Hanseatic Management Services Inc. Acquires New Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Hanseatic Management Services Inc. bought a new position in shares of DocuSign, Inc. (NASDAQ:DOCUFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,130 shares of the company’s stock, valued at approximately $102,000.

Other institutional investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of DocuSign in the 3rd quarter worth approximately $28,000. Brooklyn Investment Group purchased a new stake in DocuSign in the third quarter valued at approximately $33,000. Modus Advisors LLC purchased a new stake in DocuSign in the fourth quarter valued at approximately $36,000. Reston Wealth Management LLC acquired a new position in DocuSign during the third quarter worth $47,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of DocuSign during the third quarter worth $51,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research report on Friday, December 6th. Wells Fargo & Company raised 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 Friday, December 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $90.00 target price (up from $57.00) on shares of DocuSign in a research note on Friday, December 6th. Finally, UBS Group boosted their price target on shares of DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $92.45.

Check Out Our Latest Report on DOCU

DocuSign Trading Down 1.7 %

Shares of DOCU stock opened at $89.60 on Friday. The company has a market cap of $18.10 billion, a P/E ratio of 18.47, a PEG ratio of 8.17 and a beta of 0.88. The firm has a fifty day moving average price of $88.76 and a 200 day moving average price of $70.27. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86.

Insider Transactions at DocuSign

In related news, CEO Allan C. Thygesen sold 7,763 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $80.54, for a total value of $625,232.02. Following the completion of the sale, the chief executive officer now directly owns 100,062 shares of the company’s stock, valued at $8,058,993.48. The trade was a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Chatwani sold 14,800 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $97.76, for a total value of $1,446,848.00. Following the transaction, the insider now directly owns 73,414 shares in the company, valued at approximately $7,176,952.64. The trade was a 16.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 693,537 shares of company stock valued at $66,575,817. 1.66% of the stock is currently owned by corporate insiders.

DocuSign Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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