Vise Technologies Inc. Purchases New Holdings in Docusign Inc. $DOCU

Vise Technologies Inc. purchased a new position in shares of Docusign Inc. (NASDAQ:DOCU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,979 shares of the company’s stock, valued at approximately $443,000.

A number of other hedge funds have also recently added to or reduced their stakes in DOCU. NewEdge Advisors LLC increased its position in shares of Docusign by 36.4% in the first quarter. NewEdge Advisors LLC now owns 9,202 shares of the company’s stock worth $749,000 after purchasing an additional 2,457 shares during the period. Guggenheim Capital LLC lifted its position in Docusign by 6.7% during the second quarter. Guggenheim Capital LLC now owns 11,543 shares of the company’s stock worth $899,000 after purchasing an additional 729 shares during the period. State Street Corp grew its stake in Docusign by 3.0% during the second quarter. State Street Corp now owns 8,074,976 shares of the company’s stock worth $628,960,000 after buying an additional 236,494 shares in the last quarter. Sei Investments Co. grew its stake in Docusign by 60.7% during the second quarter. Sei Investments Co. now owns 40,386 shares of the company’s stock worth $3,146,000 after buying an additional 15,247 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Docusign by 51.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 189,178 shares of the company’s stock valued at $14,735,000 after buying an additional 63,911 shares during the period. Institutional investors own 77.64% of the company’s stock.

Docusign Trading Up 0.9%

Shares of NASDAQ DOCU opened at $62.56 on Tuesday. The company has a market cap of $11.95 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 1.81 and a beta of 0.87. Docusign Inc. has a 12 month low of $40.16 and a 12 month high of $86.65. The stock has a 50-day moving average price of $51.96 and a two-hundred day moving average price of $48.73.

Docusign (NASDAQ:DOCU) last posted its earnings results on Thursday, June 4th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $830.24 million during the quarter, compared to analysts’ expectations of $824.71 million. Docusign had a net margin of 9.59% and a return on equity of 17.48%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. On average, sell-side analysts predict that Docusign Inc. will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

DOCU has been the subject of several analyst reports. BTIG Research dropped their target price on shares of Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, June 5th. UBS Group set a $60.00 price objective on shares of Docusign in a research note on Friday, June 5th. Wells Fargo & Company lowered their price objective on shares of Docusign from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Wedbush lowered their price objective on shares of Docusign from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Finally, Weiss Ratings upgraded Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Four 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.27.

Insider Transactions at Docusign

In other Docusign news, insider Robert Chatwani sold 15,902 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $43.01, for a total transaction of $683,945.02. Following the sale, the insider owned 72,805 shares of the company’s stock, valued at approximately $3,131,343.05. The trade was a 17.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Blake Jeffrey Grayson sold 15,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $60.00, for a total transaction of $900,000.00. Following the transaction, the chief financial officer owned 126,429 shares of the company’s stock, valued at $7,585,740. This trade represents a 10.61% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 91,695 shares of company stock valued at $4,376,002. Corporate insiders own 0.59% of the company’s stock.

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.