Docusign Inc. $DOCU Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its DocuSign stake by 7.9% in the first quarter, adding 80,442 shares to own 1.1 million shares valued at approximately $52.2 million. Institutional investors collectively hold 77.64% of the company.
• DocuSign insiders sold 76,695 shares worth about $3.48 million over the past 90 days, including sales by the CFO and CRO under pre-arranged Rule 10b5-1 trading plans.
• DocuSign recently beat quarterly estimates with $1.09 in EPS and $830.24 million in revenue, up 8.7% year over year. Despite the earnings beat, analysts maintain a consensus “Hold” rating with a $60.27 average price target.

Dimensional Fund Advisors LP raised its stake in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 7.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,100,891 shares of the company's stock after buying an additional 80,442 shares during the period. Dimensional Fund Advisors LP owned about 0.57% of Docusign worth $52,177,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp boosted its stake in shares of Docusign by 0.9% in the fourth quarter. State Street Corp now owns 8,193,805 shares of the company's stock worth $560,456,000 after buying an additional 77,008 shares during the last quarter. Capital World Investors raised its position in Docusign by 38.1% during 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 in the last quarter. Geode Capital Management LLC lifted its holdings 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Docusign by 46.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,001,132 shares of the company's stock valued at $205,277,000 after acquiring an additional 946,512 shares during the period. Institutional investors and hedge funds own 77.64% of the company's stock.

Insider Transactions at Docusign

In related news, CFO Blake Jeffrey Grayson sold 15,000 shares of the business's stock in a transaction on Wednesday, July 1st. The shares were 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 owned 141,429 shares of the company's stock, valued at approximately $6,442,090.95. The trade was a 9.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paula Hansen sold 6,000 shares of the company's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total transaction of $273,240.00. Following the transaction, the executive owned 89,972 shares of the company's stock, valued at $4,097,324.88. This represents a 6.25% 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 have sold 76,695 shares of company stock worth $3,476,002 in the last ninety days. Company insiders own 0.59% of the company's stock.

Docusign Stock Performance

Shares of DOCU opened at $54.83 on Monday. Docusign Inc. has a 12 month low of $40.16 and a 12 month high of $86.65. The stock's 50 day moving average is $48.42 and its two-hundred day moving average is $48.32. The firm has a market cap of $10.47 billion, a P/E ratio of 35.60, a PEG ratio of 1.62 and a beta of 0.90.

Docusign (NASDAQ:DOCU - Get Free Report) last posted its quarterly earnings data on Thursday, June 4th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.10. The business had revenue of $830.24 million during the quarter, compared to analysts' expectations 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 in the previous year, the business earned $0.90 earnings per share. Equities research analysts forecast that Docusign Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Docusign from $60.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Friday, June 5th. Wedbush decreased their target price on shares of Docusign from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, June 5th. Jefferies Financial Group increased their price target on shares of Docusign from $45.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, June 5th. Needham & Company LLC restated a "hold" rating on shares of Docusign in a research report on Friday, June 5th. Finally, 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 report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $60.27.

About Docusign

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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