Capital International Investors Has $162.89 Million Stake in DocuSign, Inc. (NASDAQ:DOCU)

Capital International Investors lifted its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 0.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,735,406 shares of the company’s stock after purchasing an additional 1,946 shares during the quarter. Capital International Investors’ holdings in DocuSign were worth $162,893,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital Analysts LLC raised its position in shares of DocuSign by 781.7% during the fourth quarter. Capital Analysts LLC now owns 529 shares of the company’s stock worth $31,000 after purchasing an additional 469 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new position in shares of DocuSign during the fourth quarter worth approximately $32,000. Register Financial Advisors LLC acquired a new position in shares of DocuSign during the first quarter worth approximately $37,000. ICA Group Wealth Management LLC acquired a new position in shares of DocuSign during the fourth quarter worth approximately $39,000. Finally, Whittier Trust Co. raised its position in shares of DocuSign by 28.8% during the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock worth $56,000 after purchasing an additional 209 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DOCU shares. Bank of America lowered their target price on DocuSign from $72.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Morgan Stanley reduced their price objective on DocuSign from $65.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, June 7th. Royal Bank of Canada reduced their price objective on DocuSign from $59.00 to $52.00 and set a “sector perform” rating for the company in a research note on Friday, June 7th. Piper Sandler dropped their price target on DocuSign from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $84.00 price target on shares of DocuSign in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, DocuSign has an average rating of “Hold” and an average target price of $59.36.

Insider Activity

In related news, CEO Allan C. Thygesen sold 8,086 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $56.16, for a total transaction of $454,109.76. Following the transaction, the chief executive officer now directly owns 99,546 shares in the company, valued at approximately $5,590,503.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Allan C. Thygesen sold 8,086 shares of DocuSign stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $56.16, for a total value of $454,109.76. Following the sale, the chief executive officer now directly owns 99,546 shares in the company, valued at approximately $5,590,503.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Teresa Briggs sold 499 shares of DocuSign stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.92, for a total value of $27,405.08. Following the completion of the sale, the director now owns 6,668 shares in the company, valued at $366,206.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,518 shares of company stock worth $6,149,670. 1.66% of the stock is currently owned by insiders.

DocuSign Stock Up 1.5 %

DOCU traded up $0.80 during trading on Friday, reaching $55.90. 1,008,983 shares of the company were exchanged, compared to its average volume of 1,813,071. The company’s 50-day moving average is $54.36 and its two-hundred day moving average is $56.26. DocuSign, Inc. has a 12-month low of $38.11 and a 12-month high of $64.76. The company has a market cap of $11.44 billion, a price-to-earnings ratio of 107.50, a P/E/G ratio of 8.57 and a beta of 0.94.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, June 6th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.09. DocuSign had a return on equity of 15.44% and a net margin of 3.81%. The firm had revenue of $709.64 million for the quarter, compared to analysts’ expectations of $706.07 million. Equities analysts forecast that DocuSign, Inc. will post 0.88 earnings per share for the current year.

DocuSign Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.