UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 142,575 Shares of Docusign Inc. $DOCU

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Docusign Inc. (NASDAQ:DOCU) by 7.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,808,071 shares of the company’s stock after selling 142,575 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Docusign were worth $80,315,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Modus Advisors LLC purchased a new stake in shares of Docusign in the 4th quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC grew its stake in Docusign by 309.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company’s stock worth $38,000 after buying an additional 424 shares during the last quarter. Basepoint Wealth LLC acquired a new stake in Docusign in the fourth quarter worth about $39,000. WealthCollab LLC boosted its stake in Docusign by 372.4% in the 1st quarter. WealthCollab LLC now owns 855 shares of the company’s stock worth $41,000 after purchasing an additional 674 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Docusign during the second quarter worth $47,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Docusign

In other Docusign news, insider James P. Shaughnessy sold 12,000 shares of the company’s stock in a transaction dated 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 owned 52,815 shares in the company, valued at $2,405,195.10. This represents a 18.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Chatwani sold 15,902 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $43.01, for a total transaction of $683,945.02. Following the sale, the insider owned 72,805 shares in the company, valued at $3,131,343.05. The trade was a 17.93% 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. In the last ninety days, insiders have sold 90,965 shares of company stock valued at $4,341,688. 0.59% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on DOCU. Weiss Ratings upgraded Docusign from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Citigroup reissued a “market outperform” rating on shares of Docusign in a research note on Tuesday, August 18th. Bank of America reissued an “underperform” rating on shares of Docusign in a research note on Friday, August 28th. Wedbush lowered their price objective on Docusign from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Finally, Wall Street Zen cut shares of Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.27.

Docusign Price Performance

Shares of DOCU stock opened at $65.39 on Thursday. Docusign Inc. has a 1-year low of $40.16 and a 1-year high of $86.65. The company has a 50-day moving average of $54.77 and a two-hundred day moving average of $49.59. The firm has a market cap of $12.49 billion, a PE ratio of 42.46, a price-to-earnings-growth ratio of 2.27 and a beta of 0.90.

Docusign (NASDAQ:DOCU) last announced its earnings results on Thursday, June 4th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. Docusign had a return on equity of 17.48% and a net margin of 9.59%.The company had revenue of $830.24 million for the quarter, compared to analyst estimates of $824.71 million. During the same quarter in the previous year, the company earned $0.90 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Docusign Inc. will post 2.05 EPS 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.