Docusign Inc. $DOCU Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in shares of Docusign Inc. (NASDAQ:DOCU) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 449,728 shares of the company’s stock after acquiring an additional 18,253 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Docusign worth $21,322,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in Docusign by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 1,198,634 shares of the company’s stock valued at $82,502,000 after buying an additional 43,810 shares during the last quarter. Step Capital Management Pte. Ltd. bought a new position in Docusign during the 4th quarter worth approximately $2,052,000. Retirement Systems of Alabama grew its position in shares of Docusign by 4.9% in the 4th quarter. Retirement Systems of Alabama now owns 544,473 shares of the company’s stock worth $37,242,000 after acquiring an additional 25,367 shares in the last quarter. Capital World Investors grew its position in shares of Docusign by 38.1% in the 4th quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock worth $397,801,000 after acquiring an additional 1,603,900 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Docusign by 151.8% in the 4th quarter. CWM LLC now owns 47,290 shares of the company’s stock valued at $3,235,000 after acquiring an additional 28,511 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DOCU has been the topic of several research reports. Citigroup upped their price target on Docusign from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, June 5th. BTIG Research decreased their price objective on shares of Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a report on Friday, June 5th. Wall Street Zen lowered shares of Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Wedbush reduced their price target on shares of Docusign from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Finally, Jefferies Financial Group lifted their price target on shares of Docusign from $45.00 to $50.00 and gave the company a “hold” rating in a report 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. Based on data from MarketBeat.com, Docusign currently has an average rating of “Hold” and a consensus target price of $60.27.

Docusign Trading Down 3.0%

Shares of NASDAQ DOCU opened at $50.74 on Wednesday. Docusign Inc. has a 12-month low of $40.16 and a 12-month high of $86.65. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 1.54 and a beta of 0.90. The stock’s 50 day simple moving average is $47.69 and its 200 day simple moving average is $49.14.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, June 4th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Docusign had a return on equity of 17.48% and a net margin of 9.59%.The firm had revenue of $830.24 million during the quarter, compared to the consensus estimate of $824.71 million. During the same period in the prior year, the business earned $0.90 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. As a group, equities analysts forecast that Docusign Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Docusign

In related news, insider Robert Chatwani sold 15,902 shares of Docusign stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $43.01, for a total value of $683,945.02. Following the sale, the insider directly owned 72,805 shares in the company, valued at $3,131,343.05. This trade represents a 17.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Blake Jeffrey Grayson sold 15,000 shares of Docusign stock in a transaction dated 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. This represents a 9.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 valued at $3,476,002. Corporate insiders own 0.59% of the company’s stock.

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.