Docusign Inc. $DOCU Stock Position Raised by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in Docusign Inc. (NASDAQ:DOCU) by 3,145.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 250,000 shares of the company’s stock after purchasing an additional 242,298 shares during the period. International Assets Investment Management LLC’s holdings in Docusign were worth $16,788,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. John Boyer Inc. acquired a new position in shares of Docusign during the 3rd quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new stake in shares of Docusign in the third quarter valued at approximately $27,000. Pinnacle Wealth Planning Services Inc. grew its position in shares of Docusign by 78.5% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 607 shares of the company’s stock valued at $41,000 after purchasing an additional 267 shares in the last quarter. WealthCollab LLC increased its holdings in shares of Docusign by 372.4% in the first quarter. WealthCollab LLC now owns 855 shares of the company’s stock valued at $41,000 after purchasing an additional 674 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Docusign by 71.1% in the third quarter. Elevation Wealth Partners LLC now owns 876 shares of the company’s stock valued at $59,000 after purchasing an additional 364 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BTIG Research lifted their price objective on Docusign from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Bank of America upped their target price on Docusign from $58.00 to $64.00 and gave the company an “underperform” rating in a report on Friday, September 4th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $86.00 target price on shares of Docusign in a research note on Friday, September 4th. Royal Bank Of Canada lifted their price target on Docusign from $55.00 to $70.00 and gave the stock a “sector perform” rating in a report on Friday, September 4th. Finally, Robert W. Baird boosted their price target on shares of Docusign from $55.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $67.62.

Insider Activity at Docusign

In other news, CRO Paula Hansen sold 3,300 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $68.81, for a total value of $227,073.00. Following the transaction, the executive owned 106,557 shares of the company’s stock, valued at $7,332,187.17. This represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Allan C. Thygesen sold 26,250 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $69.29, for a total value of $1,818,862.50. Following the transaction, the chief executive officer owned 166,801 shares of the company’s stock, valued at approximately $11,557,641.29. This represents a 13.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 165,868 shares of company stock valued at $11,121,890 over the last 90 days. Corporate insiders own 0.59% of the company’s stock.

Docusign Price Performance

Shares of NASDAQ DOCU opened at $82.17 on Friday. The company has a 50 day simple moving average of $70.79 and a 200-day simple moving average of $54.73. The company has a market capitalization of $15.36 billion, a P/E ratio of 50.10, a P/E/G ratio of 3.02 and a beta of 0.86. Docusign Inc. has a 1 year low of $40.16 and a 1 year high of $85.90.

Docusign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.09 by $0.07. Docusign had a net margin of 9.82% and a return on equity of 18.29%. The firm had revenue of $875.75 million for the quarter, compared to analyst estimates of $867.22 million. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts expect that Docusign Inc. will post 2.15 EPS for the current year.

About Docusign

DocuSign, Inc is a software company that provides digital agreement and electronic signature solutions. Its platform enables individuals and organizations to prepare, send, sign, manage and store agreements electronically, helping customers replace paper-based contracting processes with digital workflows.

The company’s offerings include eSignature, contract lifecycle management, identity verification, notarization and agreement analytics tools. These products are designed to support agreement creation, negotiation, execution and post-signature management across functions such as sales, human resources, procurement, legal and finance.

Founded in 2003, DocuSign serves businesses, government organizations and individual users in markets around the world.