Nomura Holdings Inc. Acquires Shares of 26,932 DocuSign, Inc. (NASDAQ:DOCU)

Nomura Holdings Inc. acquired a new stake in DocuSign, Inc. (NASDAQ:DOCU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,932 shares of the company’s stock, valued at approximately $2,422,000.

Other hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new position in DocuSign during the 4th quarter worth about $30,000. First Horizon Advisors Inc. lifted its position in shares of DocuSign by 102.6% in the 4th 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. Bessemer Group Inc. boosted its stake in shares of DocuSign by 490.0% during the fourth quarter. Bessemer Group Inc. now owns 472 shares of the company’s stock valued at $42,000 after purchasing an additional 392 shares in the last quarter. Avion Wealth increased 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 buying an additional 368 shares during the period. Finally, Avior Wealth Management LLC raised its stake in DocuSign by 36.5% in the fourth 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. Institutional investors own 77.64% of the company’s stock.

Analyst Upgrades and Downgrades

DOCU has been the topic of several recent research reports. UBS Group dropped their target price on DocuSign from $90.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Robert W. Baird set a $93.00 price objective on DocuSign in a research note on Friday, March 14th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research note on Thursday, April 17th. Jefferies Financial Group reduced their target price on shares of DocuSign from $115.00 to $105.00 and set a “buy” rating for the company in a report on Monday, March 31st. Finally, Hsbc Global Res upgraded shares of DocuSign from a “moderate sell” rating to a “hold” rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DocuSign currently has a consensus rating of “Hold” and a consensus target price of $92.46.

DocuSign Stock Up 2.1%

Shares of DocuSign stock opened at $92.42 on Friday. The firm has a market capitalization of $18.72 billion, a P/E ratio of 19.06, a PEG ratio of 6.94 and a beta of 1.21. The company has a 50 day moving average price of $81.19 and a 200 day moving average price of $85.09. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86.

DocuSign (NASDAQ:DOCU) last released its earnings results 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. The company had revenue of $776.25 million for 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%. DocuSign’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. As a group, research analysts anticipate that DocuSign, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $76.09, for a total value of $608,720.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total transaction of $609,825.00. Following the completion of the sale, the insider now directly owns 45,875 shares in the company, valued at $3,730,096.25. This trade represents a 14.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,851 shares of company stock worth $3,912,239 in the last 90 days. Insiders own 1.66% of the company’s stock.

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.