K.J. Harrison & Partners Inc Takes $271,000 Position in DocuSign, Inc. (NASDAQ:DOCU)

K.J. Harrison & Partners Inc bought a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU) during the 4th quarter, HoldingsChannel reports. The firm bought 3,000 shares of the company’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DOCU. Itau Unibanco Holding S.A. purchased a new stake in shares of DocuSign during the third quarter valued at approximately $28,000. Kestra Investment Management LLC acquired a new stake in DocuSign during the 4th quarter valued at $30,000. Brooklyn Investment Group purchased a new stake in DocuSign during the 3rd quarter worth $33,000. Modus Advisors LLC acquired a new position in DocuSign in the 4th quarter worth $36,000. Finally, First Horizon Advisors Inc. boosted its position in DocuSign by 102.6% in the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock valued at $36,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DOCU shares. Morgan Stanley lifted their target price on DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Citigroup upped their target price on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Jefferies Financial Group raised their price target on shares of DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price objective on shares of DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company boosted their target price on shares of DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Three investment 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $92.45.

Insiders Place Their Bets

In related news, 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 value of $625,232.02. Following the sale, the chief executive officer now owns 100,062 shares of the company’s stock, valued at approximately $8,058,993.48. This trade represents a 7.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the transaction, the chief financial officer now owns 77,851 shares of the company’s stock, valued at $6,765,251.90. This represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 693,773 shares of company stock valued at $66,727,926 over the last quarter. Insiders own 1.66% of the company’s stock.

DocuSign Stock Performance

NASDAQ DOCU opened at $81.28 on Friday. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86. The company has a 50-day simple moving average of $90.65 and a 200-day simple moving average of $77.36. The firm has a market capitalization of $16.42 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 6.94 and a beta of 0.89.

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.