DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its position in DocuSign, Inc. (NASDAQ:DOCU) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,344,290 shares of the company’s stock after selling 175,679 shares during the period. Pacer Advisors Inc. owned about 1.65% of DocuSign worth $207,647,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DOCU. American Century Companies Inc. increased its position in DocuSign by 1.9% during the second quarter. American Century Companies Inc. now owns 4,099,400 shares of the company’s stock worth $219,318,000 after acquiring an additional 75,026 shares during the period. Renaissance Technologies LLC raised its holdings in shares of DocuSign by 18.3% in the second quarter. Renaissance Technologies LLC now owns 3,729,314 shares of the company’s stock valued at $199,518,000 after purchasing an additional 576,414 shares during the last quarter. Jericho Capital Asset Management L.P. grew its stake in shares of DocuSign by 316.6% in the first quarter. Jericho Capital Asset Management L.P. now owns 3,417,908 shares of the company’s stock valued at $203,536,000 after buying an additional 2,597,489 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of DocuSign by 4.1% in the second quarter. Clearbridge Investments LLC now owns 2,920,842 shares of the company’s stock valued at $156,265,000 after buying an additional 115,616 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in DocuSign by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 2,277,312 shares of the company’s stock worth $141,398,000 after purchasing an additional 112,919 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Blake Jeffrey Grayson sold 9,552 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $68.80, for a total transaction of $657,177.60. Following the completion of the transaction, the chief financial officer now directly owns 78,265 shares of the company’s stock, valued at approximately $5,384,632. This represents a 10.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Allan C. Thygesen sold 7,725 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $59.09, for a total value of $456,470.25. Following the transaction, the chief executive officer now directly owns 102,193 shares of the company’s stock, valued at approximately $6,038,584.37. The trade was a 7.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,558 shares of company stock worth $4,272,768 over the last quarter. 1.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Bank of America boosted their price target on DocuSign from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Royal Bank of Canada upped their target price on DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Friday, September 6th. Robert W. Baird increased their price target on DocuSign from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. JMP Securities reaffirmed a “market outperform” rating and set a $84.00 target price on shares of DocuSign in a research report on Thursday, September 5th. Finally, Wells Fargo & Company increased their price target on DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.40.

DocuSign Trading Down 0.9 %

DocuSign stock opened at $78.81 on Thursday. The business’s fifty day simple moving average is $68.47 and its two-hundred day simple moving average is $59.93. DocuSign, Inc. has a 12 month low of $42.12 and a 12 month high of $83.68. The company has a market capitalization of $16.00 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 8.41 and a beta of 0.90.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.17. The firm had revenue of $736.03 million during the quarter, compared to analysts’ expectations of $727.20 million. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, equities research analysts predict that DocuSign, Inc. will post 1.01 EPS for the current year.

DocuSign Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.