Silver Oak Securities Incorporated Invests $196,000 in DocuSign, Inc. (NASDAQ:DOCU)

Silver Oak Securities Incorporated purchased a new stake in DocuSign, Inc. (NASDAQ:DOCU) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,133 shares of the company’s stock, valued at approximately $196,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DOCU. Itau Unibanco Holding S.A. bought a new stake in shares of DocuSign in the 3rd quarter worth about $28,000. Brooklyn Investment Group purchased a new stake in DocuSign in the 3rd quarter worth about $33,000. Modus Advisors LLC bought a new stake in DocuSign in the fourth quarter worth about $36,000. Reston Wealth Management LLC purchased a new position in shares of DocuSign during the third quarter valued at approximately $47,000. Finally, Avior Wealth Management LLC grew its stake in shares of DocuSign by 36.5% during the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock valued at $49,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DOCU shares. JMP Securities reissued a “market outperform” rating and set a $124.00 target price on shares of DocuSign in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price on shares of DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. UBS Group lifted their price target on shares of DocuSign from $60.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Robert W. Baird raised their price objective on DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Piper Sandler increased their price target on DocuSign from $60.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $92.45.

DocuSign Stock Performance

NASDAQ:DOCU opened at $90.48 on Monday. The company’s 50-day simple moving average is $92.58 and its 200-day simple moving average is $74.33. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86. The stock has a market capitalization of $18.28 billion, a P/E ratio of 18.66, a P/E/G ratio of 7.56 and a beta of 0.89.

Insider Activity

In other DocuSign news, Director Teresa Briggs sold 534 shares of the business’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 transaction of $50,516.40. Following the sale, the director now owns 7,736 shares of the company’s stock, valued at approximately $731,825.60. The trade was a 6.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $625,232.02. Following the completion of the transaction, the chief executive officer now directly owns 100,062 shares in the company, valued at approximately $8,058,993.48. The trade was a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 685,773 shares of company stock worth $66,032,726. Insiders own 1.66% of the company’s stock.

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.