Fjarde AP Fonden Fourth Swedish National Pension Fund Has $171,000 Stake in Docusign Inc. $DOCU

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Docusign Inc. (NASDAQ:DOCU) by 93.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,614 shares of the company’s stock after selling 56,086 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Docusign were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in Docusign in the 4th quarter valued at $25,000. Modus Advisors LLC bought a new position in Docusign during the 4th quarter worth $27,000. Torren Management LLC acquired a new stake in shares of Docusign during the fourth quarter worth $28,000. Aventura Private Wealth LLC acquired a new stake in shares of Docusign during the fourth quarter worth $30,000. Finally, True Wealth Design LLC boosted its position in shares of Docusign by 105.2% in the fourth quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $30,000 after acquiring an additional 222 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DOCU has been the topic of several research reports. Piper Sandler decreased their price target on shares of Docusign from $75.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Citigroup lifted their price objective on shares of Docusign from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, June 5th. BTIG Research cut their price objective on shares of Docusign from $70.00 to $60.00 and set a “buy” rating for the company in a report on Friday, June 5th. Bank of America assumed coverage on shares of Docusign in a research report on Tuesday, March 31st. They set an “underperform” rating and a $52.00 target price on the stock. Finally, Jefferies Financial Group raised their target price on shares of Docusign from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $60.27.

Docusign Stock Performance

Shares of NASDAQ DOCU opened at $46.90 on Tuesday. Docusign Inc. has a 52 week low of $40.16 and a 52 week high of $86.65. The stock has a market capitalization of $8.96 billion, a P/E ratio of 30.45, a PEG ratio of 1.35 and a beta of 0.90. The stock’s fifty day moving average is $46.89 and its 200 day moving average is $50.63.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, June 4th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.10. The business had revenue of $830.24 million during the quarter, compared to analysts’ expectations of $824.71 million. Docusign had a net margin of 9.59% and a return on equity of 17.48%. Docusign’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 earnings per share. Equities research analysts forecast that Docusign Inc. will post 2.03 earnings per share for the current year.

Docusign announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 17th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to purchase up to 21% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider James P. Shaughnessy sold 12,000 shares of Docusign stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total value of $546,480.00. Following the transaction, the insider directly owned 52,815 shares of the company’s stock, valued at $2,405,195.10. This trade represents a 18.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Blake Jeffrey Grayson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $45.55, for a total transaction of $683,250.00. Following the transaction, the chief financial officer owned 141,429 shares of the company’s stock, valued at approximately $6,442,090.95. This represents a 9.59% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 76,695 shares of company stock worth $3,476,002. 0.59% of the stock is owned by company 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.