WINTON GROUP Ltd Buys New Shares in Docusign Inc. $DOCU

WINTON GROUP Ltd acquired a new position in shares of Docusign Inc. (NASDAQ:DOCU) during the second quarter, HoldingsChannel reports. The firm acquired 68,184 shares of the company’s stock, valued at approximately $5,311,000.

Several other large investors also recently made changes to their positions in DOCU. Norges Bank acquired a new stake in shares of Docusign during the 2nd quarter worth about $140,987,000. Wellington Management Group LLP increased its holdings in Docusign by 372.5% in the first quarter. Wellington Management Group LLP now owns 1,826,949 shares of the company’s stock valued at $148,714,000 after purchasing an additional 1,440,269 shares during the period. Duquesne Family Office LLC bought a new stake in shares of Docusign during the 1st quarter valued at about $87,477,000. Nuveen LLC bought a new stake in shares of Docusign during the first quarter valued at approximately $50,459,000. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Docusign by 88.3% in the second quarter. Jupiter Asset Management Ltd. now owns 1,316,440 shares of the company’s stock worth $102,538,000 after purchasing an additional 617,200 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analyst Ratings Changes

DOCU has been the subject of several recent research reports. Robert W. Baird decreased their price target on Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a report on Friday. JMP Securities reaffirmed a “market outperform” rating and issued a $124.00 target price on shares of Docusign in a report on Friday, October 3rd. Wells Fargo & Company cut their price target on shares of Docusign from $85.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday. Bank of America reduced their price objective on Docusign from $102.00 to $82.00 and set a “neutral” rating for the company in a report on Friday. Finally, Piper Sandler dropped their price objective on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday. Four research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.71.

Insider Transactions at Docusign

In other news, CFO Blake Jeffrey Grayson sold 9,509 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $83.10, for a total value of $790,197.90. Following the sale, the chief financial officer directly owned 112,160 shares of the company’s stock, valued at $9,320,496. This represents a 7.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Solvik sold 15,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $81.48, for a total value of $1,222,200.00. Following the completion of the transaction, the director owned 135,253 shares of the company’s stock, valued at $11,020,414.44. This represents a 9.98% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 104,076 shares of company stock valued at $7,814,461. 1.66% of the stock is currently owned by insiders.

Docusign Stock Performance

Shares of NASDAQ:DOCU opened at $65.67 on Monday. The firm has a fifty day moving average of $69.48 and a 200 day moving average of $75.10. Docusign Inc. has a 52-week low of $63.41 and a 52-week high of $107.86. The firm has a market capitalization of $13.21 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 3.26 and a beta of 0.98.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.84 by $0.08. The firm had revenue of $800.64 million for the quarter, compared to analyst estimates of $780.35 million. Docusign had a return on equity of 15.02% and a net margin of 9.57%.The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. On average, sell-side analysts forecast that Docusign Inc. will post 1.17 EPS for the current fiscal year.

Docusign Company Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.