Docusign Inc. $DOCU Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of Docusign Inc. (NASDAQ:DOCU) by 1,894.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,010 shares of the company’s stock after buying an additional 226,076 shares during the quarter. SG Americas Securities LLC’s holdings in Docusign were worth $16,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DOCU. Centaurus Financial Inc. boosted its stake in shares of Docusign by 2.6% during the 2nd quarter. Centaurus Financial Inc. now owns 5,398 shares of the company’s stock worth $420,000 after purchasing an additional 136 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its position 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 buying an additional 149 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Docusign by 15.1% during the third quarter. EverSource Wealth Advisors LLC now owns 1,229 shares of the company’s stock valued at $89,000 after buying an additional 161 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Docusign by 8.2% during the second quarter. Smartleaf Asset Management LLC now owns 2,169 shares of the company’s stock valued at $166,000 after buying an additional 165 shares during the period. Finally, Americana Partners LLC boosted its position in Docusign by 3.3% during the third quarter. Americana Partners LLC now owns 5,467 shares of the company’s stock worth $394,000 after acquiring an additional 176 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Docusign

In related news, CEO Allan C. Thygesen sold 26,250 shares of Docusign stock in a transaction on Friday, January 9th. The stock was sold at an average price of $69.60, for a total value of $1,827,000.00. Following the transaction, the chief executive officer owned 142,261 shares in the company, valued at approximately $9,901,365.60. This trade represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Blake Jeffrey Grayson sold 6,500 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $70.00, for a total value of $455,000.00. Following the sale, the chief financial officer owned 111,713 shares of the company’s stock, valued at $7,819,910. This represents a 5.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 68,173 shares of company stock valued at $4,324,684 in the last ninety days. Company insiders own 1.01% of the company’s stock.

Docusign Stock Down 3.1%

NASDAQ:DOCU opened at $45.71 on Friday. The company has a market cap of $8.89 billion, a P/E ratio of 30.89, a P/E/G ratio of 1.92 and a beta of 1.03. Docusign Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $94.67. The firm’s 50 day moving average is $48.28 and its two-hundred day moving average is $62.97.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Tuesday, March 17th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.06. The company had revenue of $836.86 million during the quarter, compared to analysts’ expectations of $828.23 million. Docusign had a net margin of 9.60% and a return on equity of 16.86%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS. Research analysts forecast that Docusign Inc. will post 1.17 earnings per share for the current fiscal year.

Docusign announced that its board has initiated a share buyback program on Tuesday, March 17th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to buy up to 21% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Evercore cut their price target on Docusign from $92.00 to $80.00 and set an “in-line” rating for the company in a report on Friday, December 5th. Piper Sandler decreased their price objective on Docusign from $75.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Morgan Stanley lowered their price objective on Docusign from $90.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 18th. Jefferies Financial Group lowered Docusign from a “buy” rating to a “hold” rating and dropped their target price for the company from $105.00 to $45.00 in a research note on Monday, February 23rd. Finally, Wells Fargo & Company decreased their price target on Docusign from $75.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.67.

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.