Docusign Inc. $DOCU Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S decreased its position in shares of Docusign Inc. (NASDAQ:DOCU) by 50.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,294 shares of the company’s stock after selling 26,770 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Docusign were worth $1,896,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DOCU. Nordea Investment Management AB raised its position in shares of Docusign by 3.6% in the 3rd quarter. Nordea Investment Management AB now owns 1,154,824 shares of the company’s stock worth $87,316,000 after buying an additional 40,432 shares during the period. Baird Financial Group Inc. boosted its position in 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 buying an additional 112,059 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of Docusign in the 3rd quarter valued at approximately $5,335,000. Vise Technologies Inc. bought a new position in Docusign during the 2nd quarter valued at $436,000. Finally, Bank of New York Mellon Corp grew its stake in Docusign by 3.1% in the third 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. 77.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on DOCU. Robert W. Baird dropped their target price on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. JPMorgan Chase & Co. dropped their price target on Docusign from $80.00 to $78.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a research note on Wednesday, December 17th. Zacks Research lowered shares of Docusign from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Docusign in a research report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.13.

Insider Activity at Docusign

In other news, insider Robert Chatwani sold 13,818 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $68.33, for a total value of $944,183.94. Following the completion of the sale, the insider owned 70,197 shares in the company, valued at $4,796,561.01. This represents a 16.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James P. Shaughnessy sold 12,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $67.03, for a total value of $804,360.00. Following the completion of the sale, the insider directly owned 54,550 shares of the company’s stock, valued at approximately $3,656,486.50. This trade represents a 18.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 78,292 shares of company stock worth $5,374,260. Insiders own 1.01% of the company’s stock.

Docusign Trading Up 3.5%

Shares of DOCU opened at $47.13 on Monday. Docusign Inc. has a 1-year low of $45.00 and a 1-year high of $94.67. The business’s 50-day moving average price is $63.34 and its 200 day moving average price is $69.75. The stock has a market capitalization of $9.44 billion, a P/E ratio of 32.96, a P/E/G ratio of 2.06 and a beta of 1.00.

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.