DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its holdings in shares of DocuSign, Inc. (NASDAQ:DOCUFree Report) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,381 shares of the company’s stock after selling 1,328 shares during the period. Cetera Investment Advisers’ holdings in DocuSign were worth $2,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Truist Financial Corp grew its stake in DocuSign by 18.1% during the 2nd quarter. Truist Financial Corp now owns 9,138 shares of the company’s stock worth $489,000 after purchasing an additional 1,399 shares in the last quarter. Quarry LP purchased a new stake in shares of DocuSign during the second quarter worth approximately $53,000. Northwestern Mutual Wealth Management Co. raised its holdings in DocuSign by 3.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 32,709 shares of the company’s stock valued at $1,750,000 after acquiring an additional 938 shares in the last quarter. Creative Planning lifted its stake in DocuSign by 9.2% in the second quarter. Creative Planning now owns 13,687 shares of the company’s stock worth $732,000 after acquiring an additional 1,157 shares during the last quarter. Finally, Doheny Asset Management CA purchased a new stake in shares of DocuSign in the 2nd quarter valued at approximately $410,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DOCU shares. Robert W. Baird boosted their target price on shares of DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Bank of America increased their price objective on DocuSign from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, September 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $84.00 price target on shares of DocuSign in a report on Thursday, September 5th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research report on Friday, September 6th. Finally, Citigroup lifted their price target on shares of DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $63.40.

Get Our Latest Research Report on DocuSign

Insider Buying and Selling

In other DocuSign news, CEO Allan C. Thygesen sold 7,725 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $54.89, for a total value of $424,025.25. Following the transaction, the chief executive officer now directly owns 109,918 shares of the company’s stock, valued at approximately $6,033,399.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Teresa Briggs sold 534 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $56.56, for a total value of $30,203.04. Following the completion of the sale, the director now directly owns 7,202 shares of the company’s stock, valued at $407,345.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Allan C. Thygesen sold 7,725 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $54.89, for a total value of $424,025.25. Following the transaction, the chief executive officer now directly owns 109,918 shares in the company, valued at $6,033,399.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 418,002 shares of company stock valued at $22,471,973 over the last three months. 1.66% of the stock is currently owned by company insiders.

DocuSign Stock Performance

Shares of DocuSign stock opened at $68.89 on Friday. The company has a market capitalization of $13.98 billion, a P/E ratio of 14.53, a PEG ratio of 7.33 and a beta of 0.92. DocuSign, Inc. has a 1 year low of $38.11 and a 1 year high of $69.78. The company’s fifty day moving average is $58.30 and its two-hundred day moving average is $56.83.

DocuSign (NASDAQ:DOCUGet Free Report) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.17. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The firm had revenue of $736.03 million for the quarter, compared to analyst estimates of $727.20 million. During the same quarter last year, the company posted $0.09 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. As a group, equities analysts expect that DocuSign, Inc. will post 1.01 earnings per share for the current 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.

Further Reading

Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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