Janus Henderson Group PLC Acquires 78,530 Shares of Docusign Inc. $DOCU

Janus Henderson Group PLC grew its stake in shares of Docusign Inc. (NASDAQ:DOCU) by 422.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,110 shares of the company’s stock after buying an additional 78,530 shares during the quarter. Janus Henderson Group PLC’s holdings in Docusign were worth $4,603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Modus Advisors LLC bought a new position in Docusign during the 4th quarter worth approximately $27,000. Torren Management LLC purchased a new stake in shares of Docusign during the fourth quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Docusign by 309.5% in the fourth 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 purchased a new position in shares of Docusign in the fourth quarter worth $39,000. Finally, Harbour Investments Inc. increased its stake in shares of Docusign by 56.6% in the fourth quarter. Harbour Investments Inc. now owns 797 shares of the company’s stock worth $55,000 after buying an additional 288 shares during the period. Institutional investors own 77.64% of the company’s stock.

Insider Buying and Selling at Docusign

In other news, CEO Allan C. Thygesen sold 26,250 shares of Docusign stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $46.02, for a total transaction of $1,208,025.00. Following the completion of the transaction, the chief executive officer directly owned 159,038 shares in the company, valued at approximately $7,318,928.76. This trade represents a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Chatwani sold 15,902 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $43.01, for a total value of $683,945.02. Following the completion of the sale, the insider owned 72,805 shares in the company, valued at $3,131,343.05. The trade was a 17.93% decrease in their position. 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 have sold a total of 76,695 shares of company stock valued at $3,476,002 over the last three months. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Docusign from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 2nd. Wedbush dropped their target price on shares of Docusign from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Weiss Ratings upgraded Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. UBS Group set a $60.00 price objective on Docusign in a report on Friday, June 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Docusign in a research note on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.27.

Docusign Trading Down 1.0%

DOCU opened at $56.90 on Friday. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 1.69 and a beta of 0.87. The stock has a fifty day simple moving average of $49.02 and a two-hundred day simple moving average of $48.20. Docusign Inc. has a 12-month low of $40.16 and a 12-month high of $86.65.

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

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.