DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 14.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 610,728 shares of the company’s stock after acquiring an additional 75,133 shares during the quarter. Dimensional Fund Advisors LP owned 0.30% of DocuSign worth $32,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Massmutual Trust Co. FSB ADV increased its holdings in DocuSign by 5,000.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares during the period. Mather Group LLC. lifted its stake in DocuSign by 4,338.5% in the second quarter. Mather Group LLC. now owns 577 shares of the company’s stock worth $31,000 after acquiring an additional 564 shares during the last quarter. Register Financial Advisors LLC acquired a new position in DocuSign during the 1st quarter worth approximately $37,000. nVerses Capital LLC purchased a new stake in shares of DocuSign in the 2nd quarter valued at approximately $48,000. Finally, Jones Financial Companies Lllp purchased a new stake in shares of DocuSign during the 4th quarter worth $59,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

DocuSign Stock Down 1.1 %

NASDAQ DOCU opened at $61.42 on Wednesday. The stock has a market capitalization of $12.57 billion, a P/E ratio of 118.12, a P/E/G ratio of 6.37 and a beta of 0.93. DocuSign, Inc. has a 52-week low of $38.11 and a 52-week high of $64.76. The firm has a 50-day moving average price of $56.52 and a 200 day moving average price of $56.41.

DocuSign (NASDAQ:DOCU) last issued its earnings results on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.17. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The business had revenue of $736.03 million during the quarter, compared to the consensus estimate of $727.20 million. During the same period in the prior year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts expect that DocuSign, Inc. will post 0.99 earnings per share for the current fiscal year.

Insider Buying and Selling at DocuSign

In other news, CFO Blake Jeffrey Grayson sold 14,036 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $55.47, for a total value of $778,576.92. Following the completion of the transaction, the chief financial officer now owns 87,611 shares in the company, valued at approximately $4,859,782.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Allan C. Thygesen sold 7,725 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.09, for a total value of $456,470.25. Following the completion of the transaction, the chief executive officer now owns 102,193 shares in the company, valued at $6,038,584.37. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $778,576.92. Following the transaction, the chief financial officer now directly owns 87,611 shares of the company’s stock, valued at approximately $4,859,782.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 438,154 shares of company stock valued at $23,351,788. 1.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DOCU has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on DocuSign from $65.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, June 7th. JMP Securities reissued a “market outperform” rating and issued a $84.00 target price on shares of DocuSign in a research report on Thursday, September 5th. Piper Sandler dropped their price objective on shares of DocuSign from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, June 7th. Wells Fargo & Company upped their target price on shares of DocuSign from $48.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Finally, Bank of America raised their price target on DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $63.40.

About DocuSign

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.