Nykredit A S Purchases Shares of 9,680 Docusign Inc. $DOCU

Nykredit A S acquired a new stake in shares of Docusign Inc. (NASDAQ:DOCU) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,680 shares of the company’s stock, valued at approximately $430,000.

Several other large investors have also modified their holdings of DOCU. Bank of America Corp DE boosted its holdings in shares of Docusign by 23.3% in the first quarter. Bank of America Corp DE now owns 1,193,163 shares of the company’s stock worth $56,568,000 after buying an additional 225,801 shares during the period. Capital World Investors raised its holdings in shares of Docusign by 38.1% during the fourth quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock valued at $397,801,000 after acquiring an additional 1,603,900 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Docusign by 247.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 349,038 shares of the company’s stock valued at $15,504,000 after acquiring an additional 248,597 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Docusign in the 4th quarter valued at approximately $6,897,000. Finally, Los Angeles Capital Management LLC acquired a new position in Docusign in the 4th quarter worth approximately $1,750,000. 77.64% of the stock is owned by institutional investors.

Insider Transactions at Docusign

In other Docusign news, insider Robert Chatwani sold 15,902 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $43.01, for a total value of $683,945.02. Following the transaction, the insider directly owned 72,805 shares of the company’s stock, valued at $3,131,343.05. This represents a 17.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James Shaughnessy sold 12,000 shares of Docusign stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total value of $546,480.00. Following the sale, the insider owned 52,815 shares of the company’s stock, valued at approximately $2,405,195.10. This represents a 18.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 135,602 shares of company stock valued at $7,407,299. Corporate insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DOCU. Wells Fargo & Company lifted their price objective on shares of Docusign from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday. Bank of America raised their target price on Docusign from $58.00 to $64.00 and gave the stock an “underperform” rating in a research report on Friday, September 4th. Jefferies Financial Group lifted their price target on Docusign from $45.00 to $50.00 and gave the company a “hold” rating in a report on Friday, June 5th. Piper Sandler upped their price target on Docusign from $52.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Wall Street Zen downgraded Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $67.33.

Docusign Stock Down 4.9%

Shares of NASDAQ:DOCU opened at $65.08 on Wednesday. The firm has a fifty day moving average of $56.58 and a two-hundred day moving average of $50.21. Docusign Inc. has a 12-month low of $40.16 and a 12-month high of $86.65. The firm has a market capitalization of $12.43 billion, a P/E ratio of 39.68, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. Docusign had a net margin of 9.82% and a return on equity of 18.29%. The business had revenue of $875.75 million for the quarter, compared to the consensus estimate of $867.22 million. During the same period in the prior year, the business posted $0.30 earnings per share. Docusign’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts expect that Docusign Inc. will post 2.03 earnings per share for the current fiscal year.

Docusign Profile

Docusign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, Docusign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, Docusign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

Docusign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.