Register Financial Advisors LLC Purchases New Position in DocuSign, Inc. (NASDAQ:DOCU)

Register Financial Advisors LLC purchased a new stake in DocuSign, Inc. (NASDAQ:DOCU) during the first quarter, according to its most recent filing with the SEC. The firm purchased 620 shares of the company’s stock, valued at approximately $37,000.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC raised its position in shares of DocuSign by 93.1% in the 4th quarter. SG Americas Securities LLC now owns 78,423 shares of the company’s stock valued at $4,662,000 after acquiring an additional 37,801 shares during the period. AQR Capital Management LLC increased its stake in DocuSign by 147.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,908,500 shares of the company’s stock worth $80,157,000 after purchasing an additional 1,136,948 shares in the last quarter. Metis Global Partners LLC bought a new stake in DocuSign during the 4th quarter worth approximately $208,000. Charles Schwab Investment Management Inc. increased its stake in DocuSign by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,260,296 shares of the company’s stock worth $74,925,000 after purchasing an additional 44,646 shares in the last quarter. Finally, Syon Capital LLC increased its stake in DocuSign by 450.2% during the 4th quarter. Syon Capital LLC now owns 550,221 shares of the company’s stock worth $32,711,000 after purchasing an additional 450,221 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Blake Jeffrey Grayson sold 49,123 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $51.15, for a total value of $2,512,641.45. Following the completion of the sale, the chief financial officer now owns 70,473 shares of the company’s stock, valued at approximately $3,604,693.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider James P. Shaughnessy sold 1,800 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $57.50, for a total value of $103,500.00. Following the completion of the sale, the insider now owns 46,503 shares of the company’s stock, valued at approximately $2,673,922.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Blake Jeffrey Grayson sold 49,123 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $51.15, for a total value of $2,512,641.45. Following the completion of the sale, the chief financial officer now directly owns 70,473 shares of the company’s stock, valued at approximately $3,604,693.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,107 shares of company stock valued at $4,861,484. 1.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DOCU shares. Citigroup lowered their target price on DocuSign from $93.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Bank of America lowered their target price on DocuSign from $72.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, June 7th. Royal Bank of Canada lowered their target price on DocuSign from $59.00 to $52.00 and set a “sector perform” rating for the company in a research note on Friday, June 7th. JMP Securities reissued a “market outperform” rating and set a $84.00 target price on shares of DocuSign in a research note on Friday, June 7th. Finally, UBS Group raised DocuSign from a “sell” rating to a “neutral” rating and increased their target price for the stock from $48.00 to $62.00 in a research note on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, DocuSign currently has a consensus rating of “Hold” and an average price target of $59.36.

DocuSign Stock Up 1.5 %

Shares of DOCU opened at $53.50 on Friday. The stock has a market capitalization of $10.95 billion, a P/E ratio of 102.89, a P/E/G ratio of 4.41 and a beta of 0.89. DocuSign, Inc. has a twelve month low of $38.11 and a twelve month high of $64.76. The company has a 50 day moving average of $55.65 and a 200-day moving average of $56.77.

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.