Foundry Partners LLC Has $752,000 Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Foundry Partners LLC trimmed its position in DocuSign, Inc. (NASDAQ:DOCU) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,366 shares of the company’s stock after selling 533 shares during the quarter. Foundry Partners LLC’s holdings in DocuSign were worth $752,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in shares of DocuSign in the 4th quarter valued at $30,000. First Horizon Advisors Inc. lifted its stake in DocuSign by 102.6% during the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock worth $36,000 after purchasing an additional 201 shares during the period. Modus Advisors LLC bought a new position in DocuSign during the fourth quarter worth about $36,000. Avion Wealth boosted its holdings in DocuSign by 309.2% during the fourth quarter. Avion Wealth now owns 487 shares of the company’s stock valued at $43,000 after purchasing an additional 368 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of DocuSign by 36.5% in the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock worth $49,000 after buying an additional 145 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research note on Friday, March 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $124.00 target price on shares of DocuSign in a report on Tuesday, January 7th. Bank of America cut their price target on shares of DocuSign from $112.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Wedbush reaffirmed a “neutral” rating and set a $100.00 price objective on shares of DocuSign in a research note on Friday, March 14th. Finally, Wells Fargo & Company lifted their target price on shares of DocuSign from $70.00 to $73.00 and gave the company an “underweight” rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $95.83.

DocuSign Stock Down 6.7 %

Shares of DOCU stock opened at $72.21 on Friday. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The stock has a 50-day moving average price of $86.02 and a 200 day moving average price of $81.98.

DocuSign (NASDAQ:DOCU) last issued its earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The company had revenue of $776.25 million during the quarter, compared to analysts’ expectations of $760.94 million. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts predict that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Activity

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $86.90, for a total transaction of $695,200.00. Following the transaction, the chief financial officer now directly owns 77,851 shares in the company, valued at approximately $6,765,251.90. The trade was a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James P. Shaughnessy sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $81.31, for a total value of $609,825.00. Following the sale, the insider now directly owns 45,875 shares in the company, valued at approximately $3,730,096.25. This represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,851 shares of company stock valued at $4,911,319 in the last ninety days. 1.66% of the stock is owned by insiders.

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.