9,979 Shares in Docusign Inc. $DOCU Acquired by Vise Technologies Inc.

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

Other institutional investors have also recently added to or reduced their stakes in the company. Modus Advisors LLC bought a new position in shares of Docusign during the fourth quarter valued at $27,000. Torren Management LLC acquired a new stake in Docusign in the fourth quarter valued at $28,000. Cary Street Partners Investment Advisory LLC raised its position in Docusign by 309.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company’s stock worth $38,000 after purchasing an additional 424 shares during the last quarter. Basepoint Wealth LLC bought a new position in Docusign during the 4th quarter worth $39,000. Finally, WealthCollab LLC lifted its holdings in Docusign by 372.4% during the 1st quarter. WealthCollab LLC now owns 855 shares of the company’s stock worth $41,000 after buying an additional 674 shares during the period. 77.64% of the stock is owned by institutional investors.

Docusign Price Performance

NASDAQ DOCU opened at $62.56 on Tuesday. The business has a 50 day simple moving average of $51.96 and a 200 day simple moving average of $48.73. Docusign Inc. has a one year low of $40.16 and a one year high of $86.65. The stock has a market capitalization of $11.95 billion, a P/E ratio of 40.62, a P/E/G ratio of 1.81 and a beta of 0.87.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, June 4th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.10. The firm had revenue of $830.24 million for the quarter, compared to analyst estimates of $824.71 million. Docusign had a return on equity of 17.48% and a net margin of 9.59%.The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share. Equities analysts expect that Docusign Inc. will post 2.04 earnings per share for the current year.

Insider Buying and Selling at Docusign

In other news, CFO Blake Jeffrey Grayson sold 15,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were 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 in the company, valued at approximately $7,585,740. This represents a 10.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Allan C. Thygesen sold 26,250 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $46.02, for a total value of $1,208,025.00. Following the completion of the sale, the chief executive officer owned 159,038 shares of the company’s stock, valued at approximately $7,318,928.76. This represents a 14.17% 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. Insiders sold 91,695 shares of company stock valued at $4,376,002 over the last 90 days. Insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

DOCU has been the subject of several recent research reports. BTIG Research decreased their price target on Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Wall Street Zen lowered Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Wells Fargo & Company reduced their target price on Docusign from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a research report on Friday, June 5th. Finally, Wedbush reduced their price objective on shares of Docusign from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.27.

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.