DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co boosted its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,848 shares of the company’s stock after buying an additional 214 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in DocuSign were worth $1,008,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in DocuSign by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 21,399,739 shares of the company’s stock worth $1,272,214,000 after buying an additional 417,352 shares during the period. Coatue Management LLC purchased a new stake in shares of DocuSign in the 4th quarter valued at approximately $288,274,000. American Century Companies Inc. boosted its stake in DocuSign by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 4,099,400 shares of the company’s stock worth $219,318,000 after purchasing an additional 75,026 shares during the period. Renaissance Technologies LLC raised its stake in DocuSign by 18.3% during the 2nd quarter. Renaissance Technologies LLC now owns 3,729,314 shares of the company’s stock valued at $199,518,000 after purchasing an additional 576,414 shares during the period. Finally, Jericho Capital Asset Management L.P. lifted its holdings in shares of DocuSign by 316.6% in the first quarter. Jericho Capital Asset Management L.P. now owns 3,417,908 shares of the company’s stock valued at $203,536,000 after purchasing an additional 2,597,489 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Insider Activity at DocuSign

In other DocuSign news, Director Daniel D. Springer sold 70,983 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $49.84, for a total value of $3,537,792.72. Following the sale, the director now owns 891,373 shares of the company’s stock, valued at approximately $44,426,030.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other DocuSign news, CFO Blake Jeffrey Grayson sold 14,036 shares of DocuSign stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $55.47, for a total transaction of $778,576.92. Following the completion of the transaction, the chief financial officer now directly owns 87,611 shares of the company’s stock, valued at $4,859,782.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel D. Springer sold 70,983 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.84, for a total transaction of $3,537,792.72. Following the completion of the sale, the director now directly owns 891,373 shares in the company, valued at approximately $44,426,030.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 460,864 shares of company stock worth $24,549,227. 1.66% of the stock is owned by corporate insiders.

DocuSign Price Performance

NASDAQ:DOCU opened at $57.97 on Friday. DocuSign, Inc. has a one year low of $38.11 and a one year high of $64.76. The company has a fifty day moving average price of $55.87 and a 200 day moving average price of $56.17. The stock has a market cap of $11.87 billion, a P/E ratio of 111.48, a PEG ratio of 5.99 and a beta of 0.93.

DocuSign (NASDAQ:DOCU) last released its earnings results on Thursday, September 5th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.17. The business had revenue of $736.03 million during the quarter, compared to analysts’ expectations of $727.20 million. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. As a group, equities research analysts anticipate that DocuSign, Inc. will post 0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Piper Sandler decreased their price target on shares of DocuSign from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Royal Bank of Canada increased their price objective on DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a report on Friday, September 6th. Robert W. Baird boosted their target price on DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Wells Fargo & Company raised their price target on DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $84.00 price target on shares of DocuSign in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DocuSign has a consensus rating of “Hold” and an average target price of $61.45.

DocuSign Profile

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.