DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Diversified Trust Co

Diversified Trust Co increased its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 17.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,133 shares of the company’s stock after purchasing an additional 1,979 shares during the quarter. Diversified Trust Co’s holdings in DocuSign were worth $703,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in DocuSign by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 21,399,739 shares of the company’s stock valued at $1,272,214,000 after acquiring an additional 417,352 shares during the period. Coatue Management LLC acquired a new position in DocuSign during the fourth quarter valued at $288,274,000. Jericho Capital Asset Management L.P. boosted its holdings in DocuSign by 316.6% in the first quarter. Jericho Capital Asset Management L.P. now owns 3,417,908 shares of the company’s stock valued at $203,536,000 after purchasing an additional 2,597,489 shares during the last quarter. Clearbridge Investments LLC grew its position in DocuSign by 6.1% during the 1st quarter. Clearbridge Investments LLC now owns 2,805,226 shares of the company’s stock worth $167,051,000 after purchasing an additional 161,762 shares during the period. Finally, Norges Bank purchased a new position in shares of DocuSign during the 4th quarter valued at about $133,826,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

DocuSign Price Performance

DOCU stock traded up $0.79 during trading on Wednesday, hitting $54.38. The stock had a trading volume of 295,593 shares, compared to its average volume of 2,721,516. DocuSign, Inc. has a twelve month low of $38.11 and a twelve month high of $64.76. The company’s 50-day moving average price is $53.40 and its two-hundred day moving average price is $55.45. The stock has a market capitalization of $11.13 billion, a P/E ratio of 103.06, a PEG ratio of 8.34 and a beta of 0.94.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, June 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. DocuSign had a return on equity of 15.44% and a net margin of 3.81%. The firm had revenue of $709.64 million for the quarter, compared to analyst estimates of $706.07 million. As a group, sell-side analysts expect that DocuSign, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DOCU shares. Morgan Stanley lowered their target price on DocuSign from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, June 7th. Robert W. Baird lowered their price objective on DocuSign from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Piper Sandler cut their target price on shares of DocuSign from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Citigroup lowered their price target on shares of DocuSign from $93.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Friday, June 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $59.36.

Insiders Place Their Bets

In other news, Director Teresa Briggs sold 499 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $54.92, for a total value of $27,405.08. Following the completion of the sale, the director now directly owns 6,668 shares in the company, valued at $366,206.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other DocuSign news, insider James P. Shaughnessy sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $50.98, for a total transaction of $91,764.00. Following the transaction, the insider now owns 35,703 shares of the company’s stock, valued at $1,820,138.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teresa Briggs sold 499 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.92, for a total value of $27,405.08. Following the completion of the sale, the director now directly owns 6,668 shares of the company’s stock, valued at $366,206.56. The disclosure for this sale can be found here. Insiders have sold a total of 475,192 shares of company stock valued at $25,095,034 in the last 90 days. 1.66% of the stock is owned by insiders.

DocuSign Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.