Bank of New York Mellon Corp Has $114.98 Million Stake in Docusign Inc. $DOCU

Bank of New York Mellon Corp grew its position in shares of Docusign Inc. (NASDAQ:DOCU) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,594,884 shares of the company’s stock after buying an additional 47,331 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.79% of Docusign worth $114,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Docusign by 3.0% in the second quarter. State Street Corp now owns 8,074,976 shares of the company’s stock worth $628,960,000 after acquiring an additional 236,494 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Docusign by 1.6% during the second quarter. American Century Companies Inc. now owns 5,564,318 shares of the company’s stock worth $433,405,000 after purchasing an additional 86,560 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Docusign by 1.5% during the second quarter. Geode Capital Management LLC now owns 3,985,808 shares of the company’s stock worth $309,910,000 after acquiring an additional 59,941 shares in the last quarter. Norges Bank bought a new position in shares of Docusign during the 2nd quarter valued at about $140,987,000. Finally, Legal & General Group Plc lifted its stake in Docusign by 16.5% in the second quarter. Legal & General Group Plc now owns 1,525,729 shares of the company’s stock valued at $118,839,000 after buying an additional 215,580 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Bank of America dropped their price target on Docusign from $102.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Docusign in a research report on Wednesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Docusign in a research note on Wednesday, December 17th. JPMorgan Chase & Co. lowered their price objective on shares of Docusign from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Finally, Robert W. Baird cut their price objective on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Six analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Docusign presently has an average rating of “Hold” and an average target price of $85.13.

Insider Transactions at Docusign

In other news, CFO Blake Jeffrey Grayson sold 6,500 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $70.00, for a total value of $455,000.00. Following the completion of the sale, the chief financial officer directly owned 111,713 shares of the company’s stock, valued at $7,819,910. This trade represents a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider James P. Shaughnessy sold 12,000 shares of Docusign stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $67.03, for a total value of $804,360.00. Following the transaction, the insider owned 54,550 shares of the company’s stock, valued at $3,656,486.50. This represents a 18.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 78,292 shares of company stock valued at $5,374,260. Company insiders own 1.66% of the company’s stock.

Docusign Stock Performance

Shares of DOCU stock opened at $52.54 on Monday. Docusign Inc. has a 52-week low of $51.90 and a 52-week high of $99.30. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 2.58 and a beta of 1.01. The firm’s 50-day moving average is $65.41 and its 200-day moving average is $70.89.

Docusign Company 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.