Andra AP fonden Invests $34.96 Million in Docusign Inc. $DOCU

Andra AP fonden acquired a new stake in Docusign Inc. (NASDAQ:DOCU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 484,900 shares of the company’s stock, valued at approximately $34,956,000. Andra AP fonden owned about 0.24% of Docusign as of its most recent SEC filing.

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

Docusign Trading Up 5.7%

DOCU opened at $45.72 on Friday. Docusign Inc. has a twelve month low of $40.16 and a twelve month high of $94.67. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 1.89 and a beta of 1.00. The company has a fifty day simple moving average of $56.58 and a 200 day simple moving average of $66.79.

Wall Street Analysts Forecast Growth

DOCU has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Docusign from $85.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, December 5th. Wedbush decreased their price target on Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. UBS Group reduced their price target on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. HSBC set a $53.00 price target on shares of Docusign in a research note on Friday, February 13th. Finally, Robert W. Baird dropped their price objective on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Five research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $78.80.

Insider Activity at Docusign

In other Docusign news, insider Robert Chatwani sold 13,818 shares of the stock in a transaction 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 sale, the insider directly 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Blake Jeffrey Grayson sold 6,500 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $70.00, for a total transaction of $455,000.00. Following the sale, the chief financial officer owned 111,713 shares in the company, valued at approximately $7,819,910. This trade represents a 5.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,927 shares of company stock worth $5,349,005 over the last ninety days. Company insiders own 1.01% of the company’s stock.

Docusign 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.