Two Sigma Securities LLC Invests $1.38 Million in Docusign Inc. $DOCU

Two Sigma Securities LLC acquired a new stake in shares of Docusign Inc. (NASDAQ:DOCUFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,972 shares of the company’s stock, valued at approximately $1,376,000.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Docusign in the second quarter worth $927,059,000. Norges Bank purchased a new stake in shares of Docusign during the 4th quarter worth $186,795,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Docusign by 76.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,285,128 shares of the company’s stock worth $250,568,000 after purchasing an additional 2,283,996 shares during the period. Capital World Investors grew its stake in shares of Docusign by 38.1% during the 4th quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock worth $397,801,000 after purchasing an additional 1,603,900 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Docusign in the 2nd quarter valued at about $56,219,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Docusign Price Performance

Shares of NASDAQ DOCU opened at $66.27 on Tuesday. The company has a 50-day simple moving average of $53.91 and a 200-day simple moving average of $49.29. The company has a market cap of $12.65 billion, a PE ratio of 43.03, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87. Docusign Inc. has a 12 month low of $40.16 and a 12 month high of $86.65.

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

Insiders Place Their Bets

In other Docusign news, CRO Paula Hansen sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total value of $273,240.00. Following the sale, the executive directly owned 89,972 shares of the company’s stock, valued at approximately $4,097,324.88. This trade represents a 6.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Blake Jeffrey Grayson sold 15,000 shares of Docusign stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $60.00, for a total value of $900,000.00. Following the completion of the sale, the chief financial officer owned 126,429 shares of the company’s stock, valued at $7,585,740. This trade represents a 10.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 90,965 shares of company stock valued at $4,341,688. 0.59% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a research note on Friday, June 5th. Wall Street Zen downgraded shares of Docusign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 2nd. Jefferies Financial Group boosted their price target on Docusign from $45.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, June 5th. Weiss Ratings upgraded Docusign from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Finally, BTIG Research reduced their price objective on Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a report on Friday, June 5th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Docusign has an average rating of “Hold” and a consensus price target of $60.27.

View Our Latest Research Report on DOCU

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

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Institutional Ownership by Quarter for Docusign (NASDAQ:DOCU)

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