DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in DocuSign, Inc. (NASDAQ:DOCU) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,508 shares of the company’s stock after selling 1,839 shares during the period. Wellington Management Group LLP’s holdings in DocuSign were worth $2,081,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of DocuSign in the third quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new position in shares of DocuSign during the third quarter worth approximately $33,000. Reston Wealth Management LLC bought a new position in DocuSign in the 3rd quarter worth approximately $47,000. nVerses Capital LLC acquired a new stake in DocuSign in the 2nd quarter valued at approximately $48,000. Finally, Quarry LP acquired a new stake in DocuSign in the 2nd quarter valued at approximately $53,000. 77.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DOCU has been the subject of a number of analyst reports. Citigroup boosted their price target on DocuSign from $87.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Hsbc Global Res raised shares of DocuSign to a “moderate sell” rating in a report on Friday, December 6th. Wells Fargo & Company raised their target price on shares of DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research note on Friday, December 6th. JMP Securities upped their price target on shares of DocuSign from $108.00 to $124.00 and gave the stock a “market outperform” rating in a research note on Friday, December 6th. Finally, Piper Sandler increased their price objective on shares of DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $92.45.

Insider Activity

In other DocuSign news, insider James P. Shaughnessy sold 7,500 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $67.83, for a total transaction of $508,725.00. Following the sale, the insider now directly owns 43,301 shares of the company’s stock, valued at $2,937,106.83. The trade was a 14.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Allan C. Thygesen sold 7,648 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $62.47, for a total value of $477,770.56. Following the completion of the sale, the chief executive officer now owns 115,589 shares of the company’s stock, valued at $7,220,844.83. The trade was a 6.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 660,737 shares of company stock valued at $63,029,016 over the last three months. Insiders own 1.66% of the company’s stock.

DocuSign Stock Down 5.6 %

DOCU opened at $92.71 on Thursday. The firm has a market cap of $18.73 billion, a PE ratio of 19.12, a P/E/G ratio of 8.72 and a beta of 0.92. The business has a fifty day simple moving average of $79.83 and a 200-day simple moving average of $64.22. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86.

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.