Ceera Investments LLC Sells 11,147 Shares of Docusign Inc. $DOCU

Ceera Investments LLC cut its position in Docusign Inc. (NASDAQ:DOCU) by 16.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,662 shares of the company’s stock after selling 11,147 shares during the period. Docusign comprises 1.2% of Ceera Investments LLC’s portfolio, making the stock its 28th largest holding. Ceera Investments LLC’s holdings in Docusign were worth $2,686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DOCU. Central Pacific Bank Trust Division purchased a new position in shares of Docusign during the 4th quarter valued at $25,000. Modus Advisors LLC purchased a new stake in Docusign in the 4th quarter worth $27,000. Torren Management LLC purchased a new stake in Docusign in the 4th quarter worth $28,000. True Wealth Design LLC raised its holdings in Docusign by 105.2% during the fourth quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $30,000 after acquiring an additional 222 shares during the period. Finally, Aventura Private Wealth LLC bought a new stake in Docusign during the fourth quarter valued at about $30,000. 77.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Docusign news, insider James P. Shaughnessy sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total transaction of $546,480.00. Following the sale, the insider directly owned 52,815 shares in the company, valued at $2,405,195.10. This represents a 18.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Allan C. Thygesen sold 26,250 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 159,038 shares of the company’s stock, valued at $7,318,928.76. The trade was a 14.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 76,695 shares of company stock valued at $3,476,002 in the last quarter. 0.59% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DOCU. UBS Group set a $60.00 price objective on Docusign in a research report on Friday, June 5th. Jefferies Financial Group lifted their target price on Docusign from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Weiss Ratings raised Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. BTIG Research dropped their price target on Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Finally, Bank of America assumed coverage on shares of Docusign in a report on Tuesday, March 31st. They set an “underperform” rating and a $52.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.27.

Docusign Stock Down 1.2%

DOCU stock opened at $52.74 on Friday. Docusign Inc. has a 52 week low of $40.16 and a 52 week high of $86.65. The firm has a market capitalization of $10.07 billion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 1.57 and a beta of 0.90. The company has a fifty day simple moving average of $47.44 and a two-hundred day simple moving average of $49.53.

Docusign (NASDAQ:DOCU) last posted its earnings results on Thursday, June 4th. The company reported $1.09 earnings per share 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 the consensus estimate of $824.71 million. Docusign had a net margin of 9.59% and a return on equity of 17.48%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. As a group, analysts anticipate that Docusign Inc. will post 2.03 EPS for the current year.

Docusign Company 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.