Docusign Inc. $DOCU Shares Acquired by Glenmede Trust Co. NA

by · The Markets Daily

Glenmede Trust Co. NA grew its stake in Docusign Inc. (NASDAQ:DOCU – Free Report) by 11.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 512,593 shares of the company’s stock after purchasing an additional 50,855 shares during the period. Glenmede Trust Co. NA’s holdings in Docusign were worth $24,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Modus Advisors LLC purchased a new position in Docusign during the fourth quarter worth approximately $27,000. Torren Management LLC purchased a new stake in Docusign in the 4th quarter valued at $28,000. Cary Street Partners Investment Advisory LLC grew its holdings in Docusign by 309.5% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company’s stock valued at $38,000 after buying an additional 424 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in Docusign in the 4th quarter valued at $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Docusign in the 4th quarter worth $44,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DOCU. BTIG Research reduced their price target on Docusign from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, June 5th. UBS Group set a $60.00 price objective on shares of Docusign in a report on Friday, June 5th. Jefferies Financial Group raised their price objective on shares of Docusign from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, June 5th. Wall Street Zen downgraded shares of Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Wedbush decreased their target price on shares of Docusign from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.27.

Check Out Our Latest Stock Report on Docusign

Insider Transactions at Docusign

In other Docusign news, insider James P. Shaughnessy sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total value of $546,480.00. Following the completion of the transaction, the insider owned 52,815 shares of the company’s stock, valued at $2,405,195.10. This trade represents a 18.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 business’s stock in a transaction 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 completion of the transaction, the insider owned 72,805 shares of the company’s stock, valued at approximately $3,131,343.05. This trade represents a 17.93% 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 ninety days, insiders have sold 76,695 shares of company stock valued at $3,476,002. 0.59% of the stock is owned by corporate insiders.

Docusign Price Performance

NASDAQ DOCU opened at $54.83 on Friday. The company has a market cap of $10.47 billion, a P/E ratio of 35.60, a P/E/G ratio of 1.62 and a beta of 0.90. The stock has a 50-day moving average of $48.42 and a two-hundred day moving average of $48.46. Docusign Inc. has a 1-year low of $40.16 and a 1-year high of $86.65.

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

Docusign Profile

(Free Report)

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.

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