BI Asset Management Fondsmaeglerselskab A S Has $591,000 Holdings in Docusign Inc. $DOCU

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Docusign Inc. (NASDAQ:DOCU) by 58.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,465 shares of the company’s stock after selling 17,196 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Docusign were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB grew its holdings in Docusign by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 1,198,634 shares of the company’s stock worth $82,502,000 after acquiring an additional 43,810 shares during the last quarter. Step Capital Management Pte. Ltd. acquired a new stake in Docusign in the 4th quarter valued at about $2,052,000. Retirement Systems of Alabama raised its stake in shares of Docusign by 4.9% in the fourth quarter. Retirement Systems of Alabama now owns 544,473 shares of the company’s stock worth $37,242,000 after acquiring an additional 25,367 shares during the last quarter. South Dakota Investment Council raised its stake in shares of Docusign by 140.6% in the third quarter. South Dakota Investment Council now owns 53,373 shares of the company’s stock worth $3,848,000 after acquiring an additional 31,192 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Docusign during the third quarter worth approximately $17,614,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Buying and Selling

In related news, Director Mary Agnes Wilderotter sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $48.15, for a total transaction of $144,450.00. Following the completion of the transaction, the director owned 59,803 shares in the company, valued at approximately $2,879,514.45. The trade was a 4.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Paula Hansen sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $46.84, for a total transaction of $281,040.00. Following the completion of the sale, the executive directly owned 79,233 shares of the company’s stock, valued at $3,711,273.72. The trade was a 7.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 64,695 shares of company stock worth $3,006,682 over the last quarter. Insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DOCU shares. Weiss Ratings raised shares of Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. dropped their target price on Docusign from $78.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Wedbush cut their price target on Docusign from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Citigroup raised their price target on Docusign from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, June 5th. Finally, Royal Bank Of Canada lowered their price objective on Docusign from $70.00 to $55.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 18th. Three investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Docusign presently has a consensus rating of “Hold” and a consensus price target of $60.27.

Docusign Stock Down 4.0%

NASDAQ:DOCU opened at $42.46 on Friday. Docusign Inc. has a 12-month low of $40.16 and a 12-month high of $86.65. The firm has a market capitalization of $8.11 billion, a P/E ratio of 27.57, a P/E/G ratio of 1.34 and a beta of 0.92. The stock’s fifty day simple moving average is $47.04 and its 200-day simple moving average is $51.77.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, June 4th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Docusign had a return on equity of 17.48% and a net margin of 9.59%.The business had revenue of $830.24 million during the quarter, compared to analysts’ expectations of $824.71 million. During the same period in the previous year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts expect that Docusign Inc. will post 1.97 earnings per share for the current year.

Docusign declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 17th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to buy up to 21% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

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.