BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 17,895 Shares of Docusign Inc. $DOCU

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Docusign Inc. (NASDAQ:DOCU) by 9.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 211,725 shares of the company’s stock after purchasing an additional 17,895 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.11% of Docusign worth $15,132,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DOCU. Nordea Investment Management AB raised its stake in Docusign by 3.6% during the third quarter. Nordea Investment Management AB now owns 1,154,824 shares of the company’s stock worth $87,316,000 after acquiring an additional 40,432 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Docusign by 927.2% in the 2nd quarter. Baird Financial Group Inc. now owns 124,145 shares of the company’s stock valued at $9,670,000 after purchasing an additional 112,059 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Docusign in the 3rd quarter worth about $5,335,000. Vise Technologies Inc. acquired a new stake in shares of Docusign during the 2nd quarter worth about $436,000. Finally, Bank of New York Mellon Corp increased its position in shares of Docusign by 3.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,594,884 shares of the company’s stock worth $114,975,000 after purchasing an additional 47,331 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DOCU. Weiss Ratings restated a “hold (c)” rating on shares of Docusign in a research report on Wednesday, January 21st. JPMorgan Chase & Co. cut their target price on shares of Docusign from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Piper Sandler reduced their target price on Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Wells Fargo & Company decreased their price target on Docusign from $85.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, December 5th. Finally, Robert W. Baird cut their price objective on Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Six analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, Docusign currently has a consensus rating of “Hold” and an average price target of $82.80.

Insider Transactions at Docusign

In other Docusign news, CEO Allan C. Thygesen sold 26,250 shares of the firm’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $69.60, for a total transaction of $1,827,000.00. Following the transaction, the chief executive officer owned 142,261 shares in the company, valued at approximately $9,901,365.60. This trade represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Blake Jeffrey Grayson sold 9,515 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $68.33, for a total value of $650,159.95. Following the transaction, the chief financial officer owned 118,213 shares of the company’s stock, valued at $8,077,494.29. The trade was a 7.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 78,292 shares of company stock valued at $5,374,260. Corporate insiders own 1.01% of the company’s stock.

Docusign Stock Performance

Shares of Docusign stock opened at $44.12 on Friday. The firm has a fifty day moving average of $59.10 and a two-hundred day moving average of $67.80. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 1.96 and a beta of 1.00. Docusign Inc. has a 52 week low of $41.53 and a 52 week high of $94.67.

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.