SG Americas Securities LLC Boosts Holdings in DocuSign, Inc. (NASDAQ:DOCU)

SG Americas Securities LLC grew its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 866.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,550 shares of the company’s stock after purchasing an additional 78,488 shares during the period. SG Americas Securities LLC’s holdings in DocuSign were worth $7,874,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in DocuSign by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 610,728 shares of the company’s stock worth $32,671,000 after acquiring an additional 75,133 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of DocuSign by 2.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,080 shares of the company’s stock worth $539,000 after purchasing an additional 286 shares during the last quarter. Sei Investments Co. raised its stake in DocuSign by 16.4% in the second quarter. Sei Investments Co. now owns 22,341 shares of the company’s stock valued at $1,195,000 after purchasing an additional 3,141 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in DocuSign by 15.8% during the second quarter. Ensign Peak Advisors Inc now owns 134,837 shares of the company’s stock valued at $7,214,000 after purchasing an additional 18,415 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in DocuSign by 20.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $86,000 after buying an additional 263 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

DocuSign Stock Down 1.3 %

Shares of DocuSign stock opened at $90.54 on Friday. The company’s fifty day simple moving average is $89.31 and its two-hundred day simple moving average is $71.03. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86. The firm has a market cap of $18.29 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 8.26 and a beta of 0.88.

Analyst Ratings Changes

A number of research firms have recently issued reports on DOCU. Piper Sandler lifted their price objective on shares of DocuSign from $60.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. UBS Group lifted their price target on DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Wells Fargo & Company increased their price objective on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research report on Friday, December 6th. JMP Securities restated a “market outperform” rating and issued a $124.00 target price on shares of DocuSign in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $92.45.

Insider Buying and Selling

In related news, Director Peter Solvik sold 10,000 shares of DocuSign stock in a transaction on Friday, January 10th. The shares were sold at an average price of $91.26, for a total value of $912,600.00. Following the sale, the director now owns 150,253 shares in the company, valued at $13,712,088.78. The trade was a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Allan C. Thygesen sold 7,763 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $80.54, for a total transaction of $625,232.02. Following the transaction, the chief executive officer now directly owns 100,062 shares in the company, valued at approximately $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 693,537 shares of company stock valued at $66,575,817 over the last ninety days. 1.66% of the stock is owned by insiders.

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.