Docusign Inc. $DOCU Shares Newly Bought by Curated Wealth Partners LLC

Curated Wealth Partners LLC purchased a new position in shares of Docusign Inc. (NASDAQ:DOCU) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,161 shares of the company’s stock, valued at approximately $548,000.

A number of other large investors have also recently added to or reduced their stakes in DOCU. Tred Avon Family Wealth LLC grew its holdings in Docusign by 3.6% during the first quarter. Tred Avon Family Wealth LLC now owns 6,176 shares of the company’s stock valued at $293,000 after purchasing an additional 215 shares during the last quarter. Riversedge Advisors LLC grew its stake in Docusign by 4.5% in the 3rd quarter. Riversedge Advisors LLC now owns 5,182 shares of the company’s stock valued at $348,000 after buying an additional 225 shares during the last quarter. First Citizens Bank & Trust Co. lifted its position in Docusign by 2.1% during the 1st quarter. First Citizens Bank & Trust Co. now owns 11,745 shares of the company’s stock worth $557,000 after acquiring an additional 239 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Docusign by 2.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 14,359 shares of the company’s stock worth $638,000 after acquiring an additional 277 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its holdings in Docusign by 3.4% during the first quarter. OMERS ADMINISTRATION Corp now owns 8,878 shares of the company’s stock valued at $421,000 after acquiring an additional 296 shares during the period. Institutional investors own 77.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DOCU shares. Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a research note on Friday, September 4th. Morgan Stanley increased their target price on Docusign from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, September 4th. Weiss Ratings raised Docusign from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Robert W. Baird raised their target price on Docusign from $55.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Finally, UBS Group lifted their price target on Docusign from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.33.

Docusign Stock Performance

Shares of Docusign stock opened at $74.65 on Friday. The firm’s 50-day simple moving average is $66.66 and its 200-day simple moving average is $54.71. Docusign Inc. has a twelve month low of $40.16 and a twelve month high of $78.80. The firm has a market cap of $13.95 billion, a P/E ratio of 46.14, a price-to-earnings-growth ratio of 2.86 and a beta of 0.86.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.07. Docusign had a net margin of 9.82% and a return on equity of 18.29%. The firm had revenue of $875.75 million during the quarter, compared to analyst estimates of $867.22 million. During the same quarter in the prior year, the business posted $0.30 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that Docusign Inc. will post 2.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Docusign

In related news, insider Robert Chatwani sold 14,676 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $69.41, for a total transaction of $1,018,661.16. Following the completion of the transaction, the insider owned 75,928 shares in the company, valued at $5,270,162.48. This trade represents a 16.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Blake Grayson sold 30,000 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $70.00, for a total value of $2,100,000.00. Following the completion of the sale, the chief financial officer directly owned 96,429 shares in the company, valued at approximately $6,750,030. This represents a 23.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 165,868 shares of company stock worth $11,121,890 over the last three months. 0.59% of the stock is currently owned by insiders.

About Docusign

DocuSign, Inc (NASDAQ:DOCU) provides cloud-based software for electronically signing, managing and automating agreements. Its platform enables individuals and organizations to prepare, send, sign, track and store documents digitally, helping replace paper-based contracting processes.

The company’s offerings include electronic signature tools, contract lifecycle management, identity verification and authentication services, document generation, agreement analytics and related workflow automation capabilities.