Caerus Investment Advisors LLC Makes New Investment in Docusign Inc. $DOCU

Caerus Investment Advisors LLC acquired a new position in shares of Docusign Inc. (NASDAQ:DOCU) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,193 shares of the company’s stock, valued at approximately $436,000.

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

Docusign Stock Performance

DOCU opened at $54.83 on Friday. The firm’s 50-day simple moving average is $48.42 and its 200-day simple moving average is $48.46. Docusign Inc. has a twelve month low of $40.16 and a twelve month high of $86.65. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 1.62 and a beta of 0.90.

Docusign (NASDAQ:DOCU) last announced its earnings results on Thursday, June 4th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Docusign had a net margin of 9.59% and a return on equity of 17.48%. The business had revenue of $830.24 million during the quarter, compared to analysts’ expectations of $824.71 million. During the same quarter last year, the company posted $0.90 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Docusign Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DOCU shares. Wall Street Zen downgraded shares of Docusign from a “strong-buy” rating to a “buy” rating in a report on Sunday. BTIG Research lowered their target price on shares of Docusign from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a research report on Friday, June 5th. UBS Group set a $60.00 price target on shares of Docusign in a research report on Friday, June 5th. Finally, Wedbush cut their price target on shares of Docusign from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.27.

Insider Activity

In other news, insider James P. Shaughnessy sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total transaction of $546,480.00. Following the completion of the sale, the insider owned 52,815 shares of the company’s stock, valued at approximately $2,405,195.10. This trade represents a 18.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Chatwani sold 15,902 shares of Docusign stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $43.01, for a total transaction of $683,945.02. Following the completion of the transaction, the insider owned 72,805 shares of the company’s stock, valued at $3,131,343.05. This trade represents a 17.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 76,695 shares of company stock valued at $3,476,002. Corporate insiders own 0.59% of the company’s stock.

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.