Whittier Trust Co. of Nevada Inc. Has $55,000 Position in DocuSign, Inc. (NASDAQ:DOCU)

Whittier Trust Co. of Nevada Inc. lowered its position in DocuSign, Inc. (NASDAQ:DOCU) by 35.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 893 shares of the company’s stock after selling 500 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in DocuSign were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Resonant Capital Advisors LLC boosted its holdings in DocuSign by 0.9% in the third quarter. Resonant Capital Advisors LLC now owns 17,516 shares of the company’s stock valued at $1,088,000 after acquiring an additional 157 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in DocuSign by 6.0% in the third quarter. V Square Quantitative Management LLC now owns 3,019 shares of the company’s stock valued at $187,000 after acquiring an additional 172 shares during the last quarter. Dakota Wealth Management boosted its holdings in DocuSign by 0.8% in the second quarter. Dakota Wealth Management now owns 23,022 shares of the company’s stock valued at $1,232,000 after acquiring an additional 181 shares during the last quarter. Sovereign Financial Group Inc. boosted its holdings in DocuSign by 4.3% in the third quarter. Sovereign Financial Group Inc. now owns 4,487 shares of the company’s stock valued at $279,000 after acquiring an additional 184 shares during the last quarter. Finally, DMC Group LLC boosted its holdings in DocuSign by 4.6% in the third quarter. DMC Group LLC now owns 4,561 shares of the company’s stock valued at $283,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Transactions at DocuSign

In other news, CFO Blake Jeffrey Grayson sold 9,552 shares of DocuSign stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $68.80, for a total transaction of $657,177.60. Following the sale, the chief financial officer now directly owns 78,265 shares in the company, valued at $5,384,632. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Blake Jeffrey Grayson sold 9,552 shares of DocuSign stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $68.80, for a total transaction of $657,177.60. Following the sale, the chief financial officer now directly owns 78,265 shares in the company, valued at $5,384,632. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James P. Shaughnessy sold 7,500 shares of DocuSign stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $67.83, for a total value of $508,725.00. Following the sale, the insider now owns 43,301 shares in the company, valued at $2,937,106.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 427,554 shares of company stock worth $23,129,150 in the last ninety days. Company insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on DOCU shares. Robert W. Baird upped their target price on DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a report on Friday, September 6th. Royal Bank of Canada increased their price target on DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a report on Friday, September 6th. Citigroup lifted their price target on shares of DocuSign from $86.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company lifted their price target on shares of DocuSign from $48.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.40.

DocuSign Trading Up 0.0 %

Shares of NASDAQ:DOCU opened at $70.58 on Friday. The stock’s fifty day simple moving average is $61.35 and its two-hundred day simple moving average is $57.50. DocuSign, Inc. has a 1-year low of $38.11 and a 1-year high of $73.80. The stock has a market cap of $14.45 billion, a PE ratio of 135.73, a price-to-earnings-growth ratio of 7.33 and a beta of 0.92.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.17. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The business had revenue of $736.03 million for the quarter, compared to analysts’ expectations of $727.20 million. During the same period last year, the business earned $0.09 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that DocuSign, Inc. will post 1.01 earnings per share for the current fiscal year.

DocuSign Company Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.