Oregon Public Employees Retirement Fund Makes New $3.72 Million Investment in DocuSign, Inc. (NASDAQ:DOCU)

Oregon Public Employees Retirement Fund acquired a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,300 shares of the company’s stock, valued at approximately $3,715,000.

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

Insider Activity

In other DocuSign news, CEO Allan C. Thygesen sold 7,763 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 100,062 shares in the company, valued at approximately $8,058,993.48. This represents a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Teresa Briggs sold 534 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $94.60, for a total transaction of $50,516.40. Following the transaction, the director now directly owns 7,736 shares in the company, valued at approximately $731,825.60. The trade was a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 693,773 shares of company stock worth $66,727,926 in the last quarter. Corporate insiders own 1.66% of the company’s stock.

DocuSign Trading Down 1.2 %

Shares of DOCU stock opened at $81.28 on Friday. The company has a market capitalization of $16.42 billion, a P/E ratio of 16.76, a P/E/G ratio of 6.94 and a beta of 0.89. 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 $90.65 and its two-hundred day moving average is $77.36.

Wall Street Analyst Weigh In

DOCU has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Tuesday, February 4th. UBS Group upped their price target on shares of DocuSign from $60.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $90.00 price objective (up previously from $57.00) on shares of DocuSign in a research note on Friday, December 6th. Robert W. Baird upped their target price on DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Morgan Stanley raised their target price on DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.