2,457 Shares in DocuSign, Inc. (NASDAQ:DOCU) Acquired by Mine & Arao Wealth Creation & Management LLC.

Mine & Arao Wealth Creation & Management LLC. bought a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,457 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV lifted its stake in shares of DocuSign by 209.8% during the 3rd quarter. KBC Group NV now owns 1,156,874 shares of the company’s stock worth $71,830,000 after purchasing an additional 783,419 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in DocuSign by 42.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,459,580 shares of the company’s stock worth $90,625,000 after buying an additional 434,312 shares during the period. International Assets Investment Management LLC lifted its position 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 during the period. FMR LLC boosted its stake in DocuSign by 16.8% in the 3rd quarter. FMR LLC now owns 2,192,885 shares of the company’s stock worth $136,156,000 after buying an additional 315,073 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in DocuSign in the 2nd quarter valued at about $16,248,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Activity at DocuSign

In related news, Director Daniel D. Springer sold 581,588 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were 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 directly owns 906,430 shares of the company’s stock, valued at approximately $87,959,967.20. This trade represents a 39.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Allan C. Thygesen sold 7,763 shares of DocuSign stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $80.54, for a total transaction of $625,232.02. Following the sale, the chief executive officer now directly owns 100,062 shares in the company, 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. In the last ninety days, insiders have sold 685,773 shares of company stock worth $66,032,726. 1.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DOCU has been the topic of several recent analyst reports. HSBC reiterated a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and set a $124.00 price target on shares of DocuSign in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a report on Friday, December 6th. Piper Sandler upped their price objective on DocuSign from $60.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Jefferies Financial Group increased their target price on DocuSign from $80.00 to $95.00 and gave the stock a “buy” 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 assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $92.45.

DocuSign Price Performance

NASDAQ:DOCU opened at $95.85 on Friday. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The business’s 50-day moving average is $90.73 and its two-hundred day moving average is $72.41. The firm has a market capitalization of $19.36 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 8.63 and a beta of 0.88.

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.