Nomura Asset Management Co. Ltd. Has $8.71 Million Position in Docusign Inc. $DOCU

Nomura Asset Management Co. Ltd. lowered its position in Docusign Inc. (NASDAQ:DOCU) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,357 shares of the company’s stock after selling 13,417 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Docusign were worth $8,711,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in Docusign by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 1,198,634 shares of the company’s stock worth $82,502,000 after buying an additional 43,810 shares during the last quarter. Step Capital Management Pte. Ltd. acquired a new position in Docusign in the fourth quarter worth approximately $2,052,000. Retirement Systems of Alabama increased its holdings in Docusign by 4.9% in the fourth quarter. Retirement Systems of Alabama now owns 544,473 shares of the company’s stock worth $37,242,000 after buying an additional 25,367 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Docusign by 11.1% in the third quarter. Envestnet Asset Management Inc. now owns 312,859 shares of the company’s stock worth $22,554,000 after buying an additional 31,334 shares during the last quarter. Finally, South Dakota Investment Council increased its holdings in Docusign by 140.6% in the third quarter. South Dakota Investment Council now owns 53,373 shares of the company’s stock worth $3,848,000 after buying an additional 31,192 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on DOCU shares. Robert W. Baird dropped their price objective on Docusign from $75.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Piper Sandler dropped their price objective on Docusign from $75.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Royal Bank Of Canada dropped their price objective on Docusign from $70.00 to $55.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 18th. HSBC set a $53.00 target price on Docusign in a research report on Friday, February 13th. Finally, Citizens Jmp decreased their target price on Docusign from $124.00 to $86.00 and set a “market outperform” rating for the company in a research report on Wednesday, March 18th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.40.

Insider Buying and Selling

In other news, CRO Paula Hansen sold 6,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $46.84, for a total value of $281,040.00. Following the completion of the sale, the executive directly owned 79,233 shares of the company’s stock, valued at approximately $3,711,273.72. This represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Chatwani sold 16,696 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $48.10, for a total value of $803,077.60. Following the completion of the sale, the insider directly owned 72,458 shares of the company’s stock, valued at $3,485,229.80. This represents a 18.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 65,126 shares of company stock valued at $3,107,875 in the last ninety days. Company insiders own 0.59% of the company’s stock.

Trending Headlines about Docusign

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Docusign announced its app is now available in ChatGPT and Codex, extending its Intelligent Agreement Management platform into OpenAI products and potentially improving adoption by making agreement workflows easier to use. Docusign Brings Trusted Agreement Intelligence and Workflows into ChatGPT and Codex
• Positive Sentiment: The company appointed Graham Sheldon as Chief Product Officer, a move aimed at accelerating its AI-focused product strategy and strengthening product execution. Docusign Appoints Graham Sheldon as Chief Product Officer to Accelerate Intelligent Agreement Management Vision
• Neutral Sentiment: Investor focus is centered on Thursday’s earnings release, where the key question is whether recent AI initiatives are driving enough momentum to support the stock. DocuSign (DOCU) Q1 Earnings Report Preview: What To Look For
• Neutral Sentiment: Multiple directors sold small amounts of stock, including Anna Marrs, James A. Beer, and Teresa Briggs, but the trades were modest and were executed under Rule 10b5-1 plans, which typically limits their significance. SEC filing: Anna Marrs Form 4
• Neutral Sentiment: Recent commentary also highlighted Docusign as an earnings-watch name, reinforcing that the stock may move on management’s outlook and proof of execution rather than the insider activity. Dear Docusign Stock Fans, Mark Your Calendars for June 4

Docusign Trading Down 4.9%

DOCU opened at $52.40 on Thursday. Docusign Inc. has a 1-year low of $40.16 and a 1-year high of $94.67. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 35.41, a P/E/G ratio of 2.10 and a beta of 0.92. The business has a 50 day moving average of $47.64 and a 200-day moving average of $54.33.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings data on Tuesday, March 17th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. Docusign had a return on equity of 16.86% and a net margin of 9.60%.The company had revenue of $836.86 million during the quarter, compared to analysts’ expectations of $828.23 million. During the same period in the prior year, the business earned $0.86 earnings per share. Docusign’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts predict that Docusign Inc. will post 1.76 EPS for the current year.

Docusign announced that its board has authorized a stock repurchase plan on Tuesday, March 17th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to repurchase up to 21% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.