Skandinaviska Enskilda Banken AB publ Sells 275,897 Shares of Docusign Inc. $DOCU

Skandinaviska Enskilda Banken AB publ decreased its position in Docusign Inc. (NASDAQ:DOCU) by 78.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 75,601 shares of the company’s stock after selling 275,897 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Docusign were worth $5,450,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Centaurus Financial Inc. raised its position in Docusign by 2.6% in the 2nd quarter. Centaurus Financial Inc. now owns 5,398 shares of the company’s stock valued at $420,000 after buying an additional 136 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Docusign by 0.7% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 21,422 shares of the company’s stock valued at $1,544,000 after purchasing an additional 149 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of Docusign by 5.7% in the second quarter. Moors & Cabot Inc. now owns 2,780 shares of the company’s stock worth $217,000 after purchasing an additional 150 shares in the last quarter. Savvy Advisors Inc. boosted its holdings in Docusign by 5.4% during the second quarter. Savvy Advisors Inc. now owns 3,090 shares of the company’s stock worth $241,000 after purchasing an additional 157 shares during the last quarter. Finally, iA Global Asset Management Inc. grew its position in Docusign by 2.1% in the second quarter. iA Global Asset Management Inc. now owns 7,872 shares of the company’s stock valued at $613,000 after purchasing an additional 160 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Docusign

In other Docusign news, CEO Allan C. Thygesen sold 26,250 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $69.60, for a total transaction of $1,827,000.00. Following the transaction, the chief executive officer owned 142,261 shares in the company, valued at $9,901,365.60. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Chatwani sold 13,818 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $68.33, for a total transaction of $944,183.94. Following the completion of the sale, the insider directly owned 70,197 shares of the company’s stock, valued at approximately $4,796,561.01. The trade was a 16.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 78,292 shares of company stock valued at $5,374,260 in the last 90 days. Corporate insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Robert W. Baird decreased their price objective on Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Zacks Research cut Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Piper Sandler decreased their target price on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of Docusign in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada cut their price target on shares of Docusign from $95.00 to $70.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Six analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $82.80.

Docusign Stock Performance

Shares of DOCU stock opened at $44.02 on Friday. Docusign Inc. has a 52 week low of $41.53 and a 52 week high of $94.67. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 1.96 and a beta of 1.00. The company has a 50-day simple moving average of $59.10 and a 200 day simple moving average of $67.80.

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.