Silver Lake Advisory LLC Boosts Stock Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Silver Lake Advisory LLC increased its stake in DocuSign, Inc. (NASDAQ:DOCU) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,547 shares of the company’s stock after acquiring an additional 1,907 shares during the period. DocuSign comprises about 1.6% of Silver Lake Advisory LLC’s holdings, making the stock its 25th largest holding. Silver Lake Advisory LLC’s holdings in DocuSign were worth $3,557,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of DOCU. Dimensional Fund Advisors LP boosted its stake in shares of DocuSign by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 610,728 shares of the company’s stock valued at $32,671,000 after purchasing an additional 75,133 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in DocuSign by 2.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,080 shares of the company’s stock valued at $539,000 after buying an additional 286 shares during the period. Sei Investments Co. grew its holdings in DocuSign by 16.4% in the 2nd quarter. Sei Investments Co. now owns 22,341 shares of the company’s stock worth $1,195,000 after acquiring an additional 3,141 shares during the last quarter. Ensign Peak Advisors Inc increased its position in shares of DocuSign by 15.8% in the second quarter. Ensign Peak Advisors Inc now owns 134,837 shares of the company’s stock valued at $7,214,000 after acquiring an additional 18,415 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of DocuSign by 20.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $86,000 after purchasing an additional 263 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

DocuSign Trading Down 1.3 %

NASDAQ DOCU opened at $90.54 on Friday. The stock’s fifty day moving average price is $89.31 and its 200-day moving average price is $71.03. The stock has a market cap of $18.29 billion, a P/E ratio of 18.67, a P/E/G ratio of 8.30 and a beta of 0.88. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86.

Insider Activity at DocuSign

In related news, Director Teresa Briggs sold 534 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $94.60, for a total value of $50,516.40. Following the transaction, the director now directly owns 7,736 shares of the company’s stock, valued at approximately $731,825.60. This represents a 6.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Allan C. Thygesen sold 7,764 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $69.95, for a total value of $543,091.80. Following the completion of the transaction, the chief executive officer now owns 107,825 shares of the company’s stock, valued at $7,542,358.75. This represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 693,537 shares of company stock valued at $66,575,817. 1.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $90.00 price target (up previously from $57.00) on shares of DocuSign in a report on Friday, December 6th. Robert W. Baird raised their price target on DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Hsbc Global Res upgraded shares of DocuSign to a “moderate sell” rating in a report on Friday, December 6th. Jefferies Financial Group lifted their target price on shares of DocuSign from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler raised 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. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.