15,725 Shares in Docusign Inc. $DOCU Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC bought a new stake in Docusign Inc. (NASDAQ:DOCU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,725 shares of the company’s stock, valued at approximately $1,134,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in shares of Docusign by 3.6% during the third quarter. Nordea Investment Management AB now owns 1,154,824 shares of the company’s stock worth $87,316,000 after buying an additional 40,432 shares during the period. Baird Financial Group Inc. lifted its holdings in Docusign by 927.2% in the second quarter. Baird Financial Group Inc. now owns 124,145 shares of the company’s stock valued at $9,670,000 after buying an additional 112,059 shares during the period. Rakuten Investment Management Inc. acquired a new position in Docusign in the third quarter valued at $5,335,000. Vise Technologies Inc. bought a new stake in Docusign during the second quarter valued at $436,000. Finally, Bank of New York Mellon Corp grew its holdings in Docusign by 3.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,594,884 shares of the company’s stock worth $114,975,000 after acquiring an additional 47,331 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analyst Upgrades and Downgrades

DOCU has been the topic of a number of recent analyst reports. Zacks Research downgraded Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. BTIG Research lowered their target price on Docusign from $88.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Robert W. Baird cut their price target on Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Docusign in a research report on Wednesday, December 17th. Finally, UBS Group dropped their target price on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Five equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, Docusign currently has a consensus rating of “Hold” and an average target price of $78.80.

Insider Buying and Selling at Docusign

In other Docusign news, CRO Paula Hansen sold 6,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.05, for a total transaction of $402,300.00. Following the transaction, the executive owned 68,970 shares in the company, valued at approximately $4,624,438.50. This represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James P. Shaughnessy sold 12,000 shares of the firm’s 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 completion of the transaction, the insider directly owned 54,550 shares in the company, valued at $3,656,486.50. This trade represents a 18.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 77,927 shares of company stock worth $5,349,005 in the last ninety days. 1.01% of the stock is currently owned by corporate insiders.

Docusign Stock Up 5.7%

Shares of NASDAQ:DOCU opened at $45.72 on Friday. Docusign Inc. has a twelve month low of $40.16 and a twelve month high of $94.67. The stock’s 50 day moving average is $56.58 and its 200-day moving average is $66.79. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 1.89 and a beta of 1.00.

About Docusign

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.