Aquatic Capital Management LLC Makes New $5.06 Million Investment in Docusign Inc. $DOCU

Aquatic Capital Management LLC acquired a new position in shares of Docusign Inc. (NASDAQ:DOCU) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 70,142 shares of the company’s stock, valued at approximately $5,057,000.

A number of other hedge funds have also made changes to their positions in the business. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Docusign during the 2nd quarter worth 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 valued at $43,000 after acquiring an additional 585 shares during the last quarter. CX Institutional lifted its position in 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 acquiring an additional 586 shares during the last quarter. Bessemer Group Inc. boosted its stake 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 in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in Docusign in the third quarter valued at $67,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DOCU has been the topic of a number of research analyst reports. Evercore cut their target price on Docusign from $92.00 to $80.00 and set an “in-line” rating on the stock in a research report on Friday, December 5th. Jefferies Financial Group downgraded 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 note on Monday, February 23rd. Zacks Research cut shares of Docusign from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Needham & Company LLC restated a “hold” rating on shares of Docusign in a research report on Tuesday, March 10th. Finally, Wedbush reduced their price objective on Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. 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 company presently has a consensus rating of “Hold” and a consensus price target of $78.80.

Docusign Stock Down 0.5%

Shares of NASDAQ:DOCU opened at $46.82 on Tuesday. Docusign Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $94.67. The firm’s 50-day simple moving average is $51.46 and its 200-day simple moving average is $64.67. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.05 and a beta of 1.03.

Insider Transactions at Docusign

In other news, CFO Blake Jeffrey Grayson sold 6,500 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $70.00, for a total transaction of $455,000.00. Following the completion of the transaction, the chief financial officer directly owned 111,713 shares of the company’s stock, valued at approximately $7,819,910. This represents a 5.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Chatwani sold 13,818 shares of the firm’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 value of $944,183.94. Following the completion of the sale, the insider directly owned 70,197 shares of the company’s stock, valued at $4,796,561.01. This represents a 16.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 74,810 shares of company stock valued at $5,115,951 over the last 90 days. Insiders own 1.66% of the company’s stock.

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.