QRG Capital Management Inc. Has $2.20 Million Holdings in Docusign Inc. $DOCU

QRG Capital Management Inc. decreased its holdings in Docusign Inc. (NASDAQ:DOCU) by 56.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,577 shares of the company’s stock after selling 40,006 shares during the period. QRG Capital Management Inc.’s holdings in Docusign were worth $2,204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DOCU. Twin Peaks Wealth Advisors LLC bought a new stake in Docusign in the 2nd quarter valued at $43,000. First Horizon Advisors Inc. increased its holdings in shares of Docusign by 48.6% in the second quarter. First Horizon Advisors Inc. now owns 590 shares of the company’s stock valued at $46,000 after purchasing an additional 193 shares during the last quarter. SJS Investment Consulting Inc. raised its position in shares of Docusign by 5,318.2% in the third quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock valued at $43,000 after purchasing an additional 585 shares during the period. CX Institutional raised its position in shares of Docusign by 5,860.0% in the third quarter. CX Institutional now owns 596 shares of the company’s stock valued at $43,000 after purchasing an additional 586 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in shares of Docusign by 106.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 848 shares of the company’s stock worth $66,000 after buying an additional 437 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Docusign Stock Performance

Shares of NASDAQ DOCU opened at $56.71 on Tuesday. The stock has a market capitalization of $11.36 billion, a P/E ratio of 39.66, a PEG ratio of 2.79 and a beta of 0.99. The stock’s fifty day moving average is $67.31 and its 200 day moving average is $72.23. Docusign Inc. has a 52 week low of $56.63 and a 52 week high of $99.30.

Insider Transactions at Docusign

In related news, CRO Paula Hansen sold 6,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $67.05, for a total transaction of $402,300.00. Following the sale, the executive owned 68,970 shares in the company, valued at approximately $4,624,438.50. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Chatwani sold 13,818 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $68.33, for a total transaction of $944,183.94. Following the transaction, the insider owned 70,197 shares of the company’s stock, valued at approximately $4,796,561.01. This represents a 16.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 78,292 shares of company stock worth $5,374,260. Corporate insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DOCU. Zacks Research lowered shares of Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Royal Bank Of Canada reduced their price objective on Docusign from $95.00 to $70.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. Wedbush lowered their target price on Docusign from $85.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a report on Wednesday, December 17th. Finally, Cantor Fitzgerald reaffirmed an “outperform” rating on shares of Docusign in a report on Wednesday, December 17th. Six equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Docusign has a consensus rating of “Hold” and an average target price of $85.13.

About Docusign

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.