Creative Planning Buys 1,157 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Creative Planning increased its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,687 shares of the company’s stock after acquiring an additional 1,157 shares during the period. Creative Planning’s holdings in DocuSign were worth $732,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Dakota Wealth Management boosted its stake in DocuSign by 0.8% during the second quarter. Dakota Wealth Management now owns 23,022 shares of the company’s stock worth $1,232,000 after acquiring an additional 181 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its stake in DocuSign by 1.1% during the second quarter. Elo Mutual Pension Insurance Co now owns 18,848 shares of the company’s stock worth $1,008,000 after acquiring an additional 214 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in DocuSign by 6.0% during the first quarter. Motley Fool Asset Management LLC now owns 3,960 shares of the company’s stock worth $236,000 after acquiring an additional 224 shares in the last quarter. Optimist Retirement Group LLC lifted its stake in shares of DocuSign by 5.6% in the second quarter. Optimist Retirement Group LLC now owns 4,255 shares of the company’s stock worth $228,000 after buying an additional 227 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its stake in shares of DocuSign by 2.2% in the first quarter. SeaCrest Wealth Management LLC now owns 11,327 shares of the company’s stock worth $675,000 after buying an additional 240 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

DocuSign Trading Down 0.5 %

Shares of DOCU stock opened at $68.89 on Friday. DocuSign, Inc. has a 12 month low of $38.11 and a 12 month high of $69.78. The stock has a market cap of $13.98 billion, a P/E ratio of 14.53, a P/E/G ratio of 7.33 and a beta of 0.92. The company has a 50 day simple moving average of $58.30 and a two-hundred day simple moving average of $56.83.

DocuSign (NASDAQ:DOCU) last announced its earnings results on Thursday, September 5th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.17. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The business had revenue of $736.03 million during the quarter, compared to analysts’ expectations of $727.20 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. As a group, equities analysts forecast that DocuSign, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling at DocuSign

In other DocuSign news, CEO Allan C. Thygesen sold 7,725 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $54.89, for a total value of $424,025.25. Following the completion of the transaction, the chief executive officer now directly owns 109,918 shares in the company, valued at $6,033,399.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other DocuSign news, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $67.83, for a total value of $508,725.00. Following the completion of the transaction, the insider now directly owns 43,301 shares in the company, valued at $2,937,106.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Allan C. Thygesen sold 7,725 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $54.89, for a total transaction of $424,025.25. Following the completion of the transaction, the chief executive officer now owns 109,918 shares of the company’s stock, valued at approximately $6,033,399.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 418,002 shares of company stock valued at $22,471,973. Insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Wells Fargo & Company upped their target price on shares of DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Bank of America upped their target price on shares of DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note 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 research note on Friday, September 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research note on Friday, September 6th. Two research 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 MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $63.40.

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.