DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. raised its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 52.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,271 shares of the company’s stock after purchasing an additional 786 shares during the quarter. Blue Trust Inc.’s holdings in DocuSign were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Toronto Dominion Bank raised its position in DocuSign by 30.3% in the third quarter. Toronto Dominion Bank now owns 26,159 shares of the company’s stock worth $1,624,000 after acquiring an additional 6,081 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of DocuSign in the 3rd quarter valued at about $911,000. Charles Schwab Investment Management Inc. lifted its stake in shares of DocuSign by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company’s stock valued at $82,478,000 after purchasing an additional 16,014 shares during the period. International Assets Investment Management LLC boosted its holdings in DocuSign by 5,660.8% during the third quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock worth $27,252,000 after buying an additional 431,295 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in DocuSign by 39.5% during the third quarter. Quantinno Capital Management LP now owns 201,546 shares of the company’s stock worth $12,514,000 after buying an additional 57,104 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at DocuSign

In other news, Director Daniel D. Springer sold 581,588 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $97.04, for a total value of $56,437,299.52. Following the completion of the transaction, the director now owns 906,430 shares in the company, valued at approximately $87,959,967.20. This represents a 39.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $94.60, for a total value of $50,516.40. Following the sale, the director now directly owns 7,736 shares in the company, valued at $731,825.60. The trade was a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 685,773 shares of company stock worth $66,032,726. 1.66% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DOCU shares. Wells Fargo & Company raised their price target on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research report on Friday, December 6th. Jefferies Financial Group upped their price target on shares of DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a report on Tuesday. Piper Sandler boosted 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. Finally, Hsbc Global Res upgraded DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $92.45.

DocuSign Price Performance

Shares of DOCU stock opened at $96.47 on Wednesday. The firm has a market cap of $19.49 billion, a P/E ratio of 19.89, a PEG ratio of 8.74 and a beta of 0.89. The stock’s 50-day moving average is $91.54 and its two-hundred day moving average is $73.38. 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.