2,453 Shares in DocuSign, Inc. (NASDAQ:DOCU) Purchased by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. bought a new position in shares of DocuSign, Inc. (NASDAQ:DOCU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,453 shares of the company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Avior Wealth Management LLC grew its position in DocuSign by 36.5% during the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock worth $49,000 after buying an additional 145 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in DocuSign by 1.1% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 13,540 shares of the company’s stock worth $1,218,000 after buying an additional 149 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in DocuSign by 2.0% during the third quarter. J.W. Cole Advisors Inc. now owns 7,946 shares of the company’s stock worth $493,000 after buying an additional 155 shares in the last quarter. Resonant Capital Advisors LLC grew its position in 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 buying an additional 157 shares in the last quarter. Finally, Optimist Retirement Group LLC grew its position in DocuSign by 3.8% during the third quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company’s stock worth $274,000 after buying an additional 161 shares in the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DOCU. Robert W. Baird lifted their price target on DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Citigroup lifted their price target on DocuSign from $87.00 to $113.00 and gave the stock a “buy” rating in a research note 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 note on Tuesday, January 7th. Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company lifted their price target on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, DocuSign presently has an average rating of “Hold” and an average price target of $92.45.

Insider Buying and Selling

In related news, Director Teresa Briggs sold 534 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $94.60, for a total value of $50,516.40. Following the sale, the director now owns 7,736 shares in the company, valued at $731,825.60. This represents a 6.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James P. Shaughnessy sold 7,500 shares of the company’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 completion of the sale, 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 685,773 shares of company stock worth $66,032,726 in the last 90 days. Insiders own 1.66% of the company’s stock.

DocuSign Stock Performance

DOCU stock opened at $90.86 on Tuesday. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86. The business’s 50 day moving average price is $92.58 and its two-hundred day moving average price is $74.47. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 7.56 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.