12,406 Shares in DocuSign, Inc. (NASDAQ:DOCU) Purchased by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC bought a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 12,406 shares of the company’s stock, valued at approximately $1,116,000.

Other hedge funds also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in DocuSign in the third quarter valued at about $28,000. Brooklyn Investment Group acquired a new position in shares of DocuSign during the 3rd quarter worth about $33,000. Modus Advisors LLC bought a new stake in shares of DocuSign in the 4th quarter valued at about $36,000. Reston Wealth Management LLC acquired a new stake in shares of DocuSign in the 3rd quarter valued at approximately $47,000. Finally, Avior Wealth Management LLC boosted its stake in DocuSign by 36.5% during the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock worth $49,000 after acquiring an additional 145 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

DOCU has been the topic of several analyst reports. Morgan Stanley increased their target price on shares of DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. UBS Group boosted their target price on DocuSign from $60.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Piper Sandler raised 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. Finally, Wells Fargo & Company lifted their price objective on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DocuSign currently has a consensus rating of “Hold” and a consensus target price of $92.45.

DocuSign Stock Down 3.1 %

Shares of DOCU opened at $93.85 on Friday. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The stock has a market capitalization 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. The company has a 50 day moving average of $92.10 and a 200-day moving average of $73.83.

Insider Buying and Selling

In related news, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $90.17, for a total transaction of $676,275.00. Following the sale, the insider now owns 43,781 shares in the company, valued at approximately $3,947,732.77. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Allan C. Thygesen sold 7,763 shares of the firm’s stock in a transaction that occurred 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 owns 100,062 shares of the company’s stock, valued at approximately $8,058,993.48. This represents a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 685,773 shares of company stock worth $66,032,726. 1.66% of the stock is owned by insiders.

DocuSign Company 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.