DocuSign, Inc. (NASDAQ:DOCU) Holdings Decreased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC lowered its stake in DocuSign, Inc. (NASDAQ:DOCU) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,324 shares of the company’s stock after selling 375 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in DocuSign were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV lifted its stake in shares of DocuSign by 5,000.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the period. Mather Group LLC. lifted its position in DocuSign by 4,338.5% in the second quarter. Mather Group LLC. now owns 577 shares of the company’s stock worth $31,000 after purchasing an additional 564 shares during the period. Register Financial Advisors LLC bought a new position in DocuSign during the 1st quarter valued at $37,000. ICA Group Wealth Management LLC acquired a new position in shares of DocuSign during the 4th quarter valued at $39,000. Finally, nVerses Capital LLC bought a new stake in shares of DocuSign in the 2nd quarter worth $48,000. Institutional investors own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DOCU. Citigroup lowered their target price on DocuSign from $93.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $84.00 price objective on shares of DocuSign in a research note on Wednesday, July 10th. Morgan Stanley cut their target price on shares of DocuSign from $65.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, June 7th. Royal Bank of Canada reduced their target price on shares of DocuSign from $59.00 to $52.00 and set a “sector perform” rating for the company in a report on Friday, June 7th. Finally, Robert W. Baird dropped their price target on DocuSign from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, DocuSign presently has a consensus rating of “Hold” and an average target price of $59.36.

DocuSign Stock Performance

DocuSign stock opened at $57.42 on Thursday. DocuSign, Inc. has a 52 week low of $38.11 and a 52 week high of $64.76. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of 110.42, a P/E/G ratio of 9.74 and a beta of 0.93. The company has a 50 day moving average price of $55.24 and a 200 day moving average price of $55.79.

DocuSign (NASDAQ:DOCU) last issued its earnings results on Thursday, June 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.20 by $0.09. DocuSign had a return on equity of 15.44% and a net margin of 3.81%. The business had revenue of $709.64 million during the quarter, compared to analysts’ expectations of $706.07 million. Equities analysts forecast that DocuSign, Inc. will post 0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DocuSign news, insider James P. Shaughnessy sold 1,800 shares of DocuSign stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $50.98, for a total transaction of $91,764.00. Following the transaction, the insider now owns 35,703 shares of the company’s stock, valued at approximately $1,820,138.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider James P. Shaughnessy sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $50.98, for a total transaction of $91,764.00. Following the transaction, the insider now directly owns 35,703 shares in the company, valued at approximately $1,820,138.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Allan C. Thygesen sold 7,725 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $54.89, for a total value of $424,025.25. Following the sale, the chief executive officer now owns 109,918 shares of the company’s stock, valued at $6,033,399.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 474,693 shares of company stock worth $25,067,629. 1.66% of the stock is currently owned by company insiders.

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.