BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 10,305 Shares of DocuSign, Inc. (NASDAQ:DOCU)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its position in DocuSign, Inc. (NASDAQ:DOCU) by 3.4% in the 3rd quarter, Holdings Channel reports. The firm owned 295,359 shares of the company’s stock after selling 10,305 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in DocuSign were worth $18,339,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. boosted its stake in DocuSign by 2.0% during the third quarter. J.W. Cole Advisors Inc. now owns 7,946 shares of the company’s stock valued at $493,000 after buying an additional 155 shares during the period. Resonant Capital Advisors LLC boosted its position in shares of DocuSign by 0.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 17,516 shares of the company’s stock valued at $1,088,000 after acquiring an additional 157 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of DocuSign by 6.0% during the third quarter. V Square Quantitative Management LLC now owns 3,019 shares of the company’s stock worth $187,000 after purchasing an additional 172 shares in the last quarter. Dakota Wealth Management increased its position in shares of DocuSign by 0.8% in the second quarter. Dakota Wealth Management now owns 23,022 shares of the company’s stock worth $1,232,000 after purchasing an additional 181 shares during the last quarter. Finally, Covestor Ltd raised its stake in DocuSign by 5.8% in the third quarter. Covestor Ltd now owns 3,306 shares of the company’s stock valued at $205,000 after purchasing an additional 182 shares in the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

DocuSign Stock Performance

Shares of DocuSign stock opened at $83.03 on Friday. DocuSign, Inc. has a 52-week low of $42.13 and a 52-week high of $83.68. The company’s 50 day moving average price is $69.47 and its 200-day moving average price is $60.23. The stock has a market capitalization of $16.85 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 8.41 and a beta of 0.90.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.17. The business had revenue of $736.03 million for the quarter, compared to analyst estimates of $727.20 million. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. As a group, equities research analysts forecast that DocuSign, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 9,552 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $68.80, for a total transaction of $657,177.60. Following the transaction, the chief financial officer now directly owns 78,265 shares of the company’s stock, valued at approximately $5,384,632. The trade was a 10.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Allan C. Thygesen sold 7,764 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $69.95, for a total transaction of $543,091.80. Following the completion of the sale, the chief executive officer now directly owns 107,825 shares of the company’s stock, valued at approximately $7,542,358.75. This represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,558 shares of company stock valued at $4,272,768 in the last 90 days. Insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DOCU. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a report on Friday, September 6th. Citigroup lifted their price target on DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. JMP Securities increased their price objective on DocuSign from $84.00 to $108.00 and gave the company a “market outperform” rating in a research report on Friday. Royal Bank of Canada boosted their target price on DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company increased their price target on shares of DocuSign from $48.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, DocuSign presently has an average rating of “Hold” and an average target price of $65.80.

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.