13,352 Shares in Docusign Inc. $DOCU Acquired by Fieldview Capital Management LLC

Fieldview Capital Management LLC bought a new position in shares of Docusign Inc. (NASDAQ:DOCU) in the 4th quarter, Holdings Channel reports. The fund bought 13,352 shares of the company’s stock, valued at approximately $913,000.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Docusign by 1.1% during the third quarter. Vanguard Group Inc. now owns 21,625,551 shares of the company’s stock worth $1,558,986,000 after purchasing an additional 225,525 shares during the period. State Street Corp grew its stake in Docusign by 0.9% in the fourth quarter. State Street Corp now owns 8,193,805 shares of the company’s stock valued at $560,456,000 after acquiring an additional 77,008 shares during the period. Capital World Investors grew its stake in Docusign by 38.1% in the fourth quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock valued at $397,801,000 after acquiring an additional 1,603,900 shares during the period. Geode Capital Management LLC grew its stake in Docusign by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 4,084,463 shares of the company’s stock valued at $278,665,000 after acquiring an additional 18,873 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Docusign by 8.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,343,613 shares of the company’s stock valued at $228,703,000 after acquiring an additional 251,639 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DOCU shares. Bank of America started coverage on Docusign in a research note on Tuesday, March 31st. They issued an “underperform” rating and a $52.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a research note on Friday, June 5th. Weiss Ratings raised Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group raised their price objective on Docusign from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Finally, Citizens Jmp reduced their price objective on Docusign from $124.00 to $86.00 and set a “market outperform” rating for the company in a research note on Wednesday, March 18th. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.27.

Insider Transactions at Docusign

In other Docusign news, insider Robert Chatwani sold 16,696 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $48.10, for a total value of $803,077.60. Following the sale, the insider directly owned 72,458 shares in the company, valued at $3,485,229.80. The trade was a 18.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James P. Shaughnessy sold 12,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $46.83, for a total value of $561,960.00. Following the completion of the sale, the insider owned 53,631 shares in the company, valued at approximately $2,511,539.73. The trade was a 18.28% 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. Over the last 90 days, insiders sold 65,489 shares of company stock valued at $3,125,814. 0.59% of the stock is currently owned by insiders.

Docusign Stock Performance

Shares of Docusign stock opened at $45.03 on Monday. The business’s fifty day simple moving average is $47.56 and its 200 day simple moving average is $53.38. The firm has a market capitalization of $8.60 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The business had revenue of $830.24 million for the quarter, compared to analyst estimates of $824.71 million. Docusign had a return on equity of 17.48% and a net margin of 9.59%.Docusign’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $0.90 earnings per share. Analysts predict that Docusign Inc. will post 1.97 EPS for the current fiscal year.

Docusign declared that its Board of Directors has authorized a stock buyback plan on Tuesday, March 17th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 21% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.