Green Alpha Advisors LLC Invests $431,000 in Docusign Inc. $DOCU

Green Alpha Advisors LLC purchased a new position in Docusign Inc. (NASDAQ:DOCU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,704 shares of the company’s stock, valued at approximately $431,000.

A number of other hedge funds also recently bought and sold shares of the company. Modus Advisors LLC bought a new stake in Docusign during the 4th quarter valued at about $27,000. Torren Management LLC purchased a new position in Docusign in the fourth quarter worth about $28,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Docusign by 309.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company’s stock worth $38,000 after buying an additional 424 shares in the last quarter. Basepoint Wealth LLC bought a new position in shares of Docusign in the fourth quarter worth approximately $39,000. Finally, WealthCollab LLC grew its holdings in shares of Docusign by 372.4% during the first quarter. WealthCollab LLC now owns 855 shares of the company’s stock valued at $41,000 after buying an additional 674 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Insider Buying and Selling

In other Docusign news, insider Robert Chatwani sold 15,902 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $43.01, for a total transaction of $683,945.02. Following the completion of the sale, the insider directly owned 72,805 shares in the company, valued at approximately $3,131,343.05. The trade was a 17.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Blake Jeffrey Grayson sold 15,000 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $60.00, for a total value of $900,000.00. Following the transaction, the chief financial officer directly owned 126,429 shares in the company, valued at $7,585,740. The trade was a 10.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 91,695 shares of company stock valued at $4,376,002 in the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DOCU shares. BTIG Research reduced their price target on shares of Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, June 5th. UBS Group set a $60.00 price objective on Docusign in a research report on Friday, June 5th. Weiss Ratings upgraded Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Wells Fargo & Company reduced their target price on Docusign from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. Finally, Wall Street Zen lowered Docusign from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 2nd. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.27.

Docusign Stock Down 0.4%

Shares of NASDAQ DOCU opened at $62.00 on Friday. The firm’s 50-day moving average price is $51.59 and its 200-day moving average price is $48.64. The company has a market cap of $11.84 billion, a PE ratio of 40.26, a PEG ratio of 1.84 and a beta of 0.87. Docusign Inc. has a 52-week low of $40.16 and a 52-week high of $86.65.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings results on Thursday, June 4th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Docusign had a net margin of 9.59% and a return on equity of 17.48%. The firm had revenue of $830.24 million during the quarter, compared to analyst estimates of $824.71 million. During the same period in the previous year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that Docusign Inc. will post 2.03 EPS for the current fiscal year.

Docusign Company 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.