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Schroder Investment Management Group Raises Holdings in Docusign Inc. $DOCU

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Key Points

  • Schroder Investment Management Group raised its stake in DocuSign by 14.9%, buying 94,837 shares to own 729,781 shares worth about $52.6 million (≈0.36% of the company) as of the latest 13F filing.
  • Institutions now own roughly 77.64% of DocuSign, with several funds increasing positions — notable moves include Vinva (+1,017% to 146,770 shares), Korea Investment CORP (+23.3% to 215,185 shares), and Munich Re initiating a ~ $17.6 million position.
  • Insiders have been net sellers (77,476 shares sold, ~$5.3 million in the last 90 days, insiders own 1.66%), while analysts’ consensus is a "Hold" with a $78.80 target, contrasting with the stock trading around $48.64 and a market cap of ~$9.74 billion.
  • MarketBeat previews top five stocks to own in May.

Schroder Investment Management Group raised its stake in Docusign Inc. (NASDAQ:DOCU - Free Report) by 14.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 729,781 shares of the company's stock after purchasing an additional 94,837 shares during the period. Schroder Investment Management Group owned about 0.36% of Docusign worth $52,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inceptionr LLC grew its position in shares of Docusign by 78.7% during the third quarter. Inceptionr LLC now owns 19,534 shares of the company's stock worth $1,408,000 after buying an additional 8,605 shares in the last quarter. Rathbones Group PLC raised its holdings in Docusign by 13.1% in the third quarter. Rathbones Group PLC now owns 7,322 shares of the company's stock valued at $528,000 after acquiring an additional 850 shares in the last quarter. Vinva Investment Management Ltd raised its holdings in Docusign by 1,017.0% in the third quarter. Vinva Investment Management Ltd now owns 146,770 shares of the company's stock valued at $10,581,000 after acquiring an additional 133,630 shares in the last quarter. Korea Investment CORP lifted its stake in Docusign by 23.3% in the third quarter. Korea Investment CORP now owns 215,185 shares of the company's stock worth $15,513,000 after acquiring an additional 40,700 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new position in Docusign in the third quarter worth approximately $17,614,000. Hedge funds and other institutional investors own 77.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Zacks Research cut shares of Docusign from a "strong-buy" rating to a "hold" rating in a report on Monday, November 24th. Needham & Company LLC reaffirmed a "hold" rating on shares of Docusign in a research report on Tuesday. Citigroup reiterated a "market outperform" rating on shares of Docusign in a research note on Monday, March 2nd. Wedbush dropped their target price on Docusign from $85.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday, December 5th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Docusign in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, Docusign presently has an average rating of "Hold" and a consensus target price of $78.80.

View Our Latest Analysis on DOCU

Insider Activity

In other Docusign news, insider James P. Shaughnessy sold 12,000 shares of the firm's stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.03, for a total transaction of $804,360.00. Following the transaction, the insider directly owned 54,550 shares of the company's stock, valued at approximately $3,656,486.50. This trade represents a 18.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Chatwani sold 13,818 shares of Docusign stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $68.33, for a total transaction of $944,183.94. Following the completion of the transaction, the insider owned 70,197 shares in the company, valued at approximately $4,796,561.01. This represents a 16.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 77,476 shares of company stock worth $5,302,678 over the last 90 days. 1.66% of the stock is owned by corporate insiders.

Docusign Trading Down 0.1%

DOCU stock opened at $48.64 on Wednesday. The company has a market capitalization of $9.74 billion, a P/E ratio of 34.01, a PEG ratio of 2.12 and a beta of 1.03. The business has a 50 day simple moving average of $53.01 and a 200-day simple moving average of $65.43. Docusign Inc. has a twelve month low of $40.16 and a twelve month high of $94.67.

Docusign Company Profile

(Free Report)

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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Want to see what other hedge funds are holding DOCU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Docusign Inc. (NASDAQ:DOCU - Free Report).

Institutional Ownership by Quarter for Docusign (NASDAQ:DOCU)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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