Syon Capital LLC Increases Position in Docusign Inc. $DOCU

Syon Capital LLC lifted its position in Docusign Inc. (NASDAQ:DOCU) by 7.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,579 shares of the company’s stock after acquiring an additional 13,534 shares during the period. Docusign accounts for approximately 0.8% of Syon Capital LLC’s investment portfolio, making the stock its 29th biggest holding. Syon Capital LLC’s holdings in Docusign were worth $14,027,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Docusign in the second quarter worth about $43,000. First Horizon Advisors Inc. boosted its position in Docusign by 48.6% in the second quarter. First Horizon Advisors Inc. now owns 590 shares of the company’s stock valued at $46,000 after buying an additional 193 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in Docusign by 5,318.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock worth $43,000 after buying an additional 585 shares during the period. CX Institutional raised its position in Docusign by 5,860.0% during the 3rd quarter. CX Institutional now owns 596 shares of the company’s stock worth $43,000 after buying an additional 586 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Docusign by 106.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 848 shares of the company’s stock valued at $66,000 after acquiring an additional 437 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated an “outperform” rating on shares of Docusign in a research note on Wednesday, December 17th. Evercore lowered their price target on shares of Docusign from $92.00 to $80.00 and set an “in-line” rating on the stock in a report on Friday, December 5th. Zacks Research lowered Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Wedbush decreased their price objective on Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Piper Sandler dropped their target price on Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Six research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, Docusign currently has an average rating of “Hold” and a consensus price target of $84.00.

Docusign Stock Up 0.9%

NASDAQ:DOCU opened at $45.21 on Wednesday. Docusign Inc. has a 52 week low of $41.53 and a 52 week high of $94.67. The stock has a market capitalization of $9.05 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The stock’s 50-day moving average price is $60.10 and its 200-day moving average price is $68.13.

Insider Activity at Docusign

In other Docusign news, insider James P. Shaughnessy sold 12,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.03, for a total transaction of $804,360.00. Following the transaction, the insider directly owned 54,550 shares of the company’s stock, valued at $3,656,486.50. This trade represents a 18.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Blake Jeffrey Grayson sold 9,515 shares of Docusign stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $68.33, for a total value of $650,159.95. Following the completion of the sale, the chief financial officer owned 118,213 shares in the company, valued at approximately $8,077,494.29. The trade was a 7.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 78,292 shares of company stock valued at $5,374,260 in the last ninety days. 1.66% of the stock is currently owned by company insiders.

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.