96,243 Shares in Docusign Inc. $DOCU Acquired by Heron Bay Capital Management

Heron Bay Capital Management acquired a new stake in Docusign Inc. (NASDAQ:DOCU) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 96,243 shares of the company’s stock, valued at approximately $4,275,000. Heron Bay Capital Management owned about 0.05% of Docusign as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Docusign by 23.3% during the 1st quarter. Bank of America Corp DE now owns 1,193,163 shares of the company’s stock worth $56,568,000 after buying an additional 225,801 shares in the last quarter. Capital World Investors increased its position in Docusign by 38.1% in the 4th quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock valued at $397,801,000 after acquiring an additional 1,603,900 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Docusign by 247.5% in the second quarter. Assenagon Asset Management S.A. now owns 349,038 shares of the company’s stock worth $15,504,000 after acquiring an additional 248,597 shares during the last quarter. CWM LLC raised its stake in shares of Docusign by 151.8% in the fourth quarter. CWM LLC now owns 47,290 shares of the company’s stock worth $3,235,000 after acquiring an additional 28,511 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Docusign during the fourth quarter worth approximately $6,897,000. Institutional investors own 77.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DOCU shares. Citizens Jmp reissued a “market outperform” rating and set a $86.00 price target on shares of Docusign in a research note on Tuesday. Wells Fargo & Company reduced their price objective on Docusign from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Citigroup reiterated a “market outperform” rating on shares of Docusign in a research report on Tuesday. Wall Street Zen cut Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Finally, UBS Group set a $60.00 target price on Docusign in a research report on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.27.

Insider Activity

In other news, insider Robert Chatwani sold 15,902 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $43.01, for a total value of $683,945.02. Following the transaction, the insider directly owned 72,805 shares in the company, valued at $3,131,343.05. This trade represents a 17.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James P. Shaughnessy sold 12,000 shares of Docusign stock in a transaction 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 sale, the insider directly owned 52,815 shares of the company’s stock, valued at approximately $2,405,195.10. This trade represents a 18.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 91,695 shares of company stock worth $4,376,002. Corporate insiders own 0.59% of the company’s stock.

Docusign Trading Down 0.4%

Shares of NASDAQ DOCU opened at $62.00 on Friday. Docusign Inc. has a 1 year low of $40.16 and a 1 year high of $86.65. The firm’s 50-day moving average is $51.59 and its 200-day moving average is $48.64. The firm has a market capitalization of $11.84 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 1.84 and a beta of 0.87.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, June 4th. The company reported $1.09 earnings per share for the quarter, topping 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 business had revenue of $830.24 million during the quarter, compared to the consensus estimate of $824.71 million. During the same period in the previous year, the firm posted $0.90 earnings per share. Docusign’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Docusign Inc. will post 2.03 earnings per share for the current fiscal year.

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.