United Capital Financial Advisors LLC Acquires New Holdings in Docusign Inc. $DOCU

United Capital Financial Advisors LLC bought a new stake in Docusign Inc. (NASDAQ:DOCU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,530 shares of the company’s stock, valued at approximately $690,000.

Several other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Docusign during the 2nd quarter worth $927,059,000. State Street Corp lifted its stake in shares of Docusign by 0.9% in the 4th quarter. State Street Corp now owns 8,193,805 shares of the company’s stock valued at $560,456,000 after purchasing an additional 77,008 shares during the last quarter. Capital World Investors boosted its holdings in Docusign by 38.1% in the fourth quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock worth $397,801,000 after purchasing an additional 1,603,900 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Docusign by 76.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,285,128 shares of the company’s stock worth $250,568,000 after purchasing an additional 2,283,996 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Docusign by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 4,084,463 shares of the company’s stock worth $278,665,000 after buying an additional 18,873 shares during the last quarter. 77.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Allan C. Thygesen sold 26,250 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $46.02, for a total transaction of $1,208,025.00. Following the completion of the sale, the chief executive officer owned 159,038 shares in the company, valued at $7,318,928.76. This represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total value of $546,480.00. Following the completion of the sale, the insider directly owned 52,815 shares in the company, valued at $2,405,195.10. This trade represents a 18.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 91,780 shares of company stock valued at $4,386,546 in the last quarter. Insiders own 0.59% of the company’s stock.

Docusign Stock Performance

NASDAQ:DOCU opened at $64.00 on Monday. Docusign Inc. has a 1 year low of $40.16 and a 1 year high of $86.65. The firm’s fifty day simple moving average is $53.44 and its 200 day simple moving average is $49.16. The firm has a market capitalization of $12.22 billion, a PE ratio of 41.56, a PEG ratio of 1.86 and a beta of 0.87.

Docusign (NASDAQ:DOCU) last announced its earnings results on Thursday, June 4th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.99 by $0.10. The firm had revenue of $830.24 million for the quarter, compared to the consensus estimate of $824.71 million. Docusign had a net margin of 9.59% and a return on equity of 17.48%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS. As a group, analysts anticipate that Docusign Inc. will post 2.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DOCU has been the topic of several recent research reports. Weiss Ratings upgraded Docusign from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Citizens Jmp reissued a “market outperform” rating and set a $86.00 price objective on shares of Docusign in a report on Tuesday, August 18th. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a report on Friday, June 5th. Jefferies Financial Group raised their price objective on Docusign from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Finally, Wedbush reduced their target price on Docusign from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.27.

Key Headlines Impacting 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 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.