WINTON GROUP Ltd Decreases Stake in DocuSign, Inc. (NASDAQ:DOCU)

WINTON GROUP Ltd lowered its position in DocuSign, Inc. (NASDAQ:DOCU) by 21.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,503 shares of the company’s stock after selling 6,803 shares during the period. WINTON GROUP Ltd’s holdings in DocuSign were worth $1,311,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DOCU. Dakota Wealth Management lifted its holdings in shares of 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 purchasing an additional 181 shares in the last quarter. New York State Teachers Retirement System lifted its stake in DocuSign by 1.0% in the 1st quarter. New York State Teachers Retirement System now owns 18,469 shares of the company’s stock valued at $1,100,000 after buying an additional 187 shares in the last quarter. Motley Fool Asset Management LLC grew its holdings in DocuSign by 6.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 3,960 shares of the company’s stock valued at $236,000 after buying an additional 224 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in DocuSign by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,899 shares of the company’s stock worth $4,617,000 after buying an additional 239 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in shares of DocuSign by 2.2% in the first quarter. SeaCrest Wealth Management LLC now owns 11,327 shares of the company’s stock worth $675,000 after acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Transactions at DocuSign

In related news, Director Daniel D. Springer sold 287,052 shares of DocuSign stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $53.78, for a total transaction of $15,437,656.56. Following the transaction, the director now owns 923,445 shares in the company, valued at approximately $49,662,872.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other DocuSign news, CEO Allan C. Thygesen sold 7,911 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $53.77, for a total value of $425,374.47. Following the completion of the sale, the chief executive officer now owns 117,643 shares of the company’s stock, valued at $6,325,664.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel D. Springer sold 287,052 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $53.78, for a total transaction of $15,437,656.56. Following the transaction, the director now directly owns 923,445 shares in the company, valued at $49,662,872.10. The disclosure for this sale can be found here. Insiders sold 480,618 shares of company stock valued at $25,432,336 over the last 90 days. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DOCU. Citigroup increased their price objective on DocuSign from $86.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Piper Sandler lowered their price target on shares of DocuSign from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Wells Fargo & Company boosted their price objective 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. Bank of America raised their target price on shares of DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Robert W. Baird boosted their price target on DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $61.45.

DocuSign Trading Up 0.2 %

Shares of DocuSign stock opened at $56.63 on Monday. The business’s fifty day moving average price is $55.57 and its 200 day moving average price is $56.09. DocuSign, Inc. has a twelve month low of $38.11 and a twelve month high of $64.76. The stock has a market capitalization of $11.59 billion, a P/E ratio of 108.90, a PEG ratio of 5.99 and a beta of 0.93.

DocuSign (NASDAQ:DOCU) last released 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. The business had revenue of $736.03 million for the quarter, compared to analyst estimates of $727.20 million. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. As a group, sell-side analysts predict that DocuSign, Inc. will post 0.99 EPS for the current 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.