Teacher Retirement System of Texas Has $9.22 Million Stock Holdings in Docusign Inc. $DOCU

Teacher Retirement System of Texas reduced its position in shares of Docusign Inc. (NASDAQ:DOCU) by 42.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,829 shares of the company’s stock after selling 94,380 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of Docusign worth $9,215,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Docusign during the 2nd quarter worth $140,987,000. Third Point LLC bought a new position in Docusign in the second quarter valued at about $48,681,000. Jupiter Asset Management Ltd. raised its stake in Docusign by 88.3% during the second quarter. Jupiter Asset Management Ltd. now owns 1,316,440 shares of the company’s stock worth $102,538,000 after acquiring an additional 617,200 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Docusign by 132.8% in the second quarter. Alliancebernstein L.P. now owns 868,531 shares of the company’s stock worth $67,650,000 after acquiring an additional 495,380 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Docusign in the 2nd quarter valued at approximately $32,294,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analysts Set New Price Targets

DOCU has been the subject of a number of research analyst reports. BTIG Research started coverage on shares of Docusign in a research report on Tuesday, December 16th. They set a “buy” rating and a $88.00 price objective for the company. Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a report on Wednesday, December 17th. Piper Sandler dropped their price target on Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. UBS Group lowered their target price on Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Royal Bank Of Canada dropped their target price on Docusign from $95.00 to $70.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. Six equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Docusign has a consensus rating of “Hold” and a consensus price target of $85.13.

Docusign Trading Down 0.1%

NASDAQ DOCU opened at $57.44 on Monday. The firm has a market capitalization of $11.50 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. The business’s 50-day moving average price is $66.39 and its two-hundred day moving average price is $71.62. Docusign Inc. has a 12 month low of $55.46 and a 12 month high of $99.30.

Insider Buying and Selling at Docusign

In other Docusign news, CRO Paula Hansen sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $67.05, for a total transaction of $402,300.00. Following the completion of the transaction, the executive owned 68,970 shares in the company, valued at approximately $4,624,438.50. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James P. Shaughnessy sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $67.03, for a total transaction of $804,360.00. Following the completion of the transaction, the insider owned 54,550 shares in the company, valued at $3,656,486.50. This trade represents a 18.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 78,292 shares of company stock worth $5,374,260. Company insiders own 1.66% of the company’s stock.

About Docusign

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.