the fourth quarter. Bessemer Group Inc. now owns 472 shares of the company’s stock worth $42,000 after acquiring an additional 392 shares during the last quarter. Finally, Avion Wealth boosted its holdings in shares of DocuSign by 309.2% during the fourth quarter. Avion Wealth now owns 487 shares of the company’s stock worth $43,000 after acquiring an additional 368 shares during the period. Institutional investors own 77.64% of the company’s stock.

DocuSign Price Performance

Shares of NASDAQ DOCU opened at $77.49 on Wednesday. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86. The firm has a market cap of $15.69 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 6.94 and a beta of 1.20. The company has a 50 day simple moving average of $82.19 and a 200 day simple moving average of $82.95.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $776.25 million for the quarter, compared to analyst estimates of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. DocuSign’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. As a group, research analysts anticipate that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DOCU shares. Wells Fargo & Company lifted 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. JMP Securities reissued a “market outperform” rating and issued a $124.00 target price on shares of DocuSign in a report on Tuesday, January 7th. HSBC upgraded shares of DocuSign from a “reduce” rating to a “hold” rating and set a $70.00 price objective for the company in a research report on Friday, April 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Friday, March 14th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $90.00 price target on shares of DocuSign in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, DocuSign currently has an average rating of “Hold” and an average target price of $93.85.

Insider Buying and Selling at DocuSign

In other news, insider James P. Shaughnessy sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total value of $609,825.00. Following the transaction, the insider now owns 45,875 shares in the company, valued at approximately $3,730,096.25. The trade was a 14.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teresa Briggs sold 534 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $87.41, for a total transaction of $46,676.94. Following the completion of the sale, the director now directly owns 8,270 shares in the company, valued at approximately $722,880.70. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,851 shares of company stock worth $3,998,719. Insiders own 1.66% 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.