Docusign Inc. $DOCU Shares Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC raised its position in Docusign Inc. (NASDAQ:DOCU) by 585.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 415,810 shares of the company’s stock after buying an additional 355,159 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.22% of Docusign worth $18,470,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Modus Advisors LLC acquired a new position in shares of Docusign in the fourth quarter worth $27,000. Cary Street Partners Investment Advisory LLC increased its position in Docusign by 309.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company’s stock worth $38,000 after purchasing an additional 424 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in Docusign during the 4th quarter worth about $39,000. WealthCollab LLC raised its stake in Docusign by 372.4% in the 1st quarter. WealthCollab LLC now owns 855 shares of the company’s stock valued at $41,000 after purchasing an additional 674 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in Docusign in the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Docusign Price Performance

Shares of NASDAQ:DOCU opened at $64.00 on Monday. The firm has a market capitalization of $12.22 billion, a PE ratio of 41.56, a P/E/G ratio of 1.86 and a beta of 0.87. The business has a 50-day moving average of $53.44 and a two-hundred day moving average of $49.16. Docusign Inc. has a 12 month low of $40.16 and a 12 month high of $86.65.

Docusign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, June 4th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The company had revenue of $830.24 million for the quarter, compared to the consensus estimate of $824.71 million. Docusign had a return on equity of 17.48% and a net margin of 9.59%.The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $0.90 EPS. As a group, research analysts anticipate that Docusign Inc. will post 2.06 earnings per share for the current year.

Insider Activity

In other news, insider Robert Chatwani sold 15,902 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $43.01, for a total value of $683,945.02. Following the transaction, the insider owned 72,805 shares of the company’s stock, valued at approximately $3,131,343.05. This trade represents a 17.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James P. Shaughnessy sold 12,000 shares of Docusign stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total transaction of $546,480.00. Following the transaction, the insider owned 52,815 shares in the company, valued at $2,405,195.10. The trade was a 18.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 91,780 shares of company stock valued at $4,386,546 over the last quarter. 0.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DOCU. Wedbush reduced their price objective on shares of Docusign from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $86.00 target price on shares of Docusign in a research note on Tuesday, August 18th. BTIG Research cut their price target on Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a report on Friday, June 5th. Wall Street Zen lowered Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Finally, Wells Fargo & Company lowered their price objective on Docusign from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Docusign currently has an average rating of “Hold” and a consensus price target of $60.27.

More Docusign News

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Analysts at Zacks said DocuSign’s upcoming earnings report could benefit from factors supporting a potential earnings beat. The articles encourage investors to monitor earnings expectations ahead of the scheduled quarterly announcement. DocuSign Earnings Expected to Grow
• Positive Sentiment: Recent trading strength across several software stocks, including DocuSign, provided a favorable sector backdrop and helped support investor sentiment toward DOCU. Software Stocks Trade Up
• Neutral Sentiment: DocuSign’s ARR guidance is expected to receive increased attention from Bank of America. Investors will likely scrutinize recurring-revenue growth and management’s outlook because ARR is a key indicator of future subscription performance. DocuSign ARR Guidance
• Neutral Sentiment: Comparisons with Autodesk (NASDAQ: ADSK) frame DocuSign as a potential value opportunity within internet software, but the analysis does not represent a new company catalyst. DOCU Versus ADSK
• Negative Sentiment: Director James A. Beer sold 450 shares worth approximately $28,809. The transaction reduced his holdings by 2.99%, but it was made under a pre-arranged Rule 10b5-1 trading plan and represents only a small portion of his remaining stake, limiting its significance as a bearish signal. DocuSign Director Stock Sale Filing

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.