DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Allworth Financial LP

Allworth Financial LP grew its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 31.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 977 shares of the company’s stock after acquiring an additional 234 shares during the quarter. Allworth Financial LP’s holdings in DocuSign were worth $90,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Avior Wealth Management LLC lifted its position in DocuSign by 36.5% during the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock worth $49,000 after acquiring an additional 145 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in DocuSign by 1.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 13,540 shares of the company’s stock worth $1,218,000 after buying an additional 149 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in DocuSign by 2.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,946 shares of the company’s stock valued at $493,000 after buying an additional 155 shares during the last quarter. Optimist Retirement Group LLC boosted its position in DocuSign by 3.8% in the 3rd quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company’s stock valued at $274,000 after buying an additional 161 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of DocuSign by 5.8% during the third quarter. Covestor Ltd now owns 3,306 shares of the company’s stock worth $205,000 after acquiring an additional 182 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $86.90, for a total transaction of $695,200.00. Following the sale, the chief financial officer now owns 77,851 shares of the company’s stock, valued at approximately $6,765,251.90. This trade represents a 9.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $625,232.02. Following the sale, the chief executive officer now owns 100,062 shares in the company, valued at $8,058,993.48. This represents a 7.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 693,773 shares of company stock valued at $66,727,926 over the last 90 days. 1.66% of the stock is currently owned by company insiders.

DocuSign Price Performance

NASDAQ DOCU opened at $83.69 on Tuesday. The firm has a market cap of $16.91 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 6.94 and a beta of 0.89. The stock’s 50-day moving average is $91.45 and its two-hundred day moving average is $77.09. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DOCU. HSBC reissued a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. Citigroup raised their price objective on shares of DocuSign from $87.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, December 6th. JMP Securities reissued a “market outperform” rating and issued a $124.00 target price on shares of DocuSign in a research report on Tuesday, January 7th. Wells Fargo & Company lifted their price target on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research note on Friday, December 6th. Finally, Robert W. Baird upped their price objective on DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, DocuSign presently has a consensus rating of “Hold” and an average target price of $92.45.

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.