Deutsche Bank AG Takes Position in Docusign Inc. $DOCU

Key Points

• Deutsche Bank initiated a position in DocuSign, purchasing 208,285 shares worth approximately $9.25 million, representing about 0.11% of the company. Institutional investors collectively own 77.64% of DocuSign.
• Analyst sentiment remains mixed but leans neutral: four analysts rate the stock Buy, 14 rate it Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $60.27.
• DocuSign exceeded quarterly expectations, reporting $1.09 in earnings per share versus the $0.99 estimate and revenue of $830.24 million, up 8.7% year over year. The stock opened at $62, compared with a 12-month range of $40.16 to $86.65.

Deutsche Bank AG purchased a new stake in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 208,285 shares of the company's stock, valued at approximately $9,252,000. Deutsche Bank AG owned about 0.11% of Docusign at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Modus Advisors LLC bought a new position in Docusign during the fourth quarter valued at approximately $27,000. Torren Management LLC acquired a new stake in Docusign in the fourth quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC grew its position in Docusign by 309.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company's stock worth $38,000 after acquiring an additional 424 shares in the last quarter. Basepoint Wealth LLC bought a new stake in Docusign in the fourth quarter worth approximately $39,000. Finally, WealthCollab LLC increased its stake in shares of Docusign by 372.4% during the 1st quarter. WealthCollab LLC now owns 855 shares of the company's stock worth $41,000 after purchasing an additional 674 shares during the last quarter. Institutional investors own 77.64% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Citigroup restated a "market outperform" rating on shares of Docusign in a report on Tuesday, August 18th. Wall Street Zen cut shares of Docusign from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 2nd. Citizens Jmp reissued a "market outperform" rating and set a $86.00 target price on shares of Docusign in a research report on Tuesday, August 18th. Wells Fargo & Company cut their target price on Docusign from $60.00 to $55.00 and set an "equal weight" rating on the stock in a report on Friday, June 5th. Finally, Weiss Ratings raised Docusign from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Docusign presently has a consensus rating of "Hold" and an average target price of $60.27.

Docusign Price Performance

Shares of DOCU stock opened at $62.00 on Monday. Docusign Inc. has a 12 month low of $40.16 and a 12 month high of $86.65. The business's 50 day moving average is $51.59 and its two-hundred day moving average is $48.62. The company has a market cap of $11.84 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 1.81 and a beta of 0.87.

Docusign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings results on Thursday, June 4th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.10. Docusign had a net margin of 9.59% and a return on equity of 17.48%. The company had revenue of $830.24 million for the quarter, compared to analyst estimates of $824.71 million. During the same quarter last year, the firm posted $0.90 earnings per share. The company's quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts expect that Docusign Inc. will post 2.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other Docusign news, insider James P. Shaughnessy sold 12,000 shares of the business's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total transaction of $546,480.00. Following the completion of the transaction, the insider owned 52,815 shares of the company's stock, valued at $2,405,195.10. The trade was a 18.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Allan C. Thygesen sold 26,250 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $46.02, for a total transaction of $1,208,025.00. Following the sale, the chief executive officer owned 159,038 shares of the company's stock, valued at $7,318,928.76. This trade represents a 14.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 91,695 shares of company stock worth $4,376,002 in the last ninety days. 0.59% of the stock is owned by insiders.

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.

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