DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by Swiss National Bank

Swiss National Bank reduced its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 5.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 573,400 shares of the company’s stock after selling 34,700 shares during the quarter. Swiss National Bank owned approximately 0.28% of DocuSign worth $51,572,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Kestra Investment Management LLC acquired a new position in DocuSign during the 4th quarter valued at about $30,000. First Horizon Advisors Inc. grew its stake in shares of DocuSign by 102.6% in the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock worth $36,000 after purchasing an additional 201 shares during the last quarter. Modus Advisors LLC bought a new position in shares of DocuSign in the fourth quarter valued at $36,000. Itau Unibanco Holding S.A. acquired a new stake in shares of DocuSign during the third quarter worth $28,000. Finally, Avion Wealth lifted its stake in DocuSign by 309.2% during the fourth quarter. Avion Wealth now owns 487 shares of the company’s stock valued at $43,000 after buying an additional 368 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

DocuSign Stock Up 14.8 %

NASDAQ DOCU opened at $85.76 on Friday. The business has a 50 day moving average price of $87.97 and a 200-day moving average price of $79.37. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The company has a market cap of $17.33 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 6.94 and a beta of 1.02.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $776.25 million during the quarter, compared to the consensus estimate of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. On average, equities research analysts anticipate that DocuSign, Inc. will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DOCU shares. JMP Securities reaffirmed a “market outperform” rating and set a $124.00 target price on shares of DocuSign in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a report on Friday. Jefferies Financial Group lifted their price objective on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Robert W. Baird upped their target price on shares of DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, HSBC reiterated a “reduce” rating on shares of DocuSign in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $95.58.

Insider Activity

In other news, CEO Allan C. Thygesen sold 40,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $90.04, for a total value of $3,601,600.00. Following the completion of the sale, the chief executive officer now owns 156,050 shares of the company’s stock, valued at approximately $14,050,742. This represents a 20.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teresa Briggs sold 534 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $94.60, for a total value of $50,516.40. Following the sale, the director now owns 7,736 shares of the company’s stock, valued at $731,825.60. This represents a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,422 shares of company stock valued at $9,665,394 over the last quarter. Company insiders own 1.66% of the company’s stock.

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.