Capital International Investors Has $162.89 Million Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

Capital International Investors increased its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,735,406 shares of the company’s stock after buying an additional 1,946 shares during the period. Capital International Investors owned 1.33% of DocuSign worth $162,893,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. New York State Teachers Retirement System lifted its position in DocuSign by 0.9% during the 4th quarter. New York State Teachers Retirement System now owns 18,282 shares of the company’s stock worth $1,087,000 after buying an additional 163 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in DocuSign by 2.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,975 shares of the company’s stock valued at $415,000 after purchasing an additional 184 shares during the period. Whittier Trust Co. lifted its position in DocuSign by 28.8% during the 4th quarter. Whittier Trust Co. now owns 935 shares of the company’s stock valued at $56,000 after purchasing an additional 209 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in DocuSign by 0.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,899 shares of the company’s stock valued at $4,617,000 after purchasing an additional 239 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its position in DocuSign by 2.2% during the 1st quarter. SeaCrest Wealth Management LLC now owns 11,327 shares of the company’s stock valued at $675,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JMP Securities restated a “market outperform” rating and set a $84.00 target price on shares of DocuSign in a research report on Wednesday, July 10th. Royal Bank of Canada cut their target price on shares of DocuSign from $59.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Friday, June 7th. Robert W. Baird cut their target price on shares of DocuSign from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research report on Friday, June 7th. Finally, Citigroup cut their target price on shares of DocuSign from $93.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $59.36.

Insider Buying and Selling

In related news, insider Stephen Shute sold 35,300 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $52.87, for a total transaction of $1,866,311.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Stephen Shute sold 35,300 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $52.87, for a total transaction of $1,866,311.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Allan C. Thygesen sold 7,911 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $53.77, for a total transaction of $425,374.47. Following the transaction, the chief executive officer now directly owns 117,643 shares of the company’s stock, valued at $6,325,664.11. The disclosure for this sale can be found here. In the last three months, insiders sold 117,518 shares of company stock valued at $6,149,670. 1.66% of the stock is owned by corporate insiders.

DocuSign Trading Up 1.5 %

Shares of NASDAQ:DOCU traded up $0.80 during mid-day trading on Friday, reaching $55.90. The stock had a trading volume of 1,008,983 shares, compared to its average volume of 1,813,071. The firm has a 50 day simple moving average of $54.36 and a two-hundred day simple moving average of $56.26. DocuSign, Inc. has a twelve month low of $38.11 and a twelve month high of $64.76. The firm has a market cap of $11.44 billion, a PE ratio of 107.50, a price-to-earnings-growth ratio of 8.57 and a beta of 0.94.

DocuSign (NASDAQ:DOCU) last posted its earnings results on Thursday, June 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. DocuSign had a return on equity of 15.44% and a net margin of 3.81%. The business had revenue of $709.64 million during the quarter, compared to analysts’ expectations of $706.07 million. On average, equities analysts anticipate that DocuSign, Inc. will post 0.88 EPS for the current fiscal year.

DocuSign Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.