Jupiter Asset Management Ltd. Sells 112,192 Shares of Docusign Inc. $DOCU

Jupiter Asset Management Ltd. trimmed its position in Docusign Inc. (NASDAQ:DOCU) by 8.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,204,248 shares of the company’s stock after selling 112,192 shares during the period. Jupiter Asset Management Ltd. owned about 0.60% of Docusign worth $86,814,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Docusign during the second quarter valued at $43,000. First Horizon Advisors Inc. raised its holdings in Docusign by 48.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 590 shares of the company’s stock worth $46,000 after purchasing an additional 193 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in Docusign by 5,318.2% during the 3rd 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 boosted its stake in shares of Docusign by 5,860.0% in the 3rd quarter. CX Institutional now owns 596 shares of the company’s stock valued at $43,000 after purchasing an additional 586 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of Docusign by 106.3% in 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 owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DOCU has been the topic of several analyst reports. Wedbush cut their price objective on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Piper Sandler cut their price target on Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Cantor Fitzgerald restated an “outperform” rating on shares of Docusign in a research report on Wednesday, December 17th. Evercore dropped their price objective on Docusign from $92.00 to $80.00 and set an “in-line” rating for the company in a report on Friday, December 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Docusign in a report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Docusign has a consensus rating of “Hold” and a consensus price target of $82.80.

Insider Buying and Selling at Docusign

In other news, insider James P. Shaughnessy sold 12,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.03, for a total transaction of $804,360.00. Following the completion of the sale, the insider owned 54,550 shares of the company’s stock, valued at $3,656,486.50. This represents a 18.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Chatwani sold 13,818 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 $944,183.94. Following the completion of the sale, the insider directly owned 70,197 shares in the company, valued at $4,796,561.01. This represents a 16.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 78,292 shares of company stock worth $5,374,260 in the last quarter. Company insiders own 1.01% of the company’s stock.

Docusign Trading Down 1.6%

DOCU stock opened at $44.12 on Friday. Docusign Inc. has a 1-year low of $41.53 and a 1-year high of $94.67. The firm has a market cap of $8.84 billion, a PE ratio of 30.85, a P/E/G ratio of 1.96 and a beta of 1.00. The business’s 50-day moving average price is $59.10 and its two-hundred day moving average price is $67.80.

Docusign Company 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.