DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its stake in DocuSign, Inc. (NASDAQ:DOCU) by 69.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,900 shares of the company’s stock after selling 83,011 shares during the quarter. Handelsbanken Fonder AB’s holdings in DocuSign were worth $2,134,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DOCU. AQR Capital Management LLC grew its position in shares of DocuSign by 147.4% in the third quarter. AQR Capital Management LLC now owns 1,908,500 shares of the company’s stock valued at $80,157,000 after purchasing an additional 1,136,948 shares during the period. Jupiter Asset Management Ltd. boosted its position in DocuSign by 166.4% during the third quarter. Jupiter Asset Management Ltd. now owns 1,344,703 shares of the company’s stock worth $56,478,000 after acquiring an additional 839,883 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in DocuSign by 77.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,215,650 shares of the company’s stock worth $51,057,000 after acquiring an additional 531,682 shares during the last quarter. International Assets Investment Management LLC boosted its position in DocuSign by 4,438.8% during the fourth quarter. International Assets Investment Management LLC now owns 521,912 shares of the company’s stock worth $31,028,000 after acquiring an additional 510,413 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in DocuSign by 2.4% during the third quarter. Vanguard Group Inc. now owns 20,982,387 shares of the company’s stock worth $881,260,000 after acquiring an additional 482,472 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Buying and Selling

In related news, CEO Allan C. Thygesen sold 7,680 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $61.27, for a total transaction of $470,553.60. Following the sale, the chief executive officer now directly owns 111,767 shares of the company’s stock, valued at approximately $6,847,964.09. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other DocuSign news, CEO Allan C. Thygesen sold 7,765 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $53.31, for a total value of $413,952.15. Following the sale, the chief executive officer now directly owns 104,002 shares of the company’s stock, valued at approximately $5,544,346.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Allan C. Thygesen sold 7,680 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $61.27, for a total transaction of $470,553.60. Following the completion of the sale, the chief executive officer now directly owns 111,767 shares in the company, valued at $6,847,964.09. The disclosure for this sale can be found here. Insiders have sold a total of 54,871 shares of company stock valued at $3,176,199 in the last ninety days. Company insiders own 17.80% of the company’s stock.

DocuSign Stock Performance

DocuSign stock opened at $57.20 on Friday. The company’s 50 day simple moving average is $56.49 and its 200-day simple moving average is $52.65. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of 158.89, a price-to-earnings-growth ratio of 5.01 and a beta of 0.89. DocuSign, Inc. has a 1 year low of $38.11 and a 1 year high of $64.76.

DocuSign (NASDAQ:DOCU) last announced its earnings results on Thursday, March 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. DocuSign had a net margin of 2.68% and a return on equity of 13.91%. The firm had revenue of $712.39 million for the quarter, compared to the consensus estimate of $698.05 million. Equities analysts expect that DocuSign, Inc. will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DOCU has been the topic of a number of recent research reports. JMP Securities restated a “market outperform” rating and set a $84.00 price target on shares of DocuSign in a research report on Friday, April 12th. Wells Fargo & Company decreased their target price on shares of DocuSign from $55.00 to $45.00 and set an “underweight” rating on the stock in a report on Monday, February 5th. Morgan Stanley upgraded shares of DocuSign from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $49.00 to $64.00 in a report on Tuesday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $59.00 target price on shares of DocuSign in a report on Friday, April 12th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $60.25.

DocuSign Company 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.