Squarepoint Ops LLC Sells 280,993 Shares of Docusign Inc. $DOCU

Squarepoint Ops LLC decreased its position in shares of Docusign Inc. (NASDAQ:DOCU) by 23.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 896,232 shares of the company’s stock after selling 280,993 shares during the period. Squarepoint Ops LLC owned approximately 0.47% of Docusign worth $39,811,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Modus Advisors LLC purchased a new position in Docusign in the 4th quarter worth about $27,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Docusign by 309.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company’s stock valued at $38,000 after acquiring an additional 424 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in Docusign in the fourth quarter worth about $39,000. WealthCollab LLC increased its position in Docusign by 372.4% during the 1st quarter. WealthCollab LLC now owns 855 shares of the company’s stock valued at $41,000 after purchasing an additional 674 shares during the period. Finally, Virtus Advisers LLC bought a new stake in shares of Docusign in the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insiders Place Their Bets

In other Docusign news, Director James A. Beer sold 450 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $64.02, for a total transaction of $28,809.00. Following the transaction, the director owned 14,586 shares in the company, valued at approximately $933,795.72. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paula Hansen sold 6,000 shares of the 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 $273,240.00. Following the transaction, the executive owned 89,972 shares in the company, valued at $4,097,324.88. This trade represents a 6.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 135,602 shares of company stock worth $7,407,299. Corporate insiders own 0.59% of the company’s stock.

Docusign Stock Performance

Docusign stock opened at $65.08 on Wednesday. The business’s 50-day simple moving average is $56.58 and its two-hundred day simple moving average is $50.21. The company has a market cap of $12.43 billion, a PE ratio of 39.68, a PEG ratio of 2.43 and a beta of 0.90. Docusign Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $86.65.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.07. Docusign had a return on equity of 18.29% and a net margin of 9.82%.The firm had revenue of $875.75 million during the quarter, compared to analysts’ expectations of $867.22 million. During the same period last year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts predict that Docusign Inc. will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DOCU. Citigroup increased their target price on Docusign from $54.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday. Weiss Ratings upgraded Docusign from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Bank of America raised their price objective on Docusign from $58.00 to $64.00 and gave the company an “underperform” rating in a research report on Friday, September 4th. Wedbush reduced their target price on shares of Docusign from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Finally, Morgan Stanley raised their price target on shares of Docusign from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $67.33.

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.