Mitsubishi UFJ Trust & Banking Corp Sells 22,730 Shares of Docusign Inc. $DOCU

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Docusign Inc. (NASDAQ:DOCU) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 334,099 shares of the company’s stock after selling 22,730 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Docusign were worth $24,085,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DOCU. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Docusign in the 2nd quarter worth $43,000. SJS Investment Consulting Inc. lifted its holdings in Docusign by 5,318.2% in the third quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock valued at $43,000 after acquiring an additional 585 shares during the period. CX Institutional boosted its position in Docusign by 5,860.0% in the third quarter. CX Institutional now owns 596 shares of the company’s stock worth $43,000 after purchasing an additional 586 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of 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 during the period. Finally, Hantz Financial Services Inc. increased its position in shares of Docusign by 106.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 848 shares of the company’s stock valued at $66,000 after purchasing an additional 437 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CRO Paula Hansen sold 6,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $67.05, for a total transaction of $402,300.00. Following the completion of the sale, the executive owned 68,970 shares in the company, valued at approximately $4,624,438.50. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Allan C. Thygesen sold 26,250 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $69.60, for a total value of $1,827,000.00. Following the completion of the transaction, the chief executive officer directly owned 142,261 shares in the company, valued at approximately $9,901,365.60. This represents a 15.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 78,292 shares of company stock worth $5,374,260 in the last three months. 1.66% of the stock is owned by company insiders.

Docusign Price Performance

Shares of NASDAQ DOCU opened at $57.66 on Tuesday. The stock has a market cap of $11.55 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. Docusign Inc. has a 1 year low of $55.46 and a 1 year high of $99.30. The firm has a fifty day moving average price of $66.25 and a 200-day moving average price of $71.48.

Analyst Ratings Changes

DOCU has been the subject of several recent research reports. Cantor Fitzgerald restated an “outperform” rating on shares of Docusign in a research report on Wednesday, December 17th. Evercore ISI cut their price objective on shares of Docusign from $92.00 to $80.00 and set an “in-line” rating for the company in a research report on Friday, December 5th. Bank of America decreased their target price on Docusign from $102.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Docusign in a report on Wednesday, January 21st. Finally, Piper Sandler decreased their price objective on Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Six equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.13.

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.