Vontobel Holding Ltd. Reduces Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Vontobel Holding Ltd. cut its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 79.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,128 shares of the company’s stock after selling 53,268 shares during the quarter. Vontobel Holding Ltd.’s holdings in DocuSign were worth $1,271,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DOCU. Exchange Traded Concepts LLC boosted its stake in DocuSign by 2,689.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,849 shares of the company’s stock worth $239,000 after purchasing an additional 3,711 shares during the last quarter. Creative Planning raised its holdings in DocuSign by 5.6% in the 3rd quarter. Creative Planning now owns 14,453 shares of the company’s stock valued at $897,000 after buying an additional 766 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in DocuSign by 3.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,436 shares of the company’s stock valued at $2,573,000 after buying an additional 1,341 shares during the period. V Square Quantitative Management LLC grew its position in DocuSign by 6.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,019 shares of the company’s stock valued at $187,000 after acquiring an additional 172 shares in the last quarter. Finally, Blue Trust Inc. grew its position in DocuSign by 1,355.9% in the 3rd quarter. Blue Trust Inc. now owns 1,485 shares of the company’s stock valued at $92,000 after acquiring an additional 1,383 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

DocuSign Price Performance

Shares of DocuSign stock opened at $87.34 on Tuesday. The business’s fifty day moving average price is $92.73 and its two-hundred day moving average price is $75.64. The company has a market capitalization of $17.64 billion, a P/E ratio of 18.01, a PEG ratio of 7.56 and a beta of 0.89. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DOCU shares. Piper Sandler upped their price target on DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Jefferies Financial Group increased their price objective on DocuSign from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Hsbc Global Res upgraded DocuSign to a “moderate sell” rating in a research report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised their price objective on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, DocuSign has an average rating of “Hold” and a consensus target price of $92.45.

Insider Buying and Selling at DocuSign

In related news, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction on Monday, December 16th. The stock was sold at an average price of $94.77, for a total value of $758,160.00. Following the transaction, the chief financial officer now directly owns 101,439 shares in the company, valued at $9,613,374.03. The trade was a 7.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Allan C. Thygesen sold 7,763 shares of DocuSign stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $80.54, for a total value of $625,232.02. Following the completion of the transaction, the chief executive officer now owns 100,062 shares in the company, valued at $8,058,993.48. The trade was a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 685,773 shares of company stock valued at $66,032,726 in the last quarter. Corporate insiders own 1.66% of the company’s stock.

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.