Stratos Wealth Partners LTD. Makes New Investment in DocuSign, Inc. (NASDAQ:DOCU)

Stratos Wealth Partners LTD. bought a new stake in DocuSign, Inc. (NASDAQ:DOCU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,493 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors have also made changes to their positions in the business. KBC Group NV increased its holdings in shares of DocuSign by 209.8% in the third quarter. KBC Group NV now owns 1,156,874 shares of the company’s stock valued at $71,830,000 after purchasing an additional 783,419 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of DocuSign by 42.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,459,580 shares of the company’s stock valued at $90,625,000 after buying an additional 434,312 shares during the period. International Assets Investment Management LLC raised its position in shares of DocuSign by 5,660.8% during the third quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock worth $27,252,000 after acquiring an additional 431,295 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of DocuSign by 219.3% during the fourth quarter. Retirement Systems of Alabama now owns 466,478 shares of the company’s stock worth $41,955,000 after acquiring an additional 320,383 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of DocuSign by 16.8% during the third quarter. FMR LLC now owns 2,192,885 shares of the company’s stock valued at $136,156,000 after acquiring an additional 315,073 shares during the period. 77.64% of the stock is owned by institutional investors.

Insider Activity at DocuSign

In other news, Director Peter Solvik sold 10,000 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $91.26, for a total value of $912,600.00. Following the completion of the sale, the director now owns 150,253 shares of the company’s stock, valued at approximately $13,712,088.78. This represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, 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 disclosure for this sale can be found here. Insiders have sold 685,773 shares of company stock valued at $66,032,726 over the last three months. 1.66% of the stock is owned by insiders.

DocuSign Stock Performance

NASDAQ:DOCU opened at $88.63 on Friday. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The firm’s 50-day simple moving average is $93.03 and its 200 day simple moving average is $75.04. The firm has a market cap of $17.91 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 7.56 and a beta of 0.89.

Analysts Set New Price Targets

A number of analysts have commented on DOCU shares. Morgan Stanley lifted their target price on shares of DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $90.00 price target (up from $57.00) on shares of DocuSign in a research report on Friday, December 6th. Robert W. Baird upped their price objective on DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a report on Tuesday, February 4th. Finally, Jefferies Financial Group boosted their target price on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, DocuSign presently has a consensus rating of “Hold” and a consensus 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.