9,193 Shares in Docusign Inc. $DOCU Purchased by Caerus Investment Advisors LLC

Caerus Investment Advisors LLC acquired a new position in shares of Docusign Inc. (NASDAQ:DOCU) during the first quarter, HoldingsChannel reports. The fund acquired 9,193 shares of the company’s stock, valued at approximately $436,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA increased its position in Docusign by 11.0% in the 1st quarter. Glenmede Trust Co. NA now owns 512,593 shares of the company’s stock valued at $24,302,000 after acquiring an additional 50,855 shares in the last quarter. Essential Partners LLC lifted its position in shares of Docusign by 520.4% during the first quarter. Essential Partners LLC now owns 6,446 shares of the company’s stock worth $306,000 after purchasing an additional 5,407 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Docusign by 23.3% during the first quarter. Bank of America Corp DE now owns 1,193,163 shares of the company’s stock valued at $56,568,000 after purchasing an additional 225,801 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Docusign by 422.7% during the first quarter. Janus Henderson Group PLC now owns 97,110 shares of the company’s stock valued at $4,603,000 after purchasing an additional 78,530 shares during the last quarter. Finally, Centaurus Financial Inc. increased its holdings in shares of Docusign by 7.9% in the first quarter. Centaurus Financial Inc. now owns 27,209 shares of the company’s stock valued at $1,290,000 after purchasing an additional 1,992 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Insider Activity

In other Docusign news, CFO Blake Jeffrey Grayson sold 15,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $45.55, for a total transaction of $683,250.00. Following the completion of the sale, the chief financial officer owned 141,429 shares in the company, valued at approximately $6,442,090.95. The trade was a 9.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Chatwani sold 15,902 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $43.01, for a total value of $683,945.02. Following the completion of the transaction, the insider directly owned 72,805 shares in the company, valued at approximately $3,131,343.05. This trade represents a 17.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 76,695 shares of company stock worth $3,476,002. Corporate insiders own 0.59% of the company’s stock.

Docusign Price Performance

Shares of NASDAQ:DOCU opened at $54.83 on Friday. Docusign Inc. has a one year low of $40.16 and a one year high of $86.65. The company has a 50 day moving average of $48.42 and a 200-day moving average of $48.46. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 35.60, a P/E/G ratio of 1.62 and a beta of 0.90.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, June 4th. The company reported $1.09 earnings per share for the quarter, topping 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 business had revenue of $830.24 million during the quarter, compared to the consensus estimate of $824.71 million. During the same period in the previous year, the firm posted $0.90 earnings per share. Docusign’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts anticipate that Docusign Inc. will post 2.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DOCU shares. Wedbush dropped their price objective on shares of Docusign from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. BTIG Research decreased their price objective on Docusign from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Weiss Ratings raised Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Needham & Company LLC restated a “hold” rating on shares of Docusign in a research report on Friday, June 5th. Finally, Wells Fargo & Company cut their price target on Docusign from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $60.27.

Docusign Company 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.