Blair William & Co. IL Has $19.73 Million Stock Holdings in Docusign Inc. $DOCU

Blair William & Co. IL trimmed its position in shares of Docusign Inc. (NASDAQ:DOCU) by 30.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,740 shares of the company’s stock after selling 119,594 shares during the period. Blair William & Co. IL’s holdings in Docusign were worth $19,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in Docusign by 36.4% in the 1st quarter. NewEdge Advisors LLC now owns 9,202 shares of the company’s stock worth $749,000 after purchasing an additional 2,457 shares during the last quarter. Atria Investments Inc raised its stake in shares of Docusign by 5.6% during the 2nd quarter. Atria Investments Inc now owns 8,455 shares of the company’s stock worth $659,000 after purchasing an additional 449 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Docusign by 5.7% during the 2nd quarter. Moors & Cabot Inc. now owns 2,780 shares of the company’s stock valued at $217,000 after buying an additional 150 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Docusign by 48.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 590 shares of the company’s stock valued at $46,000 after buying an additional 193 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its stake in shares of Docusign by 3.4% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 66,958 shares of the company’s stock valued at $5,203,000 after buying an additional 2,232 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Zacks Research downgraded Docusign from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Evercore reduced their target price on shares of Docusign from $92.00 to $80.00 and set an “in-line” rating for the company in a research note on Friday, December 5th. Jefferies Financial Group downgraded shares of Docusign from a “buy” rating to a “hold” rating and decreased their target price for the stock from $105.00 to $45.00 in a research report on Monday, February 23rd. Piper Sandler cut their price target on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a report on Wednesday, December 17th. Five investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Docusign has an average rating of “Hold” and a consensus price target of $78.80.

Docusign Stock Up 1.0%

NASDAQ:DOCU opened at $48.69 on Monday. The firm has a market cap of $9.75 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. Docusign Inc. has a 12 month low of $40.16 and a 12 month high of $94.67. The company’s 50-day moving average price is $53.84 and its two-hundred day moving average price is $65.77.

Insiders Place Their Bets

In other news, CEO Allan C. Thygesen sold 26,250 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $69.60, for a total transaction of $1,827,000.00. Following the transaction, the chief executive officer directly owned 142,261 shares in the company, valued at approximately $9,901,365.60. This represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Chatwani sold 13,818 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $68.33, for a total transaction of $944,183.94. Following the sale, the insider directly owned 70,197 shares in the company, valued at $4,796,561.01. This trade represents a 16.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 77,476 shares of company stock worth $5,302,678 over the last ninety days. 1.01% of the stock is owned by insiders.

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.