Robeco Institutional Asset Management B.V. Purchases 33,844 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Robeco Institutional Asset Management B.V. grew its stake in shares of DocuSign, Inc. (NASDAQ:DOCU – Get Rating) by 27.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,833 shares of the company’s stock after acquiring an additional 33,844 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in DocuSign were worth $8,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of DocuSign by 1.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,965 shares of the company’s stock valued at $514,000 after acquiring an additional 164 shares in the last quarter. FineMark National Bank & Trust increased its holdings in DocuSign by 4.8% in the 3rd quarter. FineMark National Bank & Trust now owns 4,330 shares of the company’s stock worth $231,000 after buying an additional 200 shares in the last quarter. Utah Retirement Systems increased its holdings in DocuSign by 0.6% in the 2nd quarter. Utah Retirement Systems now owns 34,587 shares of the company’s stock worth $1,984,000 after buying an additional 200 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in DocuSign by 440.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 270 shares of the company’s stock worth $28,000 after buying an additional 220 shares in the last quarter. Finally, Granite Bay Wealth Management LLC increased its holdings in DocuSign by 5.2% in the 3rd quarter. Granite Bay Wealth Management LLC now owns 4,591 shares of the company’s stock worth $245,000 after buying an additional 225 shares in the last quarter. 76.18% of the stock is currently owned by institutional investors.

DocuSign Stock Down 0.5 %

DOCU stock opened at $58.52 on Friday. DocuSign, Inc. has a twelve month low of $39.57 and a twelve month high of $113.67. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.46. The stock has a market cap of $11.77 billion, a P/E ratio of -119.43, a PEG ratio of 18.92 and a beta of 1.00. The business’s 50-day moving average price is $60.55 and its 200-day moving average price is $54.34.

Insider Buying and Selling

In related news, Director Teresa Briggs sold 1,988 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $58.53, for a total value of $116,357.64. Following the transaction, the director now directly owns 3,763 shares of the company’s stock, valued at approximately $220,248.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Daniel D. Springer sold 147,009 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $58.48, for a total value of $8,597,086.32. Following the transaction, the director now directly owns 1,524,335 shares of the company’s stock, valued at approximately $89,143,110.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Teresa Briggs sold 1,988 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $58.53, for a total value of $116,357.64. Following the completion of the transaction, the director now directly owns 3,763 shares in the company, valued at $220,248.39. The disclosure for this sale can be found here. In the last three months, insiders have sold 296,005 shares of company stock valued at $16,810,645. Corporate insiders own 2.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DOCU. JPMorgan Chase & Co. downgraded DocuSign from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $58.00 to $48.00 in a report on Friday, March 10th. Wedbush lifted their price objective on DocuSign from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 10th. UBS Group downgraded DocuSign from a “neutral” rating to a “sell” rating and set a $52.00 price objective for the company. in a report on Tuesday, February 21st. Royal Bank of Canada lifted their price objective on DocuSign from $53.00 to $59.00 and gave the stock a “sector perform” rating in a report on Friday, March 10th. Finally, Wolfe Research raised DocuSign from an “underperform” rating to a “peer perform” rating in a research report on Thursday, February 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, DocuSign presently has an average rating of “Hold” and a consensus target price of $62.93.

About DocuSign

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DocuSign, Inc provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions including identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage.