Docusign Inc. $DOCU Stock Holdings Lifted by Neuberger Berman Group LLC

Neuberger Berman Group LLC raised its position in shares of Docusign Inc. (NASDAQ:DOCU) by 145.5% in the third quarter, Holdings Channel reports. The firm owned 125,952 shares of the company’s stock after buying an additional 74,658 shares during the period. Neuberger Berman Group LLC’s holdings in Docusign were worth $9,080,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC grew its position in Docusign by 36.4% in the first quarter. NewEdge Advisors LLC now owns 9,202 shares of the company’s stock worth $749,000 after acquiring an additional 2,457 shares in the last quarter. Atria Investments Inc lifted its stake in shares of Docusign by 5.6% in the 2nd quarter. Atria Investments Inc now owns 8,455 shares of the company’s stock valued at $659,000 after purchasing an additional 449 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in 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. First Horizon Advisors Inc. increased its position in Docusign by 48.6% during the second quarter. First Horizon Advisors Inc. now owns 590 shares of the company’s stock worth $46,000 after buying an additional 193 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its holdings in Docusign by 3.4% during the second quarter. Resona Asset Management Co. Ltd. now owns 66,958 shares of the company’s stock valued at $5,203,000 after buying an additional 2,232 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Insider Buying and Selling at Docusign

In related news, CEO Allan C. Thygesen sold 26,250 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $69.60, for a total transaction of $1,827,000.00. Following the completion of the transaction, the chief executive officer directly owned 142,261 shares in the company, valued at $9,901,365.60. This represents a 15.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James P. Shaughnessy sold 12,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $67.03, for a total transaction of $804,360.00. Following the completion of the sale, the insider owned 54,550 shares in the company, valued at $3,656,486.50. This represents a 18.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 77,476 shares of company stock valued at $5,302,678 in the last three months. 1.01% of the stock is owned by insiders.

Docusign Stock Up 1.0%

Shares of DOCU stock opened at $48.69 on Friday. Docusign Inc. has a 12 month low of $40.16 and a 12 month high of $94.67. The firm has a market cap of $9.75 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. The stock has a 50 day moving average of $53.84 and a 200-day moving average of $65.81.

Analysts Set New Price Targets

Several analysts have recently issued reports on DOCU shares. Evercore decreased their price target on Docusign from $92.00 to $80.00 and set an “in-line” rating for the company in a research note on Friday, December 5th. Wedbush cut their price objective on Docusign from $85.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. UBS Group decreased their target price on Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Cantor Fitzgerald reiterated an “outperform” rating on shares of Docusign in a report on Wednesday, December 17th. Finally, Jefferies Financial Group cut shares of Docusign from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $105.00 to $45.00 in a research note on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, Docusign has a consensus rating of “Hold” and a consensus price target of $78.80.

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.