Tredje AP fonden Sells 17,317 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Tredje AP fonden lessened its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 50.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,317 shares of the company’s stock after selling 17,317 shares during the period. Tredje AP fonden’s holdings in DocuSign were worth $1,557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC bought a new stake in shares of DocuSign during the fourth quarter valued at approximately $30,000. First Horizon Advisors Inc. raised its stake in shares of DocuSign by 102.6% during the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock valued at $36,000 after acquiring an additional 201 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of DocuSign during the fourth quarter valued at approximately $36,000. Itau Unibanco Holding S.A. bought a new position in DocuSign in the third quarter worth approximately $28,000. Finally, Avion Wealth raised its stake in DocuSign by 309.2% in the fourth quarter. Avion Wealth now owns 487 shares of the company’s stock worth $43,000 after buying an additional 368 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Analyst Upgrades and Downgrades

DOCU has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of DocuSign from $113.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank of Canada reissued a “sector perform” rating and issued a $90.00 price objective on shares of DocuSign in a research note on Friday. Piper Sandler boosted their price objective on shares of DocuSign from $60.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research note on Friday. Finally, Wedbush reissued a “neutral” rating and issued a $100.00 price objective on shares of DocuSign in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $95.58.

Insider Buying and Selling at DocuSign

In other DocuSign news, Director Teresa Briggs sold 534 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $94.60, for a total value of $50,516.40. Following the sale, the director now directly owns 7,736 shares of the company’s stock, valued at approximately $731,825.60. This represents a 6.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $86.90, for a total transaction of $695,200.00. Following the completion of the sale, the chief financial officer now directly owns 77,851 shares in the company, valued at approximately $6,765,251.90. The trade was a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,422 shares of company stock valued at $9,665,394. 1.66% of the stock is owned by insiders.

DocuSign Price Performance

Shares of DOCU opened at $85.76 on Friday. The firm has a market capitalization of $17.33 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 6.94 and a beta of 1.02. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86. The company’s fifty day moving average price is $87.97 and its 200-day moving average price is $79.22.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $776.25 million for the quarter, compared to analyst estimates of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 earnings per share. As a group, research analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

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.