Docusign Inc. $DOCU Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG decreased its position in shares of Docusign Inc. (NASDAQ:DOCU) by 50.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,462 shares of the company’s stock after selling 10,606 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Docusign were worth $754,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Docusign in the 2nd quarter valued at $43,000. First Horizon Advisors Inc. grew its position in Docusign by 48.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 590 shares of the company’s stock worth $46,000 after purchasing an additional 193 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of 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 buying an additional 585 shares during the period. CX Institutional boosted its stake in shares of Docusign by 5,860.0% in the third quarter. CX Institutional now owns 596 shares of the company’s stock worth $43,000 after buying an additional 586 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in Docusign by 106.3% during the second quarter. Hantz Financial Services Inc. now owns 848 shares of the company’s stock worth $66,000 after acquiring an additional 437 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Allan C. Thygesen sold 26,250 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $69.60, for a total value of $1,827,000.00. Following the completion of the sale, the chief executive officer owned 142,261 shares in the company, valued at $9,901,365.60. This represents a 15.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Blake Jeffrey Grayson sold 6,500 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $70.00, for a total value of $455,000.00. Following the sale, the chief financial officer directly owned 111,713 shares of the company’s stock, valued at approximately $7,819,910. This represents a 5.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 78,292 shares of company stock valued at $5,374,260. 1.01% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Zacks Research lowered Docusign from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Piper Sandler lowered their price target on Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Wedbush reduced their target price on Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. JPMorgan Chase & Co. cut their price target on shares of Docusign from $80.00 to $78.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of Docusign in a research report on Wednesday, December 17th. Six equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $85.13.

Docusign Trading Down 4.3%

NASDAQ:DOCU opened at $53.78 on Friday. The company has a market cap of $10.77 billion, a P/E ratio of 37.61, a P/E/G ratio of 2.77 and a beta of 0.99. The company’s 50-day moving average price is $65.66 and its 200-day moving average price is $71.13. Docusign Inc. has a twelve month low of $51.90 and a twelve month high of $99.30.

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.