DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by Global Trust Asset Management LLC

Global Trust Asset Management LLC reduced its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,172 shares of the company’s stock after selling 196 shares during the period. Global Trust Asset Management LLC’s holdings in DocuSign were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of DOCU. J.W. Cole Advisors Inc. boosted its holdings in DocuSign by 2.0% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,946 shares of the company’s stock valued at $493,000 after acquiring an additional 155 shares during the period. Resonant Capital Advisors LLC lifted its position in shares of DocuSign by 0.9% during the third quarter. Resonant Capital Advisors LLC now owns 17,516 shares of the company’s stock worth $1,088,000 after purchasing an additional 157 shares in the last quarter. Optimist Retirement Group LLC boosted its stake in shares of DocuSign by 3.8% in the third quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company’s stock valued at $274,000 after purchasing an additional 161 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of DocuSign by 6.0% in the third quarter. V Square Quantitative Management LLC now owns 3,019 shares of the company’s stock valued at $187,000 after purchasing an additional 172 shares in the last quarter. Finally, Covestor Ltd increased its stake in DocuSign by 5.8% during the 3rd quarter. Covestor Ltd now owns 3,306 shares of the company’s stock worth $205,000 after buying an additional 182 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DocuSign

In other DocuSign news, insider Robert Chatwani sold 14,800 shares of DocuSign stock in a transaction that occurred on 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 sale, the insider now owns 73,414 shares of the company’s stock, valued at approximately $7,176,952.64. The trade was a 16.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James P. Shaughnessy sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $90.17, for a total value of $676,275.00. Following the transaction, the insider now owns 43,781 shares in the company, valued at $3,947,732.77. The trade was a 14.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 693,537 shares of company stock worth $66,575,817 in the last three months. Insiders own 1.66% of the company’s stock.

DocuSign Trading Up 2.0 %

Shares of DOCU stock opened at $91.36 on Wednesday. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The business’s 50 day moving average is $88.93 and its two-hundred day moving average is $70.63. The company has a market capitalization of $18.46 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 8.10 and a beta of 0.88.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DOCU shares. Hsbc Global Res upgraded shares of DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and set a $124.00 price objective on shares of DocuSign in a research report on Tuesday, January 7th. Robert W. Baird increased their target price on DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Morgan Stanley raised their price target on DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group lifted their price target on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $92.45.

DocuSign 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.