Jones Financial Companies Lllp Buys 6,001 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Jones Financial Companies Lllp grew its stake in DocuSign, Inc. (NASDAQ:DOCU) by 41.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,486 shares of the company’s stock after buying an additional 6,001 shares during the quarter. Jones Financial Companies Lllp’s holdings in DocuSign were worth $1,842,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DOCU. Synergy Financial Group LTD grew its stake in shares of DocuSign by 3.4% during the 4th quarter. Synergy Financial Group LTD now owns 4,241 shares of the company’s stock valued at $381,000 after acquiring an additional 140 shares during the period. Avior Wealth Management LLC boosted its position in shares of DocuSign by 36.5% in the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock worth $49,000 after purchasing an additional 145 shares during the period. Linden Thomas Advisory Services LLC increased its stake in shares of DocuSign by 1.1% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 13,540 shares of the company’s stock worth $1,218,000 after purchasing an additional 149 shares in the last quarter. Optimist Retirement Group LLC raised its position in shares of DocuSign by 3.8% during the 3rd 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. Finally, Covestor Ltd lifted its stake in shares of DocuSign by 5.8% during the 3rd quarter. Covestor Ltd now owns 3,306 shares of the company’s stock valued at $205,000 after buying an additional 182 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Insider Activity at DocuSign

In other DocuSign news, Director Daniel D. Springer sold 581,588 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $97.04, for a total transaction of $56,437,299.52. Following the sale, the director now directly owns 906,430 shares in the company, valued at $87,959,967.20. This represents a 39.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the transaction, the chief financial officer now owns 77,851 shares of the company’s stock, valued at approximately $6,765,251.90. This trade represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 686,010 shares of company stock valued at $66,102,694. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. Hsbc Global Res upgraded DocuSign to a “moderate sell” rating in a research report on Friday, December 6th. UBS Group boosted their price target on DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $90.00 price objective (up from $57.00) on shares of DocuSign in a report on Friday, December 6th. Finally, Piper Sandler lifted their price objective on shares of DocuSign from $60.00 to $90.00 and gave the company 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 issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $92.45.

DocuSign Stock Down 3.1 %

DOCU stock opened at $79.77 on Friday. The company has a fifty day simple moving average of $89.32 and a two-hundred day simple moving average of $78.29. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The firm has a market capitalization of $16.12 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 6.94 and a beta of 1.02.

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.