DocuSign, Inc. (NASDAQ:DOCU) Stock Holdings Lowered by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd reduced its holdings in DocuSign, Inc. (NASDAQ:DOCUFree Report) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,939 shares of the company’s stock after selling 3,283 shares during the quarter. Gulf International Bank UK Ltd’s holdings in DocuSign were worth $1,007,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of DocuSign by 440.0% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 270 shares of the company’s stock valued at $28,000 after acquiring an additional 220 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of DocuSign during the third quarter valued at approximately $32,000. Farther Finance Advisors LLC raised its holdings in shares of DocuSign by 171.0% during the second quarter. Farther Finance Advisors LLC now owns 664 shares of the company’s stock valued at $34,000 after acquiring an additional 419 shares during the period. Performa Ltd US LLC raised its holdings in shares of DocuSign by 50.0% during the third quarter. Performa Ltd US LLC now owns 825 shares of the company’s stock valued at $35,000 after acquiring an additional 275 shares during the period. Finally, Tyler Stone Wealth Management acquired a new stake in shares of DocuSign during the second quarter valued at approximately $36,000. 77.96% of the stock is currently owned by institutional investors.

DocuSign Stock Down 0.7 %

DOCU stock opened at $58.27 on Friday. The firm has a 50 day moving average of $56.16 and a two-hundred day moving average of $50.21. DocuSign, Inc. has a 12 month low of $38.11 and a 12 month high of $64.76. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 161.87, a P/E/G ratio of 5.47 and a beta of 0.87.

Insider Activity at DocuSign

In related news, CEO Allan C. Thygesen sold 7,680 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $61.27, for a total value of $470,553.60. Following the transaction, the chief executive officer now directly owns 111,767 shares in the company, valued at approximately $6,847,964.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Stephen Shute sold 15,109 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $57.02, for a total value of $861,515.18. Following the transaction, the insider now directly owns 8,959 shares in the company, valued at approximately $510,842.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Allan C. Thygesen sold 7,680 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $61.27, for a total transaction of $470,553.60. Following the completion of the sale, the chief executive officer now directly owns 111,767 shares of the company’s stock, valued at $6,847,964.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,491 shares of company stock worth $2,604,469. 17.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Piper Sandler cut their price target on shares of DocuSign from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, December 8th. Morgan Stanley raised shares of DocuSign from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $49.00 to $64.00 in a research report on Tuesday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $50.00 price objective on shares of DocuSign in a research report on Friday, January 12th. JPMorgan Chase & Co. lowered their price objective on shares of DocuSign from $50.00 to $45.00 and set an “underweight” rating on the stock in a research report on Friday, December 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $84.00 price objective on shares of DocuSign in a research report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $58.33.

Read Our Latest Analysis on DocuSign

About DocuSign

(Free Report)

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides DocuSign 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; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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