BNP Paribas Invests $495,000 in DocuSign, Inc. (NASDAQ:DOCU)

BNP Paribas purchased a new position in DocuSign, Inc. (NASDAQ:DOCUFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,300 shares of the company’s stock, valued at approximately $495,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DOCU. New York State Teachers Retirement System raised its stake in DocuSign by 0.9% during the fourth quarter. New York State Teachers Retirement System now owns 18,282 shares of the company’s stock worth $1,087,000 after purchasing an additional 163 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in shares of DocuSign by 2.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,975 shares of the company’s stock valued at $415,000 after acquiring an additional 184 shares during the last quarter. Whittier Trust Co. increased its position in shares of DocuSign by 28.8% during the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock valued at $56,000 after acquiring an additional 209 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of DocuSign by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,899 shares of the company’s stock valued at $4,617,000 after acquiring an additional 239 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its position in shares of DocuSign by 2.2% during the first quarter. SeaCrest Wealth Management LLC now owns 11,327 shares of the company’s stock valued at $675,000 after acquiring an additional 240 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at DocuSign

In other news, Director Teresa Briggs sold 499 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.92, for a total transaction of $27,405.08. Following the completion of the sale, the director now owns 6,668 shares in the company, valued at approximately $366,206.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Teresa Briggs sold 499 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.92, for a total transaction of $27,405.08. Following the completion of the sale, the director now owns 6,668 shares in the company, valued at approximately $366,206.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James P. Shaughnessy sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $50.98, for a total transaction of $91,764.00. Following the sale, the insider now owns 35,703 shares of the company’s stock, valued at approximately $1,820,138.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,218 shares of company stock worth $5,183,359. 1.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research report on Friday, June 7th. Royal Bank of Canada dropped their price target on shares of DocuSign from $59.00 to $52.00 and set a “sector perform” rating for the company in a research report on Friday, June 7th. JMP Securities reiterated a “market outperform” rating and set a $84.00 price target on shares of DocuSign in a research report on Friday, June 7th. Morgan Stanley dropped their price objective on shares of DocuSign from $65.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, June 7th. Finally, Bank of America dropped their price objective on shares of DocuSign from $72.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $59.36.

Get Our Latest Report on DocuSign

DocuSign Stock Down 1.8 %

NASDAQ DOCU traded down $0.96 on Monday, hitting $53.50. 344,302 shares of the stock were exchanged, compared to its average volume of 2,945,993. DocuSign, Inc. has a fifty-two week low of $38.11 and a fifty-two week high of $64.76. The company has a market cap of $10.95 billion, a PE ratio of 104.73, a PEG ratio of 4.53 and a beta of 0.94. The company has a 50-day moving average price of $55.41 and a 200-day moving average price of $56.56.

DocuSign (NASDAQ:DOCUGet Free Report) last posted its quarterly earnings results on Thursday, June 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.20 by $0.09. DocuSign had a net margin of 3.81% and a return on equity of 15.44%. The company had revenue of $709.64 million during the quarter, compared to analysts’ expectations of $706.07 million. As a group, equities research analysts predict that DocuSign, Inc. will post 0.88 EPS for the current fiscal year.

DocuSign Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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