Robeco Institutional Asset Management B.V. Has $35.18 Million Position in Docusign Inc. $DOCU

Key Points

• Robeco Institutional Asset Management boosted its stake in DocuSign by 139.9% in Q4, adding 299,934 shares to hold 514,279 shares worth $35.18 million (about 0.26% of the company).
• DocuSign's board authorized a $2.00 billion share repurchase program that could buy back up to 21% of outstanding shares, a sign management views the stock as potentially undervalued.
• In its most recent quarter DocuSign beat expectations with $1.01 EPS versus $0.95 expected and reported revenue of $836.9 million, up 7.8% year‑over‑year.

Robeco Institutional Asset Management B.V. increased its holdings in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 139.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 514,279 shares of the company's stock after acquiring an additional 299,934 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.26% of Docusign worth $35,177,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Centaurus Financial Inc. grew its holdings in Docusign by 2.6% in the 2nd quarter. Centaurus Financial Inc. now owns 5,398 shares of the company's stock valued at $420,000 after buying an additional 136 shares in the last quarter. Mitchell & Pahl Private Wealth LLC grew its holdings in Docusign by 0.7% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 21,422 shares of the company's stock valued at $1,544,000 after buying an additional 149 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Docusign by 15.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,229 shares of the company's stock valued at $89,000 after buying an additional 161 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Docusign by 8.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,169 shares of the company's stock valued at $166,000 after buying an additional 165 shares in the last quarter. Finally, Americana Partners LLC grew its holdings in Docusign by 3.3% in the 3rd quarter. Americana Partners LLC now owns 5,467 shares of the company's stock valued at $394,000 after buying an additional 176 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Docusign Stock Performance

NASDAQ:DOCU opened at $45.44 on Tuesday. The stock has a fifty day moving average price of $46.35 and a 200-day moving average price of $59.93. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 1.64 and a beta of 0.99. Docusign Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $94.67.

Docusign (NASDAQ:DOCU - Get Free Report) last released its earnings results on Tuesday, March 17th. The company reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.06. The firm had revenue of $836.86 million during the quarter, compared to the consensus estimate of $828.23 million. Docusign had a return on equity of 16.86% and a net margin of 9.60%.The company's revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. Research analysts predict that Docusign Inc. will post 1.17 EPS for the current fiscal year.

Docusign announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 17th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to purchase up to 21% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, insider Robert Chatwani sold 16,696 shares of the company's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $48.10, for a total transaction of $803,077.60. Following the completion of the sale, the insider directly owned 72,458 shares in the company, valued at approximately $3,485,229.80. This represents a 18.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Paula Hansen sold 6,000 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $46.84, for a total value of $281,040.00. Following the sale, the executive owned 79,233 shares of the company's stock, valued at approximately $3,711,273.72. The trade was a 7.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 64,673 shares of company stock worth $3,077,699. 1.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BTIG Research reaffirmed a "buy" rating and issued a $70.00 price objective on shares of Docusign in a report on Wednesday, March 18th. Morgan Stanley decreased their price objective on Docusign from $90.00 to $69.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 18th. Citizens Jmp decreased their price objective on Docusign from $124.00 to $86.00 and set a "market outperform" rating on the stock in a report on Wednesday, March 18th. Citigroup lowered Docusign from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $99.00 to $50.00 in a report on Friday. Finally, UBS Group decreased their price objective on Docusign from $75.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $61.40.

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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