Good Life Advisors LLC Takes Position in DocuSign, Inc. (NASDAQ:DOCU)

Good Life Advisors LLC bought a new stake in DocuSign, Inc. (NASDAQ:DOCUFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,174 shares of the company’s stock, valued at approximately $248,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DOCU. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of DocuSign by 440.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 270 shares of the company’s stock worth $28,000 after purchasing an additional 220 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of DocuSign in the 3rd quarter worth $32,000. Farther Finance Advisors LLC boosted its position in shares of DocuSign by 171.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 664 shares of the company’s stock worth $34,000 after purchasing an additional 419 shares during the last quarter. Performa Ltd US LLC boosted its position in shares of DocuSign by 50.0% in the 3rd quarter. Performa Ltd US LLC now owns 825 shares of the company’s stock worth $35,000 after purchasing an additional 275 shares during the last quarter. Finally, Tyler Stone Wealth Management bought a new position in shares of DocuSign in the 2nd quarter worth $36,000. 77.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DOCU shares. Morgan Stanley upgraded DocuSign from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $49.00 to $64.00 in a research report on Tuesday, January 16th. JPMorgan Chase & Co. cut their price target on DocuSign from $50.00 to $45.00 and set an “underweight” rating on the stock in a report on Friday, December 8th. Piper Sandler cut their price target on DocuSign from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, December 8th. TheStreet raised DocuSign from a “d+” rating to a “c-” rating in a research report on Tuesday, December 19th. Finally, Wells Fargo & Company lowered their target price on DocuSign from $55.00 to $45.00 and set an “underweight” rating on the stock in a research report on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $58.33.

View Our Latest Stock Report on DOCU

DocuSign Trading Up 0.5 %

Shares of DOCU stock opened at $59.55 on Friday. The stock has a market cap of $12.23 billion, a P/E ratio of 165.42, a price-to-earnings-growth ratio of 5.52 and a beta of 0.87. The stock has a 50 day simple moving average of $55.88 and a 200 day simple moving average of $50.41. DocuSign, Inc. has a 1 year low of $38.11 and a 1 year high of $64.76.

Insider Activity at DocuSign

In related news, CEO Allan C. Thygesen sold 7,680 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $61.27, for a total value of $470,553.60. Following the completion of the sale, the chief executive officer now directly owns 111,767 shares in the company, valued at $6,847,964.09. The sale was disclosed in a filing with the SEC, which is available at this link. In other DocuSign news, CEO Allan C. Thygesen sold 7,680 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was 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 in the company, valued at $6,847,964.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Allan C. Thygesen sold 7,420 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $58.19, for a total value of $431,769.80. Following the sale, the chief executive officer now owns 119,447 shares of the company’s stock, valued at $6,950,620.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,491 shares of company stock worth $2,604,469. Company insiders own 17.80% of the company’s stock.

DocuSign Profile

(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.

Further Reading

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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