DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. boosted its position in DocuSign, Inc. (NASDAQ:DOCU) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,178 shares of the company’s stock after purchasing an additional 244 shares during the quarter. Mission Creek Capital Partners Inc.’s holdings in DocuSign were worth $1,995,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new stake in DocuSign during the fourth quarter worth approximately $2,400,000. Virtus ETF Advisers LLC acquired a new stake in shares of DocuSign during the fourth quarter worth $1,488,000. Lord Abbett & CO. LLC acquired a new stake in shares of DocuSign during the fourth quarter worth $46,594,000. Integrated Wealth Concepts LLC grew its position in shares of DocuSign by 57.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 7,805 shares of the company’s stock valued at $702,000 after purchasing an additional 2,841 shares during the period. Finally, Pinebridge Investments L.P. increased its stake in DocuSign by 0.6% in the fourth quarter. Pinebridge Investments L.P. now owns 190,336 shares of the company’s stock valued at $17,119,000 after purchasing an additional 1,084 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

DocuSign Trading Up 1.4 %

DOCU stock opened at $82.81 on Friday. The company has a market capitalization of $16.77 billion, a P/E ratio of 17.07, a PEG ratio of 6.94 and a beta of 1.20. The firm has a 50 day simple moving average of $80.34 and a 200-day simple moving average of $83.68. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $776.25 million during the quarter, compared to the consensus estimate of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share. On average, research analysts predict that DocuSign, Inc. will post 1.17 EPS for the current year.

Insider Activity at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $76.09, for a total value of $608,720.00. Following the completion of the transaction, the chief financial officer now owns 86,156 shares in the company, valued at approximately $6,555,610.04. This represents a 8.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Chatwani sold 15,706 shares of DocuSign stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $83.19, for a total value of $1,306,582.14. Following the sale, the insider now directly owns 76,842 shares in the company, valued at approximately $6,392,485.98. This trade represents a 16.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,851 shares of company stock worth $4,607,439 in the last 90 days. 1.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised DocuSign from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $70.00 to $75.00 in a research note on Monday, March 10th. JMP Securities reissued a “market outperform” rating and issued a $124.00 target price on shares of DocuSign in a research report on Thursday, April 17th. UBS Group dropped their price target on shares of DocuSign from $90.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company decreased their price target on shares of DocuSign from $73.00 to $65.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. Finally, Robert W. Baird set a $93.00 target price on DocuSign in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.46.

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.