Docusign Inc. $DOCU Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Docusign Inc. (NASDAQ:DOCU) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 355,990 shares of the company’s stock after purchasing an additional 65,789 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Docusign were worth $24,384,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new stake in shares of Docusign during the fourth quarter valued at approximately $25,000. True Wealth Design LLC grew its holdings in Docusign by 105.2% in the 4th quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $30,000 after buying an additional 222 shares in the last quarter. Aventura Private Wealth LLC bought a new position in Docusign in the 4th quarter worth approximately $30,000. SJS Investment Consulting Inc. increased its position in Docusign by 5,318.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock valued at $43,000 after acquiring an additional 585 shares during the period. Finally, CX Institutional increased its position in Docusign by 5,860.0% in the 3rd quarter. CX Institutional now owns 596 shares of the company’s stock valued at $43,000 after acquiring an additional 586 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America assumed coverage on Docusign in a research report on Tuesday, March 31st. They set an “underperform” rating and a $52.00 price target for the company. Jefferies Financial Group lowered Docusign from a “buy” rating to a “hold” rating and lowered their price target for the company from $105.00 to $45.00 in a report on Monday, February 23rd. UBS Group cut their price objective on shares of Docusign from $75.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Citigroup downgraded shares of Docusign from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $99.00 to $50.00 in a report on Friday, April 10th. Finally, Weiss Ratings lowered shares of Docusign from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.40.

Insider Buying and Selling at Docusign

In other Docusign news, CEO Allan C. Thygesen sold 26,250 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $47.78, for a total value of $1,254,225.00. Following the sale, the chief executive officer directly owned 152,237 shares in the company, valued at approximately $7,273,883.86. The trade was a 14.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James P. Shaughnessy sold 12,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $46.83, for a total transaction of $561,960.00. Following the completion of the sale, the insider directly owned 53,631 shares of the company’s stock, valued at $2,511,539.73. The trade was a 18.28% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 64,673 shares of company stock valued at $3,077,699. Corporate insiders own 1.01% of the company’s stock.

Docusign Price Performance

DOCU opened at $45.02 on Friday. The business has a 50 day moving average price of $46.40 and a two-hundred day moving average price of $58.60. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. Docusign Inc. has a 1-year low of $40.16 and a 1-year high of $94.67.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings results on Tuesday, March 17th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.06. Docusign had a return on equity of 16.86% and a net margin of 9.60%.The company had revenue of $836.86 million for the quarter, compared to analysts’ expectations of $828.23 million. During the same period last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts expect that Docusign Inc. will post 1.76 EPS for the current fiscal year.

Docusign announced that its board has approved a stock repurchase plan on Tuesday, March 17th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to purchase up to 21% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.