DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 47.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,062 shares of the company’s stock after selling 8,249 shares during the period. SG Americas Securities LLC’s holdings in DocuSign were worth $563,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Massmutual Trust Co. FSB ADV lifted its holdings in shares of DocuSign by 5,000.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Mather Group LLC. lifted its stake in DocuSign by 4,338.5% during the second quarter. Mather Group LLC. now owns 577 shares of the company’s stock valued at $31,000 after buying an additional 564 shares in the last quarter. Register Financial Advisors LLC acquired a new position in shares of DocuSign in the first quarter worth about $37,000. nVerses Capital LLC purchased a new position in shares of DocuSign in the second quarter worth approximately $48,000. Finally, Quarry LP purchased a new position in shares of DocuSign in the second quarter worth approximately $53,000. 77.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DOCU has been the subject of a number of recent analyst reports. Citigroup raised their price objective on shares of DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $84.00 target price on shares of DocuSign in a research report on Thursday, September 5th. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research report on Friday, September 6th. Royal Bank of Canada raised their price objective on DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Friday, September 6th. Finally, Robert W. Baird lifted their target price on DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.40.

Insider Buying and Selling

In other DocuSign news, Director Teresa Briggs sold 534 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $56.56, for a total transaction of $30,203.04. Following the transaction, the director now directly owns 7,202 shares in the company, valued at $407,345.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Teresa Briggs sold 534 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $56.56, for a total transaction of $30,203.04. Following the transaction, the director now owns 7,202 shares of the company’s stock, valued at approximately $407,345.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James P. Shaughnessy sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $67.83, for a total value of $508,725.00. Following the completion of the sale, the insider now owns 43,301 shares of the company’s stock, valued at approximately $2,937,106.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 418,002 shares of company stock worth $22,471,973. Corporate insiders own 1.66% of the company’s stock.

DocuSign Price Performance

Shares of DocuSign stock opened at $70.04 on Wednesday. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 134.69, a P/E/G ratio of 7.33 and a beta of 0.92. The stock has a 50-day simple moving average of $59.07 and a 200-day simple moving average of $56.96. DocuSign, Inc. has a 52-week low of $38.11 and a 52-week high of $70.19.

DocuSign (NASDAQ:DOCU) last posted its earnings results on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.17. The firm had revenue of $736.03 million during the quarter, compared to analysts’ expectations of $727.20 million. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. As a group, equities research analysts predict that DocuSign, Inc. will post 1.01 earnings per share for the current year.

About DocuSign

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.