Lifestyle Asset Management Inc. Buys New Shares in DocuSign, Inc. (NASDAQ:DOCU)

Lifestyle Asset Management Inc. bought a new stake in DocuSign, Inc. (NASDAQ:DOCU) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,172 shares of the company’s stock, valued at approximately $1,095,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Modus Advisors LLC purchased a new position in DocuSign in the fourth quarter valued at $36,000. Itau Unibanco Holding S.A. purchased a new position in DocuSign in the third quarter valued at $28,000. Brooklyn Investment Group purchased a new position in DocuSign in the third quarter valued at $33,000. Avior Wealth Management LLC lifted its holdings in DocuSign by 36.5% during the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock worth $49,000 after buying an additional 145 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in DocuSign during the 4th quarter worth about $54,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Blake Jeffrey Grayson sold 15,588 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $97.78, for a total transaction of $1,524,194.64. Following the sale, the chief financial officer now owns 85,851 shares of the company’s stock, valued at $8,394,510.78. The trade was a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Allan C. Thygesen sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $69.95, for a total value of $543,091.80. Following the sale, the chief executive officer now directly owns 107,825 shares in the company, valued at $7,542,358.75. This trade represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 693,537 shares of company stock worth $66,575,817. Company insiders own 1.66% of the company’s stock.

DocuSign Trading Down 1.3 %

NASDAQ DOCU opened at $90.54 on Friday. The business’s 50 day moving average is $89.31 and its two-hundred day moving average is $71.03. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86. The stock has a market capitalization of $18.29 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 8.26 and a beta of 0.88.

Analyst Ratings Changes

A number of analysts have issued reports on DOCU shares. Jefferies Financial Group lifted their price target on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $124.00 price target on shares of DocuSign in a report on Tuesday, January 7th. Citigroup lifted their price target on DocuSign from $87.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $90.00 price target (up from $57.00) on shares of DocuSign in a report on Friday, December 6th. Finally, Hsbc Global Res raised DocuSign to a “moderate sell” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.