Docusign Inc. $DOCU Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in shares of Docusign Inc. (NASDAQ:DOCU) by 30.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 273,740 shares of the company’s stock after selling 119,594 shares during the period. Blair William & Co. IL owned approximately 0.14% of Docusign worth $19,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Docusign in the second quarter valued at approximately $43,000. SJS Investment Consulting Inc. lifted its position in Docusign by 5,318.2% in the third quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock worth $43,000 after purchasing an additional 585 shares during the period. CX Institutional boosted its stake in Docusign by 5,860.0% during the 3rd quarter. CX Institutional now owns 596 shares of the company’s stock valued at $43,000 after purchasing an additional 586 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Docusign by 48.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 590 shares of the company’s stock valued at $46,000 after purchasing an additional 193 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Docusign by 66.9% during the 3rd quarter. Bessemer Group Inc. now owns 873 shares of the company’s stock valued at $62,000 after purchasing an additional 350 shares during the period. 77.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider James P. Shaughnessy sold 12,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $67.03, for a total value of $804,360.00. Following the completion of the sale, the insider directly owned 54,550 shares of the company’s stock, valued at approximately $3,656,486.50. This represents a 18.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Paula Hansen sold 6,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $67.05, for a total value of $402,300.00. Following the sale, the executive owned 68,970 shares of the company’s stock, valued at $4,624,438.50. The trade was a 8.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 77,476 shares of company stock valued at $5,302,678 over the last quarter. 1.01% of the stock is owned by insiders.

Docusign Stock Performance

NASDAQ DOCU opened at $48.69 on Monday. The firm’s 50 day moving average price is $53.84 and its two-hundred day moving average price is $65.77. Docusign Inc. has a twelve month low of $40.16 and a twelve month high of $94.67. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 2.12 and a beta of 1.03.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DOCU shares. BTIG Research dropped their price objective on Docusign from $88.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Zacks Research cut Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Bank of America lowered their target price on Docusign from $102.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Jefferies Financial Group cut shares of Docusign from a “buy” rating to a “hold” rating and dropped their price target for the stock from $105.00 to $45.00 in a research report on Monday, February 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Docusign in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $78.80.

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.