Centaurus Financial Inc. Takes $1.20 Million Position in Docusign Inc. $DOCU

Centaurus Financial Inc. bought a new stake in Docusign Inc. (NASDAQ:DOCUFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 27,030 shares of the company’s stock, valued at approximately $1,201,000.

Several other institutional investors also recently bought and sold shares of DOCU. BlackRock Inc. purchased a new position in Docusign in the 2nd quarter worth approximately $927,059,000. State Street Corp increased its stake in shares of Docusign by 0.9% in the fourth quarter. State Street Corp now owns 8,193,805 shares of the company’s stock worth $560,456,000 after buying an additional 77,008 shares during the period. Capital World Investors raised its holdings in Docusign by 38.1% during the 4th quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock valued at $397,801,000 after buying an additional 1,603,900 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Docusign by 76.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,285,128 shares of the company’s stock valued at $250,568,000 after buying an additional 2,283,996 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Docusign by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 4,084,463 shares of the company’s stock worth $278,665,000 after acquiring an additional 18,873 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Docusign news, CRO Paula Hansen sold 6,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total value of $273,240.00. Following the completion of the transaction, the executive owned 89,972 shares in the company, valued at approximately $4,097,324.88. This represents a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Chatwani sold 15,902 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $43.01, for a total value of $683,945.02. Following the transaction, the insider directly owned 72,805 shares of the company’s stock, valued at $3,131,343.05. This represents a 17.93% 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. Insiders have sold a total of 91,330 shares of company stock worth $4,357,737 over the last quarter. Company insiders own 0.59% of the company’s stock.

Docusign Price Performance

DOCU stock opened at $63.80 on Friday. Docusign Inc. has a 1 year low of $40.16 and a 1 year high of $86.65. The company has a market cap of $12.18 billion, a P/E ratio of 41.43, a PEG ratio of 1.72 and a beta of 0.87. The firm has a 50-day moving average of $53.03 and a 200 day moving average of $49.04.

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

Analysts Set New Price Targets

Several brokerages have recently commented on DOCU. BTIG Research lowered their price objective 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. Weiss Ratings raised Docusign from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Citigroup reiterated a “market outperform” rating on shares of Docusign in a report on Tuesday, August 18th. Wall Street Zen lowered Docusign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Docusign in a report on Friday, June 5th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.27.

Check Out Our Latest Stock Report on Docusign

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)

Receive News & Ratings for Docusign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docusign and related companies with MarketBeat.com's FREE daily email newsletter.