Paradiem LLC Has $780,000 Stake in Docusign Inc. $DOCU

Paradiem LLC reduced its stake in shares of Docusign Inc. (NASDAQ:DOCU) by 73.8% in the 3rd quarter, Holdings Channel reports. The firm owned 10,820 shares of the company’s stock after selling 30,524 shares during the quarter. Paradiem LLC’s holdings in Docusign were worth $780,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DOCU. Banque Transatlantique SA acquired a new stake in shares of Docusign in the first quarter valued at about $26,000. Rise Advisors LLC boosted its holdings in Docusign by 864.6% in the first quarter. Rise Advisors LLC now owns 463 shares of the company’s stock valued at $38,000 after acquiring an additional 415 shares during the last quarter. WPG Advisers LLC acquired a new stake in Docusign during the 1st quarter valued at approximately $39,000. Twin Peaks Wealth Advisors LLC bought a new position in Docusign during the 2nd quarter worth approximately $43,000. Finally, First Horizon Advisors Inc. raised its holdings 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 last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Bank of America reduced their price objective on shares of Docusign from $102.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Evercore ISI cut their price target on shares of Docusign from $92.00 to $80.00 and set an “in-line” rating on the stock in a research report on Friday, December 5th. JMP Securities reissued a “market outperform” rating and issued a $124.00 price objective on shares of Docusign in a research report on Friday, October 3rd. Piper Sandler cut their target price on Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Finally, Wedbush decreased 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. Six research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $86.80.

Insider Transactions at Docusign

In related news, CFO Blake Jeffrey Grayson sold 9,515 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $68.33, for a total value of $650,159.95. Following the transaction, the chief financial officer directly owned 118,213 shares in the company, valued at $8,077,494.29. This trade represents a 7.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Chatwani sold 13,818 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $68.33, for a total transaction of $944,183.94. Following the sale, the insider owned 70,197 shares of the company’s stock, valued at $4,796,561.01. This trade represents a 16.45% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 87,542 shares of company stock valued at $6,097,905. Company insiders own 1.01% of the company’s stock.

Docusign Price Performance

Shares of DOCU opened at $69.97 on Friday. Docusign Inc. has a one year low of $63.41 and a one year high of $99.30. The company has a market cap of $14.01 billion, a PE ratio of 48.93, a P/E/G ratio of 3.51 and a beta of 0.98. The stock has a 50-day moving average of $69.12 and a 200-day moving average of $73.44.

About Docusign

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.