Versor Investments LP Trims Position in DocuSign, Inc. (NASDAQ:DOCU)

Versor Investments LP lessened its position in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 40.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,302 shares of the company's stock after selling 10,300 shares during the quarter. Versor Investments LP's holdings in DocuSign were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its position in DocuSign by 5,000.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company's stock valued at $27,000 after buying an additional 500 shares during the period. Mather Group LLC. grew its position in DocuSign by 4,338.5% during the 2nd quarter. Mather Group LLC. now owns 577 shares of the company's stock worth $31,000 after acquiring an additional 564 shares during the last quarter. Reston Wealth Management LLC purchased a new position in DocuSign in the 3rd quarter worth approximately $47,000. nVerses Capital LLC bought a new stake in DocuSign in the second quarter valued at approximately $48,000. Finally, Quarry LP purchased a new stake in shares of DocuSign during the second quarter valued at approximately $53,000. Hedge funds and other institutional investors own 77.64% of the company's stock.

Insiders Place Their Bets

In other DocuSign news, CEO Allan C. Thygesen sold 7,764 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $69.95, for a total transaction of $543,091.80. Following the completion of the sale, the chief executive officer now directly owns 107,825 shares in the company, valued at approximately $7,542,358.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other DocuSign news, insider Robert Chatwani sold 14,799 shares of the business's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $55.46, for a total value of $820,752.54. Following the completion of the transaction, the insider now owns 70,748 shares of the company's stock, valued at approximately $3,923,684.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Allan C. Thygesen sold 7,764 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $69.95, for a total transaction of $543,091.80. Following the sale, the chief executive officer now directly owns 107,825 shares in the company, valued at approximately $7,542,358.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,558 shares of company stock valued at $4,272,768. 1.66% of the stock is currently owned by corporate insiders.

DocuSign Stock Down 0.8 %

Shares of NASDAQ:DOCU traded down $0.66 during midday trading on Wednesday, reaching $81.81. The company's stock had a trading volume of 2,367,626 shares, compared to its average volume of 2,887,431. The firm has a 50 day moving average of $65.69 and a 200-day moving average of $59.02. The firm has a market capitalization of $16.60 billion, a P/E ratio of 17.53, a PEG ratio of 8.73 and a beta of 0.90. DocuSign, Inc. has a 12-month low of $42.08 and a 12-month high of $83.68.

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

Analyst Ratings Changes

A number of research firms recently commented on DOCU. Bank of America upped their price target on shares of DocuSign from $60.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, September 6th. Wells Fargo & Company increased their target price on shares of DocuSign from $48.00 to $50.00 and gave the stock an "underweight" rating in a report on Friday, September 6th. Citigroup raised their target price on DocuSign from $86.00 to $87.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. Robert W. Baird increased their price objective on DocuSign from $55.00 to $59.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $84.00 price objective on shares of DocuSign in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, DocuSign has an average rating of "Hold" and an average target price of $63.40.

About DocuSign

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.