Capital World Investors Has $249.36 Million Stake in DocuSign, Inc. (NASDAQ:DOCU)

Capital World Investors raised its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 0.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,187,356 shares of the company’s stock after acquiring an additional 2,479 shares during the period. Capital World Investors owned about 2.04% of DocuSign worth $249,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whittier Trust Co. boosted its position in DocuSign by 28.8% during the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock valued at $56,000 after purchasing an additional 209 shares during the last quarter. LaFleur & Godfrey LLC acquired a new position in DocuSign during the fourth quarter valued at approximately $228,000. Good Life Advisors LLC acquired a new position in DocuSign during the fourth quarter valued at approximately $248,000. SeaCrest Wealth Management LLC boosted its position in DocuSign by 2.2% during the fourth quarter. SeaCrest Wealth Management LLC now owns 11,087 shares of the company’s stock valued at $606,000 after purchasing an additional 243 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in DocuSign during the fourth quarter valued at approximately $32,000. 77.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JMP Securities reissued a “market outperform” rating and set a $84.00 price target on shares of DocuSign in a research report on Wednesday, July 10th. Robert W. Baird dropped their price objective on DocuSign from $65.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, June 7th. Piper Sandler dropped their price objective on DocuSign from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, June 7th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research note on Friday, June 7th. Finally, UBS Group upgraded DocuSign from a “sell” rating to a “neutral” rating and upped their price objective for the company from $48.00 to $62.00 in a research note on Friday, April 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $59.36.

Insiders Place Their Bets

In other DocuSign news, insider James P. Shaughnessy sold 1,800 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $50.98, for a total transaction of $91,764.00. Following the transaction, the insider now owns 35,703 shares in the company, valued at approximately $1,820,138.94. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other DocuSign news, insider James P. Shaughnessy sold 1,800 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $50.98, for a total value of $91,764.00. Following the sale, the insider now owns 35,703 shares of the company’s stock, valued at approximately $1,820,138.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Allan C. Thygesen sold 8,086 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $56.16, for a total value of $454,109.76. Following the completion of the sale, the chief executive officer now directly owns 99,546 shares in the company, valued at approximately $5,590,503.36. The disclosure for this sale can be found here. Insiders have sold a total of 117,518 shares of company stock worth $6,149,670 in the last 90 days. Company insiders own 1.66% of the company’s stock.

DocuSign Stock Performance

Shares of NASDAQ DOCU traded up $0.80 during trading hours on Friday, reaching $55.90. 1,008,983 shares of the stock were exchanged, compared to its average volume of 1,813,071. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 107.50, a P/E/G ratio of 8.57 and a beta of 0.94. DocuSign, Inc. has a 52 week low of $38.11 and a 52 week high of $64.76. The stock’s fifty day simple moving average is $54.36 and its 200 day simple moving average is $56.26.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. DocuSign had a return on equity of 15.44% and a net margin of 3.81%. The firm had revenue of $709.64 million for the quarter, compared to analyst estimates of $706.07 million. Research analysts predict that DocuSign, Inc. will post 0.88 EPS for the current fiscal year.

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.