Union Square Park Capital Management LLC Sells 20,000 Shares of Docusign Inc. $DOCU

Union Square Park Capital Management LLC reduced its holdings in shares of Docusign Inc. (NASDAQ:DOCU) by 50.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,000 shares of the company’s stock after selling 20,000 shares during the period. Union Square Park Capital Management LLC’s holdings in Docusign were worth $1,442,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Docusign in the 2nd quarter valued at $43,000. SJS Investment Consulting Inc. raised its stake in shares of Docusign by 5,318.2% in the third quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock valued at $43,000 after acquiring an additional 585 shares during the last quarter. CX Institutional raised its stake in shares of Docusign by 5,860.0% in the third quarter. CX Institutional now owns 596 shares of the company’s stock valued at $43,000 after acquiring an additional 586 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Docusign by 66.9% in the 3rd quarter. Bessemer Group Inc. now owns 873 shares of the company’s stock worth $62,000 after acquiring an additional 350 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in Docusign during the 3rd quarter worth approximately $67,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

DOCU has been the subject of a number of recent analyst reports. Evercore dropped their price target on Docusign from $92.00 to $80.00 and set an “in-line” rating for the company in a report on Friday, December 5th. JPMorgan Chase & Co. reduced their price objective on Docusign from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Robert W. Baird lowered their target price on Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Zacks Research cut Docusign from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, HSBC set a $53.00 price target on shares of Docusign in a research report on Friday, February 13th. Five investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Docusign has an average rating of “Hold” and a consensus price target of $78.80.

Docusign Price Performance

DOCU stock opened at $47.05 on Friday. The company has a 50 day moving average price of $51.81 and a 200 day moving average price of $64.99. Docusign Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $94.67. The stock has a market capitalization of $9.42 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 2.02 and a beta of 1.03.

Insider Buying and Selling

In other news, CRO Paula Hansen sold 6,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $67.05, for a total transaction of $402,300.00. Following the completion of the sale, the executive owned 68,970 shares in the company, valued at $4,624,438.50. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James P. Shaughnessy sold 12,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.03, for a total value of $804,360.00. Following the transaction, the insider directly owned 54,550 shares in the company, valued at $3,656,486.50. This trade represents a 18.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 76,493 shares of company stock worth $5,235,225. 1.01% of the stock is currently owned by company insiders.

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.