WINTON GROUP Ltd Sells 48,220 Shares of Docusign Inc. $DOCU

WINTON GROUP Ltd cut its holdings in shares of Docusign Inc. (NASDAQ:DOCU) by 70.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,964 shares of the company’s stock after selling 48,220 shares during the quarter. WINTON GROUP Ltd’s holdings in Docusign were worth $1,439,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DOCU. Twin Peaks Wealth Advisors LLC acquired a new position in Docusign in the 2nd quarter valued at approximately $43,000. SJS Investment Consulting Inc. lifted its holdings in shares of Docusign by 5,318.2% during the third quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock worth $43,000 after purchasing an additional 585 shares during the period. CX Institutional grew 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 worth $43,000 after purchasing an additional 586 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Docusign by 48.6% in the second quarter. First Horizon Advisors Inc. now owns 590 shares of the company’s stock worth $46,000 after purchasing an additional 193 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Docusign by 66.9% in the third quarter. Bessemer Group Inc. now owns 873 shares of the company’s stock valued at $62,000 after purchasing an additional 350 shares during the period. 77.64% of the stock is owned by institutional investors.

Docusign Trading Down 0.1%

DOCU stock opened at $48.64 on Wednesday. The stock has a 50-day moving average price of $53.01 and a 200-day moving average price of $65.43. Docusign Inc. has a 1-year low of $40.16 and a 1-year high of $94.67. The firm has a market cap of $9.74 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03.

Insider Activity at Docusign

In related news, CRO Paula Hansen sold 6,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,624,438.50. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Allan C. Thygesen sold 26,250 shares of Docusign stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $69.60, for a total value of $1,827,000.00. Following the completion of the sale, the chief executive officer owned 142,261 shares of the company’s stock, valued at approximately $9,901,365.60. The trade was a 15.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 77,476 shares of company stock worth $5,302,678 over the last quarter. 1.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wedbush lowered their target price on Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Piper Sandler reduced their price target on Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Docusign in a research note on Wednesday, January 21st. Bank of America lowered their price objective on Docusign from $102.00 to $82.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, Docusign currently has an average rating of “Hold” and an average price target of $78.80.

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.