The Vanguard Group, Inc. has recently announced that it has increased stake in DocuSign Inc (NASDAQ:DOCU) by 2.40%. After grabbing 20.53 million shares, the institutional investor is now in possession of 0.48 million shares of the Technology Company. The new investment brought the stake of investor firm to 10.07% having worth around $1.22 billion. Moreover, BlackRock Fund Advisors increased its share by 30474.0 to have a control over 9.23 million shares. And T. Rowe Price Associates, Inc. raised its holdings to 3.42 million shares by acquiring 9.0 million shares or 4.41% of the stake.
DocuSign Inc (DOCU) concluded trading on Thursday at a closing price of $62.47, with 2.86 million shares of worth about $178.54 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.92% during that period and on Thursday, January 25 the price remained unchanged. Currently the company’s common shares owned by public are about 201.90M shares, out of which, 201.86M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 80 times over the past 12 months. They bought 1,322,675 shares in 51 of the transactions. In 29 selling transactions, insiders dumped 1,273,801 shares.
Vanguard Total Stock Market ETF, American Funds Growth Fund of Ame, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in DocuSign Inc Vanguard Total Stock Market ETF is currently holding 6.38 million shares of worth totaling $379.49 million. The company recently came buying 64985.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard Extended Market Index Fu, after buying 3.0 million shares, have now control over 1.47% of the stake in the company. It holds 61345.0 shares of worth $178.48 million.
Stock saw a price change of 1.98% in past 5 days and over the past one month there was a price change of 2.93%. Year-to-date (YTD), DOCU shares are showing a performance of 5.08% which increased to 7.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $38.11 but also hit the highest price of $69.45 during that period. The average intraday trading volume for DocuSign Inc shares is 4.58 million. The stock is currently trading 5.01% above its 20-day simple moving average (SMA20), while that difference is up 17.47% for SMA50 and it goes to 25.14% higher than SMA200.
The Vanguard Group, Inc. acquired 20.53 million shares of DocuSign Inc having value of about $1.22 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.48 million shares in the company valued at close to $30013336.68, or have control over 2.40% stake in the company. DocuSign Inc (NASDAQ: DOCU) currently have 201.90M outstanding shares and institutions hold larger chunk of about 75.00% of that. Holding of mutual funds in the company is about 35.07% while other institutional holders and individual stake holders have control over 40.33% and 21.34% of the stake respectively.
The stock has a current market capitalization of $12.74B and its 3Y-monthly beta is at 0.92. PE ratio of stock for trailing 12 months is 250.18, while it has posted earnings per share of $0.25 in the same period. Its PEG reads 12.51 and has Quick Ratio of 0.93 while making debt-to-equity ratio of 0.87. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DOCU, volatility over the week remained 3.01% while standing at 3.36% over the month.
Analysts are in expectations that DocuSign Inc (DOCU) stock would likely to be making an EPS of $DigitalOcean Holdings, Inc. in the current quarter, while forecast for next quarter EPS is $33.14 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Doximity, Inc. which is $DouYu International Holdings Li at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Physicians Realty Trust in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 41.21% while it is estimated to increase by 0.45% in next year. EPS is likely to grow at an annualized rate of 20.00% for next 5-years, compared to annual growth of -7.59% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on January 16, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $49 and $64 to it.
