2,862 Shares in DocuSign, Inc. (NASDAQ:DOCU) Purchased by CAP Partners LLC

CAP Partners LLC purchased a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,862 shares of the company’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also bought and sold shares of DOCU. Modus Advisors LLC purchased a new position in shares of DocuSign during the fourth quarter valued at approximately $36,000. Itau Unibanco Holding S.A. bought a new stake in DocuSign in the third quarter valued at $28,000. Brooklyn Investment Group bought a new stake in DocuSign in the third quarter valued at $33,000. 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. Finally, Friedenthal Financial bought a new position in DocuSign in the 4th quarter worth $54,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DOCU shares. Piper Sandler lifted their target price on shares of DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research report on Tuesday, February 4th. Jefferies Financial Group upped their target price on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Citigroup raised their target price on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $92.45.

DocuSign Stock Performance

Shares of DocuSign stock opened at $90.86 on Tuesday. The company has a 50-day simple moving average of $92.58 and a two-hundred day simple moving average of $74.47. The stock has a market capitalization of $18.36 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 7.56 and a beta of 0.89. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86.

Insider Buying and Selling

In other news, insider Robert Chatwani sold 14,800 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $97.76, for a total transaction of $1,446,848.00. Following the completion of the transaction, the insider now directly owns 73,414 shares of the company’s stock, valued at $7,176,952.64. The trade was a 16.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Allan C. Thygesen sold 7,763 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 100,062 shares in the company, valued at $8,058,993.48. This represents a 7.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 685,773 shares of company stock worth $66,032,726 in the last three months. Insiders own 1.66% of the company’s stock.

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.