Chicago Partners Investment Group LLC Buys 14,268 Shares of Docusign Inc. $DOCU

Chicago Partners Investment Group LLC lifted its stake in shares of Docusign Inc. (NASDAQ:DOCU) by 191.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,731 shares of the company’s stock after buying an additional 14,268 shares during the period. Chicago Partners Investment Group LLC’s holdings in Docusign were worth $1,033,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings 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 in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Docusign by 6.7% during the second quarter. Guggenheim Capital LLC now owns 11,543 shares of the company’s stock valued at $899,000 after purchasing an additional 729 shares in the last quarter. State Street Corp grew its holdings in shares of Docusign by 3.0% during the second quarter. State Street Corp now owns 8,074,976 shares of the company’s stock worth $628,960,000 after purchasing an additional 236,494 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Docusign by 60.7% during the second quarter. Sei Investments Co. now owns 40,386 shares of the company’s stock worth $3,146,000 after purchasing an additional 15,247 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Docusign by 51.0% in the second quarter. Treasurer of the State of North Carolina now owns 189,178 shares of the company’s stock valued at $14,735,000 after buying an additional 63,911 shares during the period. 77.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citizens Jmp dropped their price objective on shares of Docusign from $124.00 to $86.00 and set a “market outperform” rating for the company in a report on Wednesday, March 18th. Weiss Ratings raised shares of Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. UBS Group set a $60.00 price target on shares of Docusign in a research report on Friday, June 5th. Citigroup raised their price target on shares of Docusign from $50.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Docusign from $78.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Docusign has an average rating of “Hold” and a consensus target price of $60.27.

Insider Buying and Selling at Docusign

In other Docusign news, CFO Blake Jeffrey Grayson sold 15,000 shares of Docusign stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $45.55, for a total value of $683,250.00. Following the completion of the sale, the chief financial officer directly owned 141,429 shares in the company, valued at approximately $6,442,090.95. The trade was a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Allan C. Thygesen sold 26,250 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $46.02, for a total value of $1,208,025.00. Following the completion of the transaction, the chief executive officer directly owned 159,038 shares in the company, valued at approximately $7,318,928.76. This trade represents a 14.17% 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. Insiders have sold a total of 76,695 shares of company stock valued at $3,476,002 over the last ninety days. Insiders own 0.59% of the company’s stock.

Docusign Stock Up 3.6%

DOCU stock opened at $51.16 on Thursday. The firm has a market cap of $9.77 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 1.46 and a beta of 0.90. The company’s fifty day simple moving average is $47.24 and its 200 day simple moving average is $49.62. Docusign Inc. has a 12-month low of $40.16 and a 12-month high of $86.65.

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

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.