13,486 Shares in Docusign Inc. $DOCU Acquired by Caprock Group LLC

Caprock Group LLC acquired a new position in Docusign Inc. (NASDAQ:DOCU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,486 shares of the company’s stock, valued at approximately $1,034,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nordea Investment Management AB lifted its stake in shares of Docusign by 3.6% in the 3rd quarter. Nordea Investment Management AB now owns 1,154,824 shares of the company’s stock valued at $87,316,000 after purchasing an additional 40,432 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Docusign by 927.2% during the second quarter. Baird Financial Group Inc. now owns 124,145 shares of the company’s stock valued at $9,670,000 after buying an additional 112,059 shares during the period. Rakuten Investment Management Inc. bought a new position in shares of Docusign during the third quarter valued at approximately $5,335,000. Vise Technologies Inc. purchased a new stake in shares of Docusign in the second quarter worth approximately $436,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Docusign by 3.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,594,884 shares of the company’s stock worth $114,975,000 after acquiring an additional 47,331 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada reduced their target price on shares of Docusign from $95.00 to $70.00 and set a “sector perform” rating on the stock in a research report on Monday, January 5th. Zacks Research cut shares of Docusign from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. BTIG Research assumed coverage on shares of Docusign in a research note 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 research note on Friday, December 5th. Finally, Cantor Fitzgerald reaffirmed an “outperform” rating on shares of Docusign in a research report on Wednesday, December 17th. Six research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $84.00.

Docusign Stock Performance

NASDAQ DOCU opened at $44.82 on Monday. Docusign Inc. has a fifty-two week low of $41.53 and a fifty-two week high of $94.67. The firm has a market capitalization of $8.98 billion, a P/E ratio of 31.34, a PEG ratio of 1.96 and a beta of 1.01. The stock has a 50-day simple moving average of $61.01 and a two-hundred day simple moving average of $68.55.

Insider Buying and Selling

In other Docusign news, CRO Paula Hansen sold 6,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $67.05, for a total value of $402,300.00. Following the completion of the sale, the executive owned 68,970 shares of the company’s stock, valued at approximately $4,624,438.50. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Chatwani sold 13,818 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $68.33, for a total value of $944,183.94. Following the completion of the transaction, the insider owned 70,197 shares of the company’s stock, valued at approximately $4,796,561.01. This represents a 16.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 78,292 shares of company stock worth $5,374,260 in the last 90 days. Corporate insiders own 1.66% of the company’s stock.

Docusign 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.