Susquehanna Fundamental Investments LLC Boosts Holdings in Docusign Inc. $DOCU

Susquehanna Fundamental Investments LLC lifted its position in shares of Docusign Inc. (NASDAQ:DOCU) by 585.6% during the second quarter, HoldingsChannel reports. The firm owned 415,810 shares of the company’s stock after purchasing an additional 355,159 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Docusign were worth $18,470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in Docusign by 36.4% during the 1st quarter. NewEdge Advisors LLC now owns 9,202 shares of the company’s stock valued at $749,000 after purchasing an additional 2,457 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in Docusign by 6.7% in the 2nd quarter. Guggenheim Capital LLC now owns 11,543 shares of the company’s stock worth $899,000 after buying an additional 729 shares in the last quarter. State Street Corp boosted its position in Docusign by 3.0% in the 2nd quarter. State Street Corp now owns 8,074,976 shares of the company’s stock valued at $628,960,000 after buying an additional 236,494 shares during the last quarter. Sei Investments Co. boosted its position in Docusign by 60.7% in the 2nd quarter. Sei Investments Co. now owns 40,386 shares of the company’s stock valued at $3,146,000 after buying an additional 15,247 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of Docusign by 51.0% during the second quarter. Treasurer of the State of North Carolina now owns 189,178 shares of the company’s stock valued at $14,735,000 after acquiring an additional 63,911 shares in the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Blake Jeffrey Grayson sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $60.00, for a total transaction of $900,000.00. Following the completion of the transaction, the chief financial officer owned 126,429 shares in the company, valued at approximately $7,585,740. This trade represents a 10.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paula Hansen sold 6,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total value of $273,240.00. Following the sale, the executive owned 89,972 shares of the company’s stock, valued at $4,097,324.88. This trade represents a 6.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 91,780 shares of company stock valued at $4,386,546. 0.59% of the stock is currently owned by insiders.

Trending Headlines about Docusign

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Analysts at Zacks said DocuSign’s upcoming earnings report could benefit from factors supporting a potential earnings beat. The articles encourage investors to monitor earnings expectations ahead of the scheduled quarterly announcement. DocuSign Earnings Expected to Grow
• Positive Sentiment: Recent trading strength across several software stocks, including DocuSign, provided a favorable sector backdrop and helped support investor sentiment toward DOCU. Software Stocks Trade Up
• Neutral Sentiment: DocuSign’s ARR guidance is expected to receive increased attention from Bank of America. Investors will likely scrutinize recurring-revenue growth and management’s outlook because ARR is a key indicator of future subscription performance. DocuSign ARR Guidance
• Neutral Sentiment: Comparisons with Autodesk (NASDAQ: ADSK) frame DocuSign as a potential value opportunity within internet software, but the analysis does not represent a new company catalyst. DOCU Versus ADSK
• Negative Sentiment: Director James A. Beer sold 450 shares worth approximately $28,809. The transaction reduced his holdings by 2.99%, but it was made under a pre-arranged Rule 10b5-1 trading plan and represents only a small portion of his remaining stake, limiting its significance as a bearish signal. DocuSign Director Stock Sale Filing

Docusign Stock Performance

NASDAQ DOCU opened at $64.00 on Monday. The firm has a market capitalization of $12.22 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87. Docusign Inc. has a one year low of $40.16 and a one year high of $86.65. The company has a 50-day simple moving average of $53.44 and a 200-day simple moving average of $49.16.

Docusign (NASDAQ:DOCU) last issued its earnings results on Thursday, June 4th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.10. Docusign had a return on equity of 17.48% and a net margin of 9.59%.The firm had revenue of $830.24 million for the quarter, compared to analyst estimates of $824.71 million. During the same period last year, the company earned $0.90 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities analysts forecast that Docusign Inc. will post 2.06 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on DOCU. Wells Fargo & Company reduced their price target on Docusign from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. BTIG Research dropped their price target on shares of Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Bank of America reaffirmed an “underperform” rating on shares of Docusign in a report on Friday. Wall Street Zen downgraded shares of Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Finally, Jefferies Financial Group raised their price objective on shares of Docusign from $45.00 to $50.00 and gave the stock a “hold” rating in a 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.27.

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.