Sei Investments Co. Purchases 196,769 Shares of Docusign Inc. $DOCU

Sei Investments Co. raised its position in Docusign Inc. (NASDAQ:DOCU) by 238.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 279,457 shares of the company’s stock after acquiring an additional 196,769 shares during the period. Sei Investments Co.’s holdings in Docusign were worth $13,249,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Docusign in the 4th quarter worth $186,795,000. Capital World Investors increased its stake in Docusign by 38.1% during the 4th quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock valued at $397,801,000 after purchasing an additional 1,603,900 shares in the last quarter. SG Americas Securities LLC raised its holdings in Docusign by 452.3% during the first quarter. SG Americas Securities LLC now owns 1,314,632 shares of the company’s stock worth $62,327,000 after buying an additional 1,076,622 shares during the last quarter. Woodline Partners LP raised its holdings in Docusign by 24,412.7% during the third quarter. Woodline Partners LP now owns 958,938 shares of the company’s stock worth $69,130,000 after buying an additional 955,026 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Docusign by 46.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,001,132 shares of the company’s stock valued at $205,277,000 after buying an additional 946,512 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DOCU shares. Wells Fargo & Company reduced their price objective on shares of Docusign from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. Weiss Ratings raised shares of Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded Docusign from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. UBS Group set a $60.00 price objective on Docusign in a report on Friday, June 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Docusign in a report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.27.

Docusign Price Performance

NASDAQ DOCU opened at $54.29 on Friday. Docusign Inc. has a 1 year low of $40.16 and a 1 year high of $86.65. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.71 and a beta of 0.90. The company has a fifty day moving average price of $48.31 and a 200-day moving average price of $48.41.

Docusign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, June 4th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. Docusign had a net margin of 9.59% and a return on equity of 17.48%. The company had revenue of $830.24 million for the quarter, compared to analyst estimates of $824.71 million. During the same period last year, the firm earned $0.90 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. On average, research analysts anticipate that Docusign Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at Docusign

In other Docusign news, insider Robert Chatwani sold 15,902 shares of Docusign stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $43.01, for a total transaction of $683,945.02. Following the transaction, the insider owned 72,805 shares of the company’s stock, valued at $3,131,343.05. This trade represents a 17.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James P. Shaughnessy sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total value of $546,480.00. Following the completion of the transaction, the insider owned 52,815 shares in the company, valued at $2,405,195.10. The trade was a 18.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 76,695 shares of company stock worth $3,476,002. Company insiders own 0.59% of the company’s stock.

Docusign 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.