Swedbank AB Sells 32,200 Shares of Docusign Inc. $DOCU

Swedbank AB trimmed its stake in Docusign Inc. (NASDAQ:DOCU) by 19.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,359 shares of the company’s stock after selling 32,200 shares during the quarter. Swedbank AB owned about 0.07% of Docusign worth $9,470,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DOCU. Optas LLC grew its stake in shares of Docusign by 5.8% in the 3rd quarter. Optas LLC now owns 5,600 shares of the company’s stock valued at $404,000 after buying an additional 306 shares during the period. Silver Lake Advisory LLC raised its stake in Docusign by 1.0% during the 3rd quarter. Silver Lake Advisory LLC now owns 41,602 shares of the company’s stock worth $2,999,000 after buying an additional 420 shares during the period. Farther Finance Advisors LLC boosted its holdings in Docusign by 10.2% in the third quarter. Farther Finance Advisors LLC now owns 8,916 shares of the company’s stock worth $643,000 after acquiring an additional 827 shares in the last quarter. J2 Capital Management Inc grew its stake in Docusign by 12.2% in the third quarter. J2 Capital Management Inc now owns 6,990 shares of the company’s stock valued at $504,000 after acquiring an additional 758 shares during the period. Finally, Brighton Jones LLC increased its holdings in shares of Docusign by 6.8% during the third quarter. Brighton Jones LLC now owns 8,099 shares of the company’s stock valued at $584,000 after acquiring an additional 515 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Docusign Price Performance

Shares of DOCU stock opened at $69.97 on Friday. The firm has a 50-day moving average of $69.12 and a 200-day moving average of $73.44. Docusign Inc. has a one year low of $63.41 and a one year high of $99.30. The company has a market cap of $14.01 billion, a P/E ratio of 48.93, a P/E/G ratio of 3.51 and a beta of 0.98.

Insider Transactions at Docusign

In other news, insider Robert Chatwani sold 13,818 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $68.33, for a total value of $944,183.94. Following the transaction, the insider owned 70,197 shares in the company, valued at $4,796,561.01. The trade was a 16.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Teresa Briggs sold 365 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $69.19, for a total value of $25,254.35. Following the completion of the transaction, the director directly owned 8,805 shares of the company’s stock, valued at approximately $609,217.95. This represents a 3.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 87,542 shares of company stock worth $6,097,905. Company insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a report on Wednesday, December 17th. BTIG Research began coverage on shares of Docusign in a report on Tuesday, December 16th. They set a “buy” rating and a $88.00 price objective on the stock. Piper Sandler reduced their price objective on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Zacks Research downgraded shares of Docusign from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Citigroup upped their target price on shares of Docusign from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Six investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.80.

Docusign Company 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.