Green Alpha Advisors LLC Purchases Shares of 9,704 Docusign Inc. $DOCU

Green Alpha Advisors LLC acquired a new position in Docusign Inc. (NASDAQ:DOCU) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,704 shares of the company’s stock, valued at approximately $431,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Modus Advisors LLC purchased a new stake in Docusign in the fourth quarter worth $27,000. Torren Management LLC purchased a new position in Docusign during the 4th quarter valued at $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 valued at $38,000 after purchasing an additional 424 shares during the period. Basepoint Wealth LLC bought a new position in Docusign in the 4th quarter worth $39,000. Finally, Harbour Investments Inc. raised its holdings in Docusign by 56.6% in the 4th quarter. Harbour Investments Inc. now owns 797 shares of the company’s stock worth $55,000 after purchasing an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Citizens Jmp reissued a “market outperform” rating and issued a $86.00 price target on shares of Docusign in a research note on Tuesday. Wedbush lowered their price objective on shares of Docusign from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Wells Fargo & Company lowered their price objective on shares of Docusign from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. Finally, BTIG Research cut their price objective on Docusign from $70.00 to $60.00 and set a “buy” rating on the stock in a research 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 stock. According to MarketBeat, Docusign has an average rating of “Hold” and an average target price of $60.27.

Insiders Place Their Bets

In other Docusign news, insider Robert Chatwani sold 15,902 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $43.01, for a total transaction of $683,945.02. Following the completion of the transaction, the insider owned 72,805 shares of the company’s stock, valued at approximately $3,131,343.05. This trade represents a 17.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 transaction of $1,208,025.00. Following the transaction, the chief executive officer directly owned 159,038 shares of the company’s stock, valued at $7,318,928.76. This represents a 14.17% 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. In the last quarter, insiders have sold 91,695 shares of company stock valued at $4,376,002. Insiders own 0.59% of the company’s stock.

Docusign Trading Down 0.4%

Shares of DOCU stock opened at $62.00 on Friday. The company’s fifty day moving average price is $51.59 and its 200-day moving average price is $48.64. The stock has a market cap of $11.84 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 1.84 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:DOCU) last issued its quarterly earnings results on Thursday, June 4th. The company reported $1.09 earnings per share (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 company 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 earned $0.90 EPS. Docusign’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts forecast that Docusign Inc. will post 2.03 earnings per share for the current fiscal year.

About Docusign

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.