DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by Prairie Wealth Advisors Inc.

Prairie Wealth Advisors Inc. cut its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 6.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,399 shares of the company’s stock after selling 620 shares during the period. Prairie Wealth Advisors Inc.’s holdings in DocuSign were worth $755,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DOCU. Creative Planning boosted its stake in DocuSign by 9.2% in the 2nd quarter. Creative Planning now owns 13,687 shares of the company’s stock worth $732,000 after buying an additional 1,157 shares during the last quarter. Truist Financial Corp boosted its position in shares of DocuSign by 18.1% in the second quarter. Truist Financial Corp now owns 9,138 shares of the company’s stock worth $489,000 after acquiring an additional 1,399 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in DocuSign in the second quarter valued at approximately $942,000. Park Avenue Securities LLC purchased a new stake in DocuSign in the third quarter valued at approximately $231,000. Finally, Atomi Financial Group Inc. increased its position in DocuSign by 21.4% during the third quarter. Atomi Financial Group Inc. now owns 4,626 shares of the company’s stock worth $287,000 after purchasing an additional 815 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Activity at DocuSign

In other DocuSign news, CEO Allan C. Thygesen sold 7,763 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $80.54, for a total value of $625,232.02. Following the transaction, the chief executive officer now owns 100,062 shares of the company’s stock, valued at $8,058,993.48. This trade represents a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Teresa Briggs sold 534 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $94.60, for a total value of $50,516.40. Following the transaction, the director now directly owns 7,736 shares of the company’s stock, valued at $731,825.60. This trade represents a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 685,773 shares of company stock valued at $66,032,726. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DOCU. UBS Group lifted their target price on DocuSign from $60.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $90.00 target price (up previously from $57.00) on shares of DocuSign in a research report on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and set a $124.00 price target on shares of DocuSign in a research report on Tuesday, January 7th. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research report on Tuesday. Finally, Hsbc Global Res upgraded shares of DocuSign to a “moderate sell” rating in a report on Friday, December 6th. Three 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 MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $92.45.

DocuSign Stock Down 3.1 %

Shares of DocuSign stock opened at $93.85 on Friday. The business has a 50-day moving average price of $92.10 and a 200 day moving average price of $73.83. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86. The firm has a market cap of $18.96 billion, a P/E ratio of 19.35, a P/E/G ratio of 8.74 and a beta of 0.89.

About DocuSign

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.