Smartleaf Asset Management LLC Buys 1,954 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Smartleaf Asset Management LLC increased its stake in DocuSign, Inc. (NASDAQ:DOCU) by 781.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,204 shares of the company’s stock after buying an additional 1,954 shares during the period. Smartleaf Asset Management LLC’s holdings in DocuSign were worth $202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DOCU. Synergy Financial Group LTD increased its position in shares of DocuSign by 3.4% during the fourth quarter. Synergy Financial Group LTD now owns 4,241 shares of the company’s stock worth $381,000 after acquiring an additional 140 shares during the period. Avior Wealth Management LLC increased its position in DocuSign by 36.5% during the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock valued at $49,000 after purchasing an additional 145 shares during the period. Linden Thomas Advisory Services LLC raised its stake in DocuSign by 1.1% in the fourth 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. Optimist Retirement Group LLC raised its position in shares of DocuSign by 3.8% in the 3rd quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company’s stock worth $274,000 after acquiring an additional 161 shares in the last quarter. Finally, Covestor Ltd grew its stake in DocuSign by 5.8% in the third quarter. Covestor Ltd now owns 3,306 shares of the company’s stock valued at $205,000 after purchasing an additional 182 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

DOCU has been the subject of several analyst reports. JMP Securities reissued a “market outperform” rating and set a $124.00 price target on shares of DocuSign in a research report on Tuesday, January 7th. Jefferies Financial Group increased their target price on shares of DocuSign from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Morgan Stanley lifted their price target on shares of DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Citigroup increased their price objective on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company raised their price objective on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research report 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.45.

DocuSign Stock Performance

Shares of DOCU opened at $82.36 on Thursday. The business’s 50-day moving average is $89.64 and its two-hundred day moving average is $78.28. The company has a market capitalization of $16.64 billion, a P/E ratio of 16.98, a P/E/G ratio of 6.94 and a beta of 1.02. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86.

Insider Buying and Selling

In related news, CFO Blake Jeffrey Grayson sold 8,000 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were 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 in the company, valued at approximately $6,765,251.90. This trade represents a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Allan C. Thygesen sold 40,000 shares of DocuSign stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $90.04, for a total transaction of $3,601,600.00. Following the completion of the transaction, the chief executive officer now directly owns 156,050 shares of the company’s stock, valued at $14,050,742. The trade was a 20.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 686,010 shares of company stock valued at $66,102,694 over the last ninety days. Company 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.