Sanctuary Advisors LLC Takes Position in Docusign Inc. $DOCU

Sanctuary Advisors LLC acquired a new position in Docusign Inc. (NASDAQ:DOCU) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,678 shares of the company’s stock, valued at approximately $474,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Docusign in the 2nd quarter valued at approximately $927,059,000. Norges Bank bought a new stake in Docusign during the 4th quarter worth about $186,795,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Docusign by 76.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,285,128 shares of the company’s stock valued at $250,568,000 after purchasing an additional 2,283,996 shares during the last quarter. Capital World Investors increased its stake in shares of Docusign by 38.1% in the 4th quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock valued at $397,801,000 after buying an additional 1,603,900 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Docusign during the 2nd quarter worth approximately $56,219,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DOCU has been the topic of several analyst reports. UBS Group set a $60.00 target price on Docusign in a research note on Friday, June 5th. Citigroup reiterated a “market outperform” rating on shares of Docusign in a report on Tuesday, August 18th. Weiss Ratings upgraded shares of Docusign from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Citizens Jmp restated a “market outperform” rating and issued a $86.00 price target on shares of Docusign in a research note on Tuesday, August 18th. Finally, BTIG Research cut their target price on shares of Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Docusign currently has a consensus rating of “Hold” and a consensus price target of $60.27.

Insider Transactions at Docusign

In other news, insider Robert Chatwani sold 15,902 shares of the firm’s stock in a transaction 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 approximately $3,131,343.05. This trade represents a 17.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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, CEO Allan C. Thygesen sold 26,250 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $46.02, for a total value of $1,208,025.00. Following the transaction, the chief executive officer directly 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. 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 90 days, insiders sold 91,780 shares of company stock worth $4,386,546. 0.59% of the stock is currently owned by insiders.

Docusign Trading Up 0.3%

Shares of Docusign stock opened at $64.00 on Friday. Docusign Inc. has a 1-year low of $40.16 and a 1-year high of $86.65. The company has a 50 day moving average of $53.44 and a 200-day moving average of $49.15. The company has a market cap of $12.22 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, June 4th. The company reported $1.09 earnings per share for the quarter, beating 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 company had revenue of $830.24 million for the quarter, compared to the consensus estimate of $824.71 million. During the same period last year, the company posted $0.90 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Research analysts forecast that Docusign Inc. will post 2.06 earnings per share for the current year.

Key Docusign News

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Analysts at Zacks said DocuSign’s upcoming earnings report could benefit from factors supporting a potential earnings beat. The articles encourage investors to monitor earnings expectations ahead of the scheduled quarterly announcement. DocuSign Earnings Expected to Grow
• Positive Sentiment: Recent trading strength across several software stocks, including DocuSign, provided a favorable sector backdrop and helped support investor sentiment toward DOCU. Software Stocks Trade Up
• Neutral Sentiment: DocuSign’s ARR guidance is expected to receive increased attention from Bank of America. Investors will likely scrutinize recurring-revenue growth and management’s outlook because ARR is a key indicator of future subscription performance. DocuSign ARR Guidance
• Neutral Sentiment: Comparisons with Autodesk (NASDAQ: ADSK) frame DocuSign as a potential value opportunity within internet software, but the analysis does not represent a new company catalyst. DOCU Versus ADSK
• Negative Sentiment: Director James A. Beer sold 450 shares worth approximately $28,809. The transaction reduced his holdings by 2.99%, but it was made under a pre-arranged Rule 10b5-1 trading plan and represents only a small portion of his remaining stake, limiting its significance as a bearish signal. DocuSign Director Stock Sale Filing

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.