Vinva Investment Management Ltd Buys 133,630 Shares of Docusign Inc. $DOCU

Vinva Investment Management Ltd lifted its stake in shares of Docusign Inc. (NASDAQ:DOCU) by 1,017.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,770 shares of the company’s stock after buying an additional 133,630 shares during the period. Vinva Investment Management Ltd owned about 0.07% of Docusign worth $10,581,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in Docusign in the 2nd quarter valued at about $43,000. First Horizon Advisors Inc. lifted its holdings in Docusign by 48.6% during the second quarter. First Horizon Advisors Inc. now owns 590 shares of the company’s stock worth $46,000 after acquiring an additional 193 shares during the period. SJS Investment Consulting Inc. boosted 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 worth $43,000 after purchasing an additional 585 shares during the last quarter. CX Institutional boosted its position in Docusign by 5,860.0% in the third quarter. CX Institutional now owns 596 shares of the company’s stock worth $43,000 after purchasing an additional 586 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in Docusign by 66.9% in the 3rd quarter. Bessemer Group Inc. now owns 873 shares of the company’s stock valued at $62,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Buying and Selling

In related news, 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 sale, the insider directly owned 70,197 shares of the company’s stock, valued at $4,796,561.01. This trade represents a 16.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James P. Shaughnessy sold 12,000 shares of Docusign stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $67.03, for a total transaction of $804,360.00. Following the sale, the insider owned 54,550 shares of the company’s stock, valued at approximately $3,656,486.50. The trade was a 18.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 77,476 shares of company stock valued at $5,302,678 in the last 90 days. 1.01% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald reissued an “outperform” rating on shares of Docusign in a report on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Docusign in a research note on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price objective on Docusign from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. BTIG Research decreased their price target on Docusign from $88.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Finally, UBS Group cut their price objective on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Five research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, Docusign has an average rating of “Hold” and an average price target of $78.80.

Docusign Stock Up 1.0%

NASDAQ:DOCU opened at $48.69 on Monday. The business’s 50-day moving average price is $53.84 and its two-hundred day moving average price is $65.77. Docusign Inc. has a twelve month low of $40.16 and a twelve month high of $94.67. The stock has a market cap of $9.75 billion, a P/E ratio of 34.05, a PEG ratio of 2.12 and a beta of 1.03.

About Docusign

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.