Docusign Inc. $DOCU Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its stake in Docusign Inc. (NASDAQ:DOCU) by 64,697.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,414 shares of the company’s stock after buying an additional 43,347 shares during the period. Fulcrum Asset Management LLP’s holdings in Docusign were worth $2,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of America Corp DE raised its position in 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 in the last quarter. Assenagon Asset Management S.A. lifted its stake in Docusign by 247.5% during the second quarter. Assenagon Asset Management S.A. now owns 349,038 shares of the company’s stock worth $15,504,000 after purchasing an additional 248,597 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Docusign in the 2nd quarter worth about $691,000. Two Sigma Securities LLC purchased a new position in shares of Docusign in the 2nd quarter worth about $1,376,000. Finally, Pale Fire Capital SE purchased a new position in shares of Docusign in the 2nd quarter worth about $4,797,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Activity at Docusign

In related news, CRO Paula Hansen sold 3,300 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $81.82, for a total transaction of $270,006.00. Following the completion of the sale, the executive directly owned 103,258 shares in the company, valued at $8,448,569.56. This represents a 3.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mary Wilderotter sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $68.80, for a total value of $68,800.00. Following the transaction, the director owned 2,199 shares in the company, valued at approximately $151,291.20. The trade was a 31.26% 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. Insiders sold a total of 154,168 shares of company stock worth $10,491,896 over the last three months. Corporate insiders own 0.59% of the company’s stock.

Docusign Stock Down 0.1%

Docusign stock opened at $77.66 on Wednesday. The firm has a fifty day simple moving average of $73.11 and a two-hundred day simple moving average of $55.44. Docusign Inc. has a twelve month low of $40.16 and a twelve month high of $85.90. The company has a market capitalization of $14.51 billion, a PE ratio of 46.28, a P/E/G ratio of 2.86 and a beta of 0.80.

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

Analyst Ratings Changes

DOCU has been the topic of several recent research reports. Weiss Ratings upgraded Docusign from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Wall Street Zen downgraded Docusign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Docusign in a research note on Friday, September 4th. Citigroup increased their price target on shares of Docusign from $54.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Finally, Robert W. Baird increased 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $67.62.

About Docusign

DocuSign, Inc. provides software for preparing, signing, managing and automating agreements. Its platform helps businesses and individuals complete agreements digitally, reducing reliance on paper-based processes. The company’s offerings include DocuSign eSignature, which enables users to sign and request signatures electronically, as well as tools for contract lifecycle management and agreement workflows. Its Intelligent Agreement Management products use artificial intelligence to help organizations analyze and manage agreement-related information and processes.