EP Wealth Advisors LLC Purchases New Position in Docusign Inc. $DOCU

EP Wealth Advisors LLC purchased a new position in Docusign Inc. (NASDAQ:DOCU) in the second quarter, HoldingsChannel reports. The fund purchased 8,656 shares of the company’s stock, valued at approximately $385,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. NewEdge Advisors LLC boosted its position in Docusign by 36.4% during the 1st quarter. NewEdge Advisors LLC now owns 9,202 shares of the company’s stock valued at $749,000 after acquiring an additional 2,457 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Docusign by 6.7% during the 2nd quarter. Guggenheim Capital LLC now owns 11,543 shares of the company’s stock worth $899,000 after acquiring an additional 729 shares during the period. State Street Corp raised its position in shares of Docusign by 3.0% in the 2nd quarter. State Street Corp now owns 8,074,976 shares of the company’s stock worth $628,960,000 after acquiring an additional 236,494 shares in the last quarter. Sei Investments Co. raised its position in shares of Docusign by 60.7% in the 2nd quarter. Sei Investments Co. now owns 40,386 shares of the company’s stock worth $3,146,000 after acquiring an additional 15,247 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Docusign by 51.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 189,178 shares of the company’s stock valued at $14,735,000 after purchasing an additional 63,911 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Allan C. Thygesen sold 26,250 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $46.02, for a total value of $1,208,025.00. Following the transaction, the chief executive officer owned 159,038 shares in the company, valued at approximately $7,318,928.76. This represents a 14.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paula Hansen sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total transaction of $273,240.00. Following the sale, the executive directly owned 89,972 shares of the company’s stock, valued at $4,097,324.88. This trade represents a 6.25% 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. Over the last three months, insiders sold 91,695 shares of company stock valued at $4,376,002. 0.59% of the stock is currently owned by insiders.

Docusign Stock Down 3.2%

DOCU stock opened at $60.54 on Wednesday. Docusign Inc. has a twelve month low of $40.16 and a twelve month high of $86.65. The firm has a market cap of $11.56 billion, a PE ratio of 39.31, a price-to-earnings-growth ratio of 1.83 and a beta of 0.87. The business has a 50 day moving average of $52.28 and a 200 day moving average of $48.83.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, June 4th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. Docusign had a return on equity of 17.48% and a net margin of 9.59%.The business had revenue of $830.24 million during the quarter, compared to analysts’ expectations of $824.71 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, research analysts expect that Docusign Inc. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a report on Friday, June 5th. Wells Fargo & Company dropped their target price on shares of Docusign from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. UBS Group set a $60.00 target price on shares of Docusign in a report on Friday, June 5th. BTIG Research reduced their target price on shares of Docusign from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $86.00 price target on shares of Docusign in a research note on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.27.

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.