Swedbank AB Purchases 7,090 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Swedbank AB lifted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 6.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,131 shares of the company's stock after purchasing an additional 7,090 shares during the quarter. Swedbank AB owned about 0.06% of DocuSign worth $7,707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in DOCU. Thrivent Financial for Lutherans acquired a new stake in DocuSign in the second quarter worth $115,795,000. Pacer Advisors Inc. increased its holdings in shares of DocuSign by 77.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company's stock worth $188,318,000 after acquiring an additional 1,541,816 shares during the period. KBC Group NV lifted its position in DocuSign by 209.8% in the 3rd quarter. KBC Group NV now owns 1,156,874 shares of the company's stock valued at $71,830,000 after purchasing an additional 783,419 shares during the last quarter. Renaissance Technologies LLC grew its holdings in DocuSign by 18.3% during the second quarter. Renaissance Technologies LLC now owns 3,729,314 shares of the company's stock worth $199,518,000 after acquiring an additional 576,414 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its position in DocuSign by 151.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 865,872 shares of the company's stock worth $46,324,000 after acquiring an additional 521,292 shares in the last quarter. Institutional investors own 77.64% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on DOCU. Needham & Company LLC reiterated a "hold" rating on shares of DocuSign in a report on Friday, September 6th. JMP Securities boosted their price target on DocuSign from $84.00 to $108.00 and gave the company a "market outperform" rating in a research note on Friday, November 22nd. Robert W. Baird lifted their price objective on shares of DocuSign from $55.00 to $59.00 and gave the company a "neutral" rating in a research note on Friday, September 6th. Royal Bank of Canada increased their target price on shares of DocuSign from $52.00 to $57.00 and gave the stock a "sector perform" rating in a research report on Friday, September 6th. Finally, Citigroup boosted their price target on DocuSign from $86.00 to $87.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $65.80.

Insider Activity at DocuSign

In other news, Director Teresa Briggs sold 534 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $56.56, for a total transaction of $30,203.04. Following the sale, the director now owns 7,202 shares of the company's stock, valued at $407,345.12. This trade represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Allan C. Thygesen sold 7,764 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $69.95, for a total value of $543,091.80. Following the completion of the transaction, the chief executive officer now owns 107,825 shares of the company's stock, valued at $7,542,358.75. This represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,558 shares of company stock worth $4,272,768. Company insiders own 1.66% of the company's stock.

DocuSign Trading Down 5.1 %

NASDAQ:DOCU traded down $4.39 during mid-day trading on Wednesday, hitting $80.91. 1,351,729 shares of the company's stock traded hands, compared to its average volume of 2,872,119. The firm has a 50 day moving average of $70.63 and a two-hundred day moving average of $60.66. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 9.05 and a beta of 0.90. DocuSign, Inc. has a 12 month low of $42.13 and a 12 month high of $86.75.

DocuSign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.17. The business had revenue of $736.03 million for the quarter, compared to the consensus estimate of $727.20 million. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. DocuSign's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share. As a group, equities research analysts expect that DocuSign, Inc. will post 1.01 earnings per share for the current year.

DocuSign Company 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.