Nordea Investment Management AB Grows Stake in Docusign Inc. $DOCU

Nordea Investment Management AB lifted its stake in Docusign Inc. (NASDAQ:DOCUFree Report) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,154,824 shares of the company’s stock after buying an additional 40,432 shares during the period. Nordea Investment Management AB’s holdings in Docusign were worth $87,316,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DOCU. Twin Peaks Wealth Advisors LLC acquired a new position in Docusign during the 2nd quarter worth approximately $43,000. SJS Investment Consulting Inc. raised its stake in shares of Docusign by 5,318.2% during the third quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock valued at $43,000 after purchasing an additional 585 shares during the period. CX Institutional raised its stake in shares of Docusign by 5,860.0% during the third quarter. CX Institutional now owns 596 shares of the company’s stock valued at $43,000 after purchasing an additional 586 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Docusign by 31.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 595 shares of the company’s stock valued at $46,000 after purchasing an additional 142 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in Docusign by 48.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 590 shares of the company’s stock valued at $46,000 after purchasing an additional 193 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on DOCU shares. JPMorgan Chase & Co. cut their price objective on shares of Docusign from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a report on Wednesday, December 17th. JMP Securities restated a “market outperform” rating and set a $124.00 price objective on shares of Docusign in a research note on Friday, October 3rd. Zacks Research cut Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Bank of America decreased their price target on shares of Docusign from $102.00 to $82.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Six research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.13.

Get Our Latest Stock Analysis on DOCU

Insider Transactions at Docusign

In other Docusign news, CFO Blake Jeffrey Grayson sold 9,515 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $68.33, for a total transaction of $650,159.95. Following the completion of the sale, the chief financial officer owned 118,213 shares in the company, valued at $8,077,494.29. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James P. Shaughnessy sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $67.03, for a total transaction of $804,360.00. Following the completion of the transaction, the insider owned 54,550 shares in the company, valued at approximately $3,656,486.50. The trade was a 18.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 78,292 shares of company stock valued at $5,374,260 over the last quarter. Insiders own 1.01% of the company’s stock.

Docusign Trading Down 4.1%

Shares of DOCU opened at $61.87 on Thursday. Docusign Inc. has a 52 week low of $61.83 and a 52 week high of $99.30. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 43.27, a PEG ratio of 3.18 and a beta of 0.99. The stock has a 50 day moving average of $68.03 and a 200-day moving average of $72.69.

Key Docusign News

Here are the key news stories impacting Docusign this week:

Docusign Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DOCU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Docusign Inc. (NASDAQ:DOCUFree Report).

Institutional Ownership by Quarter for Docusign (NASDAQ:DOCU)

Receive News & Ratings for Docusign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docusign and related companies with MarketBeat.com's FREE daily email newsletter.