Jefferies Financial Group Inc. Invests $691,000 in Docusign Inc. $DOCU

Jefferies Financial Group Inc. purchased a new position in shares of Docusign Inc. (NASDAQ:DOCU) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 15,561 shares of the company’s stock, valued at approximately $691,000.

A number of other large investors have also recently made changes to their positions in DOCU. Bank of America Corp DE grew its position in shares of Docusign by 23.3% in the 1st quarter. Bank of America Corp DE now owns 1,193,163 shares of the company’s stock worth $56,568,000 after buying an additional 225,801 shares during the period. Capital World Investors boosted its stake in Docusign by 38.1% in 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 in the last quarter. Assenagon Asset Management S.A. grew its position in Docusign by 247.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 349,038 shares of the company’s stock valued at $15,504,000 after purchasing an additional 248,597 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Docusign during the 4th quarter valued at about $6,897,000. Finally, Los Angeles Capital Management LLC bought a new stake in Docusign during the 4th quarter valued at about $1,750,000. 77.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup reiterated a “market outperform” rating on shares of Docusign in a research note on Tuesday, August 18th. Citizens Jmp reissued a “market outperform” rating and set a $86.00 price target on shares of Docusign in a research report on Tuesday, August 18th. BTIG Research decreased their price objective on shares of Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a report on Friday, June 5th. Jefferies Financial Group upped their price objective on Docusign from $45.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, June 5th. Finally, UBS Group set a $60.00 target price on Docusign in a research note on Friday, June 5th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.27.

Insider Activity

In related news, CEO Allan C. Thygesen sold 26,250 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $46.02, for a total transaction of $1,208,025.00. Following the completion of the transaction, the chief executive officer directly owned 159,038 shares in the company, valued at approximately $7,318,928.76. The trade was a 14.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paula Hansen sold 6,000 shares of the 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 $273,240.00. Following the completion of the sale, the executive directly owned 89,972 shares of the company’s stock, valued at $4,097,324.88. This represents a 6.25% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 90,965 shares of company stock worth $4,341,688. 0.59% of the stock is currently owned by corporate insiders.

Docusign Price Performance

NASDAQ:DOCU opened at $66.27 on Tuesday. Docusign Inc. has a one year low of $40.16 and a one year high of $86.65. The business has a fifty day moving average price of $53.91 and a 200-day moving average price of $49.29. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 43.03, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87.

Docusign (NASDAQ:DOCU) last released its earnings results on Thursday, June 4th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The company had revenue of $830.24 million for the quarter, compared to the consensus estimate of $824.71 million. Docusign had a return on equity of 17.48% and a net margin of 9.59%.Docusign’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. On average, equities research analysts expect that Docusign Inc. will post 2.06 earnings per share for the current fiscal year.

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.