Evergreen Capital Management LLC Increases Stock Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Evergreen Capital Management LLC lifted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 0.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 264,919 shares of the company’s stock after acquiring an additional 2,048 shares during the period. Evergreen Capital Management LLC’s holdings in DocuSign were worth $14,173,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Dakota Wealth Management boosted its stake in shares of DocuSign by 0.8% during the second quarter. Dakota Wealth Management now owns 23,022 shares of the company’s stock valued at $1,232,000 after purchasing an additional 181 shares during the period. New York State Teachers Retirement System boosted its position in shares of DocuSign by 1.0% in the 1st quarter. New York State Teachers Retirement System now owns 18,469 shares of the company’s stock worth $1,100,000 after purchasing an additional 187 shares in the last quarter. Elo Mutual Pension Insurance Co increased its holdings in shares of DocuSign by 1.1% during the second quarter. Elo Mutual Pension Insurance Co now owns 18,848 shares of the company’s stock valued at $1,008,000 after acquiring an additional 214 shares in the last quarter. Motley Fool Asset Management LLC raised its holdings in DocuSign by 6.0% in the first quarter. Motley Fool Asset Management LLC now owns 3,960 shares of the company’s stock worth $236,000 after buying an additional 224 shares during the last quarter. Finally, Optimist Retirement Group LLC lifted its position in DocuSign by 5.6% in the 2nd quarter. Optimist Retirement Group LLC now owns 4,255 shares of the company’s stock valued at $228,000 after acquiring an additional 227 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DOCU shares. Citigroup raised their price target on shares of DocuSign from $86.00 to $87.00 and gave the company a “buy” rating in a report on Friday, September 6th. Royal Bank of Canada upped their target price on shares of DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a report on Friday, September 6th. Wells Fargo & Company lifted their price objective on shares of DocuSign from $48.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research note on Friday, September 6th. Finally, Morgan Stanley reduced their target price on shares of DocuSign from $65.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, DocuSign has an average rating of “Hold” and a consensus target price of $61.45.

Insider Activity at DocuSign

In other news, CEO Allan C. Thygesen sold 7,725 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.09, for a total value of $456,470.25. Following the transaction, the chief executive officer now directly owns 102,193 shares of the company’s stock, valued at $6,038,584.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DocuSign news, CEO Allan C. Thygesen sold 7,911 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $53.77, for a total transaction of $425,374.47. Following the sale, the chief executive officer now directly owns 117,643 shares of the company’s stock, valued at approximately $6,325,664.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Allan C. Thygesen sold 7,725 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $59.09, for a total value of $456,470.25. Following the completion of the transaction, the chief executive officer now directly owns 102,193 shares of the company’s stock, valued at approximately $6,038,584.37. The disclosure for this sale can be found here. Insiders have sold a total of 446,065 shares of company stock valued at $23,777,163 in the last ninety days. Company insiders own 1.66% of the company’s stock.

DocuSign Trading Up 0.1 %

DOCU opened at $57.97 on Monday. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 111.48, a PEG ratio of 5.99 and a beta of 0.93. The stock has a fifty day moving average price of $55.87 and a 200-day moving average price of $56.23. DocuSign, Inc. has a 12 month low of $38.11 and a 12 month high of $64.76.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.17. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The firm had revenue of $736.03 million during the quarter, compared to analysts’ expectations of $727.20 million. During the same quarter last year, the firm earned $0.09 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that DocuSign, Inc. will post 0.99 EPS for the current year.

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.