SRS Capital Advisors Inc. Sells 3,556 Shares of DocuSign, Inc. (NASDAQ:DOCU)

SRS Capital Advisors Inc. trimmed its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 81.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 825 shares of the company’s stock after selling 3,556 shares during the period. SRS Capital Advisors Inc.’s holdings in DocuSign were worth $74,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. KBC Group NV increased its stake in shares of DocuSign by 209.8% in the third quarter. KBC Group NV now owns 1,156,874 shares of the company’s stock valued at $71,830,000 after buying an additional 783,419 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in DocuSign by 61.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,673,612 shares of the company’s stock worth $150,525,000 after acquiring an additional 637,505 shares during the last quarter. Fiera Capital Corp acquired a new stake in DocuSign in the 4th quarter valued at about $47,920,000. Principal Financial Group Inc. raised its stake in shares of DocuSign by 3,026.7% in the fourth quarter. Principal Financial Group Inc. now owns 546,796 shares of the company’s stock worth $49,179,000 after acquiring an additional 529,308 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of DocuSign by 42.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,459,580 shares of the company’s stock worth $90,625,000 after purchasing an additional 434,312 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Analyst Ratings Changes

DOCU has been the subject of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a report on Tuesday, February 4th. Jefferies Financial Group raised their target price on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. HSBC reaffirmed a “reduce” rating on shares of DocuSign in a research note on Friday, December 6th. Citigroup lifted their price objective on shares of DocuSign from $87.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $124.00 target price on shares of DocuSign in a research note on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $92.45.

Insider Buying and Selling

In other DocuSign news, Director Teresa Briggs sold 534 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $94.60, for a total transaction of $50,516.40. Following the completion of the transaction, the director now owns 7,736 shares in the company, valued at approximately $731,825.60. This represents a 6.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the sale, the chief financial officer now owns 77,851 shares in the company, valued at approximately $6,765,251.90. This trade represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 686,010 shares of company stock worth $66,102,694 over the last ninety days. Company insiders own 1.66% of the company’s stock.

DocuSign Stock Performance

Shares of DOCU opened at $79.77 on Friday. The firm has a market cap of $16.12 billion, a P/E ratio of 16.45, a PEG ratio of 6.94 and a beta of 1.02. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The firm’s 50 day moving average price is $89.32 and its two-hundred day moving average price is $78.29.

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.