Level Four Advisory Services LLC Has $9.61 Million Stake in DocuSign, Inc. (NASDAQ:DOCU)

Level Four Advisory Services LLC lifted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 2.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 106,826 shares of the company’s stock after buying an additional 2,370 shares during the period. Level Four Advisory Services LLC’s holdings in DocuSign were worth $9,608,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Orion Portfolio Solutions LLC bought a new position in DocuSign in the 4th quarter worth about $1,073,000. denkapparat Operations GmbH bought a new position in DocuSign during the fourth quarter valued at approximately $885,000. Pictet Asset Management Holding SA lifted its stake in DocuSign by 41.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 118,551 shares of the company’s stock worth $10,662,000 after purchasing an additional 34,688 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in DocuSign by 20.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 179,453 shares of the company’s stock worth $16,140,000 after acquiring an additional 30,859 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in DocuSign in the fourth quarter valued at approximately $442,000. 77.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DOCU shares. Hsbc Global Res upgraded shares of DocuSign to a “moderate sell” rating in a report on Friday, December 6th. Wells Fargo & Company increased their target price on DocuSign from $70.00 to $73.00 and gave the stock an “underweight” rating in a research note on Friday, March 14th. Morgan Stanley increased their price target on shares of DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. raised DocuSign from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $70.00 to $75.00 in a research report on Monday, March 10th. Finally, UBS Group cut their target price on shares of DocuSign from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $95.00.

DocuSign Stock Down 1.4 %

Shares of NASDAQ:DOCU opened at $85.65 on Friday. The firm has a market cap of $17.34 billion, a PE ratio of 17.66, a PEG ratio of 6.94 and a beta of 1.02. The company’s 50 day moving average price is $87.30 and its two-hundred day moving average price is $80.98. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, topping 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 period in the prior year, the company posted $0.76 earnings per share. DocuSign’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, research analysts expect that DocuSign, Inc. will post 1.17 EPS for the current year.

Insider Buying and Selling

In related news, CEO Allan C. Thygesen sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $90.04, for a total value of $3,601,600.00. Following the completion of the transaction, the chief executive officer now directly owns 156,050 shares of the company’s stock, valued at approximately $14,050,742. This trade represents a 20.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Blake Jeffrey Grayson sold 16,111 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $83.20, for a total value of $1,340,435.20. Following the sale, the chief financial officer now owns 93,960 shares in the company, valued at approximately $7,817,472. This represents a 14.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,851 shares of company stock valued at $8,579,369. 1.66% of the stock is owned by insiders.

DocuSign Company 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.