KBC Group NV Has $480,000 Stock Holdings in Docusign Inc. $DOCU

KBC Group NV decreased its position in Docusign Inc. (NASDAQ:DOCU) by 65.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,124 shares of the company’s stock after selling 19,370 shares during the quarter. KBC Group NV’s holdings in Docusign were worth $480,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DOCU. Modus Advisors LLC acquired a new position in Docusign in the fourth quarter valued at about $27,000. Torren Management LLC acquired a new stake in shares of Docusign during the fourth quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Docusign by 309.5% during the fourth 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 in the last quarter. Basepoint Wealth LLC bought a new position in shares of Docusign in the fourth quarter valued at approximately $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Docusign in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Docusign Trading Up 7.2%

Shares of DOCU stock opened at $50.44 on Friday. Docusign Inc. has a 1 year low of $40.16 and a 1 year high of $86.65. The firm’s 50 day moving average is $47.83 and its 200-day moving average is $48.89. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 1.49 and a beta of 0.90.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, June 4th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. Docusign had a net margin of 9.59% and a return on equity of 17.48%. The business had revenue of $830.24 million during the quarter, compared to analyst estimates of $824.71 million. During the same quarter last year, the business posted $0.90 earnings per share. Docusign’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that Docusign Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Blake Jeffrey Grayson sold 15,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $45.55, for a total transaction of $683,250.00. Following the transaction, the chief financial officer owned 141,429 shares of the company’s stock, valued at $6,442,090.95. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total value of $273,240.00. Following the completion of the transaction, the executive owned 89,972 shares in the company, valued at approximately $4,097,324.88. This represents a 6.25% decrease in their position. 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 three months, insiders sold 76,695 shares of company stock worth $3,476,002. 0.59% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DOCU. Weiss Ratings raised Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Docusign in a report on Friday, June 5th. Citigroup lifted their price objective on Docusign from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, June 5th. UBS Group set a $60.00 price objective on Docusign in a research note on Friday, June 5th. Finally, Wells Fargo & Company decreased their target price on Docusign from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Docusign presently has a consensus rating of “Hold” and an average price target of $60.27.

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.