Capstone Investment Advisors LLC Has $1.34 Million Position in DocuSign, Inc. (NASDAQ:DOCU)

Capstone Investment Advisors LLC boosted its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 48.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 22,531 shares of the company’s stock after acquiring an additional 7,327 shares during the period. Capstone Investment Advisors LLC’s holdings in DocuSign were worth $1,342,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System grew its stake in shares of DocuSign by 0.9% during the fourth quarter. New York State Teachers Retirement System now owns 18,282 shares of the company’s stock worth $1,087,000 after purchasing an additional 163 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of DocuSign by 2.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,975 shares of the company’s stock valued at $415,000 after acquiring an additional 184 shares during the last quarter. Whittier Trust Co. raised its position in shares of DocuSign by 28.8% in the 4th 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. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in DocuSign by 0.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,899 shares of the company’s stock worth $4,617,000 after acquiring an additional 239 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in DocuSign by 2.2% during the first quarter. SeaCrest Wealth Management LLC now owns 11,327 shares of the company’s stock valued at $675,000 after purchasing an additional 240 shares during the period. Institutional investors own 77.64% of the company’s stock.

DocuSign Stock Up 0.6 %

Shares of DOCU stock traded up $0.33 during trading on Friday, reaching $54.46. The company’s stock had a trading volume of 1,621,111 shares, compared to its average volume of 3,189,667. DocuSign, Inc. has a one year low of $38.11 and a one year high of $64.76. The business has a fifty day moving average price of $55.41 and a 200-day moving average price of $56.62. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 104.73, a price-to-earnings-growth ratio of 4.50 and a beta of 0.94.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, June 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.20 by $0.09. DocuSign had a net margin of 3.81% and a return on equity of 15.44%. The firm had revenue of $709.64 million for the quarter, compared to analysts’ expectations of $706.07 million. Research analysts anticipate that DocuSign, Inc. will post 0.88 EPS for the current year.

Wall Street Analysts Forecast Growth

DOCU has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research report on Friday, June 7th. JMP Securities reaffirmed a “market outperform” rating and set a $84.00 price objective on shares of DocuSign in a research note on Friday, June 7th. Piper Sandler decreased their target price on DocuSign from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, June 7th. Robert W. Baird lowered their price target on DocuSign from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Finally, Citigroup cut their price objective on DocuSign from $93.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, DocuSign currently has an average rating of “Hold” and an average target price of $59.36.

Insider Buying and Selling

In other news, CEO Allan C. Thygesen sold 7,911 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $53.77, for a total value of $425,374.47. Following the completion of the sale, the chief executive officer now owns 117,643 shares of the company’s stock, valued at approximately $6,325,664.11. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Allan C. Thygesen sold 7,911 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $53.77, for a total transaction of $425,374.47. Following the transaction, the chief executive officer now directly owns 117,643 shares in the company, valued at approximately $6,325,664.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Solvik sold 15,000 shares of the firm’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 sale, the director now owns 783 shares of the company’s stock, valued at $46,980. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,218 shares of company stock worth $5,183,359. Corporate insiders own 1.66% of the company’s stock.

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.