Voya Investment Management LLC Lowers Position in Docusign Inc. $DOCU

Voya Investment Management LLC trimmed its position in shares of Docusign Inc. (NASDAQ:DOCU) by 22.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,744 shares of the company’s stock after selling 68,108 shares during the quarter. Voya Investment Management LLC’s holdings in Docusign were worth $16,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in DOCU. Banque Transatlantique SA purchased a new position in Docusign during the first quarter worth about $26,000. Rise Advisors LLC lifted its position in shares of Docusign by 864.6% during the 1st quarter. Rise Advisors LLC now owns 463 shares of the company’s stock worth $38,000 after buying an additional 415 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of Docusign in the 1st quarter worth approximately $39,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Docusign in the second quarter valued at approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Docusign by 31.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 595 shares of the company’s stock valued at $46,000 after acquiring an additional 142 shares during 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, Director James A. Beer sold 450 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $68.54, for a total value of $30,843.00. Following the completion of the transaction, the director directly owned 14,478 shares of the company’s stock, valued at $992,322.12. This trade represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Blake Jeffrey Grayson sold 9,515 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $68.33, for a total transaction of $650,159.95. Following the completion of the transaction, the chief financial officer directly owned 118,213 shares in the company, valued at approximately $8,077,494.29. The trade was a 7.45% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 87,542 shares of company stock valued at $6,097,905. Company insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on DOCU shares. Morgan Stanley boosted their price objective on Docusign from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Monday, September 8th. JMP Securities restated a “market outperform” rating and set a $124.00 price objective on shares of Docusign in a report on Friday, October 3rd. Zacks Research lowered shares of Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Piper Sandler lowered their price target on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Finally, UBS Group reduced their price objective on Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Six equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $86.80.

Docusign Price Performance

Docusign stock opened at $70.43 on Tuesday. Docusign Inc. has a one year low of $63.41 and a one year high of $99.30. The business has a fifty day moving average price of $68.99 and a 200-day moving average price of $73.62. The firm has a market capitalization of $14.11 billion, a P/E ratio of 49.25, a PEG ratio of 3.51 and a beta of 0.98.

Docusign Profile

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.