Hsbc Holdings PLC Buys New Stake in Docusign Inc. $DOCU

Hsbc Holdings PLC bought a new stake in shares of Docusign Inc. (NASDAQ:DOCUFree Report) during the second quarter, HoldingsChannel reports. The fund bought 116,076 shares of the company’s stock, valued at approximately $5,156,000.

Other hedge funds 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. Torren Management LLC purchased a new stake in Docusign during the 4th quarter worth about $28,000. 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 acquired a new position in Docusign in the 4th quarter valued at about $39,000. Finally, WealthCollab LLC lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Transactions at Docusign

In other Docusign news, CEO Allan C. Thygesen sold 26,250 shares of Docusign stock in a transaction 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 $7,318,928.76. This trade represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James A. Beer sold 450 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $64.02, for a total transaction of $28,809.00. Following the sale, the director directly owned 14,586 shares of the company’s stock, valued at $933,795.72. This represents a 2.99% decrease in their ownership of the stock. 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 91,780 shares of company stock valued at $4,386,546 in the last quarter. Insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Jefferies Financial Group raised their price target on shares of Docusign from $45.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, June 5th. Wells Fargo & Company reduced their price objective on shares of Docusign from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Bank of America restated an “underperform” rating on shares of Docusign in a research report on Friday. BTIG Research lowered their target price on shares of Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Docusign in a research note on Friday, June 5th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Docusign presently has a consensus rating of “Hold” and a consensus price target of $60.27.

Read Our Latest Stock Analysis on Docusign

Docusign Trading Up 0.3%

Shares of NASDAQ:DOCU opened at $64.00 on Friday. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 1.85 and a beta of 0.87. The stock’s 50-day moving average price is $53.44 and its two-hundred day moving average price is $49.15. Docusign Inc. has a 12-month low of $40.16 and a 12-month high of $86.65.

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

Docusign News Roundup

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

About Docusign

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DOCU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Docusign Inc. (NASDAQ:DOCUFree Report).

Institutional Ownership by Quarter for Docusign (NASDAQ:DOCU)

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