Blair William & Co. IL Sells 15,961 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Blair William & Co. IL trimmed its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 381,082 shares of the company’s stock after selling 15,961 shares during the period. Blair William & Co. IL owned about 0.19% of DocuSign worth $34,275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOCU. Itau Unibanco Holding S.A. bought a new position in DocuSign during the 3rd quarter worth approximately $28,000. Kestra Investment Management LLC purchased a new stake in shares of DocuSign during the fourth quarter valued at approximately $30,000. Brooklyn Investment Group purchased a new position in shares of DocuSign in the third quarter worth $33,000. Modus Advisors LLC bought a new stake in DocuSign during the 4th quarter valued at $36,000. Finally, First Horizon Advisors Inc. boosted its position in DocuSign by 102.6% during the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock valued at $36,000 after buying an additional 201 shares during the period. 77.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DOCU has been the subject of several recent analyst reports. Hsbc Global Res raised shares of DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. Morgan Stanley increased their price objective on DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. HSBC reissued a “reduce” rating on shares of DocuSign in a research note on Friday, December 6th. Wells Fargo & Company raised their price target on DocuSign from $70.00 to $73.00 and gave the stock an “underweight” rating in a research note on Friday, March 14th. Finally, Piper Sandler boosted their price objective on shares of DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $95.00.

Insider Activity

In related news, Director Teresa Briggs sold 534 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.41, for a total transaction of $46,676.94. Following the transaction, the director now owns 8,270 shares in the company, valued at $722,880.70. This represents a 6.07 % 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, CEO Allan C. Thygesen sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $90.04, for a total transaction of $3,601,600.00. Following the completion of the sale, the chief executive officer now owns 156,050 shares in the company, valued at $14,050,742. This represents a 20.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,851 shares of company stock valued at $8,579,369 over the last ninety days. 1.66% of the stock is currently owned by corporate insiders.

DocuSign Stock Down 1.4 %

Shares of DOCU opened at $85.65 on Friday. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The stock has a market cap of $17.34 billion, a P/E ratio of 17.66, a P/E/G ratio of 6.94 and a beta of 1.02. The business’s 50 day moving average price is $87.30 and its 200-day moving average price is $80.98.

DocuSign (NASDAQ:DOCU) last released its earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The business had revenue of $776.25 million for the quarter, compared to the consensus estimate of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share. On average, equities analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current year.

About DocuSign

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.