DocuSign, Inc. (NASDAQ:DOCU) Shares Bought by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft boosted its position in DocuSign, Inc. (NASDAQ:DOCU) by 13.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,517 shares of the company’s stock after buying an additional 2,017 shares during the period. Baader Bank Aktiengesellschaft’s holdings in DocuSign were worth $937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of DOCU. New York State Teachers Retirement System grew its position in DocuSign by 0.9% during the 4th quarter. New York State Teachers Retirement System now owns 18,282 shares of the company’s stock worth $1,087,000 after purchasing an additional 163 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in DocuSign by 2.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,975 shares of the company’s stock worth $415,000 after purchasing an additional 184 shares during the period. Motley Fool Asset Management LLC grew its position in DocuSign by 6.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 3,960 shares of the company’s stock worth $236,000 after purchasing an additional 224 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in DocuSign by 0.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,899 shares of the company’s stock worth $4,617,000 after purchasing an additional 239 shares during the period. Finally, SeaCrest Wealth Management LLC grew its position in DocuSign by 2.2% during the 1st quarter. SeaCrest Wealth Management LLC now owns 11,327 shares of the company’s stock worth $675,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

DocuSign Trading Up 1.6 %

DocuSign stock traded up $0.87 during mid-day trading on Thursday, hitting $56.46. The company’s stock had a trading volume of 1,261,178 shares, compared to its average volume of 2,722,044. The firm has a market capitalization of $11.56 billion, a PE ratio of 108.29, a price-to-earnings-growth ratio of 8.34 and a beta of 0.94. DocuSign, Inc. has a 1 year low of $38.11 and a 1 year high of $64.76. The stock’s fifty day moving average is $53.44 and its two-hundred day moving average is $55.45.

DocuSign (NASDAQ:DOCU) last posted its earnings results on Thursday, June 6th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.09. DocuSign had a net margin of 3.81% and a return on equity of 15.44%. The firm had revenue of $709.64 million during the quarter, compared to the consensus estimate of $706.07 million. On average, equities analysts expect that DocuSign, Inc. will post 0.88 EPS for the current fiscal year.

Insider Activity

In related news, insider James P. Shaughnessy sold 1,800 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $50.98, for a total value of $91,764.00. Following the transaction, the insider now directly owns 35,703 shares of the company’s stock, valued at approximately $1,820,138.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Daniel D. Springer sold 70,983 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.84, for a total value of $3,537,792.72. Following the completion of the sale, the director now directly owns 891,373 shares of the company’s stock, valued at approximately $44,426,030.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James P. Shaughnessy sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $50.98, for a total value of $91,764.00. Following the completion of the sale, the insider now directly owns 35,703 shares of the company’s stock, valued at $1,820,138.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 475,192 shares of company stock worth $25,095,034. 1.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on DOCU shares. Morgan Stanley cut their price objective on shares of DocuSign from $65.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, June 7th. Citigroup cut their price objective on shares of DocuSign from $93.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Piper Sandler cut their price objective 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. JMP Securities restated a “market outperform” rating and set a $84.00 price objective on shares of DocuSign in a research report on Wednesday, July 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $59.36.

DocuSign 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.