Fieldview Capital Management LLC Takes Position in Docusign Inc. $DOCU

Fieldview Capital Management LLC bought a new stake in shares of Docusign Inc. (NASDAQ:DOCU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,352 shares of the company’s stock, valued at approximately $913,000.

Other institutional investors have also recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new stake in shares of Docusign during the 4th quarter valued at $25,000. Modus Advisors LLC bought a new stake in shares of Docusign during the 4th quarter worth $27,000. Torren Management LLC bought a new stake in shares of Docusign during the 4th quarter worth $28,000. True Wealth Design LLC lifted its position in shares of Docusign by 105.2% during the 4th quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $30,000 after buying an additional 222 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in shares of Docusign during the 4th quarter worth $30,000. 77.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Docusign

In related news, insider James P. Shaughnessy sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $46.83, for a total transaction of $561,960.00. Following the completion of the sale, the insider owned 53,631 shares of the company’s stock, valued at $2,511,539.73. This trade represents a 18.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mary Agnes Wilderotter sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $48.15, for a total value of $144,450.00. Following the sale, the director directly owned 59,803 shares of the company’s stock, valued at $2,879,514.45. This represents a 4.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,489 shares of company stock valued at $3,125,814 over the last ninety days. Insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DOCU. Wedbush dropped their price objective on Docusign from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Citigroup upped their price objective on Docusign from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, June 5th. Robert W. Baird dropped their price objective on Docusign from $75.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Morgan Stanley dropped their price objective on Docusign from $90.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 18th. Finally, Royal Bank Of Canada dropped their price objective on Docusign from $70.00 to $55.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.27.

Docusign Stock Performance

Shares of DOCU stock opened at $45.03 on Monday. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 1.36 and a beta of 0.92. The stock has a 50-day moving average of $47.56 and a 200-day moving average of $53.38. Docusign Inc. has a 1-year low of $40.16 and a 1-year high of $86.65.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, June 4th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The company had revenue of $830.24 million during the quarter, compared to analysts’ expectations of $824.71 million. Docusign had a return on equity of 17.48% and a net margin of 9.59%.The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Sell-side analysts forecast that Docusign Inc. will post 1.97 earnings per share for the current year.

Docusign announced that its board has approved a stock repurchase program on Tuesday, March 17th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to reacquire up to 21% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.