Dakota Wealth Management Has $2.01 Million Stock Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Dakota Wealth Management grew its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,368 shares of the company’s stock after purchasing an additional 307 shares during the quarter. Dakota Wealth Management’s holdings in DocuSign were worth $2,012,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of DocuSign by 16.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 28,138 shares of the company’s stock valued at $2,531,000 after purchasing an additional 3,935 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of DocuSign by 26.7% during the fourth quarter. Atomi Financial Group Inc. now owns 5,861 shares of the company’s stock valued at $527,000 after purchasing an additional 1,235 shares in the last quarter. Perpetual Ltd acquired a new stake in shares of DocuSign during the fourth quarter valued at about $297,000. Mitchell & Pahl Private Wealth LLC lifted its stake in shares of DocuSign by 1.7% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 20,955 shares of the company’s stock worth $1,885,000 after acquiring an additional 345 shares during the period. Finally, Ballentine Partners LLC acquired a new position in shares of DocuSign in the fourth quarter worth approximately $278,000. 77.64% of the stock is owned by institutional investors and hedge funds.

DocuSign Stock Down 1.3 %

NASDAQ DOCU opened at $90.54 on Friday. The company has a market cap of $18.29 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 8.26 and a beta of 0.88. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The business has a 50 day moving average price of $89.31 and a 200-day moving average price of $71.03.

Insider Buying and Selling

In related news, Director Daniel D. Springer sold 581,588 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $97.04, for a total transaction of $56,437,299.52. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Allan C. Thygesen sold 7,763 shares of the company’s 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 sale, the chief executive officer now owns 100,062 shares of the company’s stock, valued at $8,058,993.48. This trade represents a 7.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 693,537 shares of company stock worth $66,575,817. 1.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on DOCU shares. UBS Group lifted their price objective on DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. Morgan Stanley lifted their price objective on DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Piper Sandler lifted their price objective on DocuSign from $60.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company lifted their target price on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $92.45.

DocuSign 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.