Kera Capital Partners Inc. Makes New Investment in DocuSign, Inc. (NASDAQ:DOCU)

Kera Capital Partners Inc. acquired a new stake in DocuSign, Inc. (NASDAQ:DOCU) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,191 shares of the company’s stock, valued at approximately $287,000.

Several other institutional investors have also recently modified their holdings of DOCU. Thrivent Financial for Lutherans purchased a new stake in DocuSign in the second quarter valued at approximately $115,795,000. Pacer Advisors Inc. lifted its stake in DocuSign by 77.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company’s stock valued at $188,318,000 after acquiring an additional 1,541,816 shares during the period. KBC Group NV lifted its stake in DocuSign by 209.8% during the 3rd quarter. KBC Group NV now owns 1,156,874 shares of the company’s stock valued at $71,830,000 after acquiring an additional 783,419 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of DocuSign by 42.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,459,580 shares of the company’s stock valued at $90,625,000 after acquiring an additional 434,312 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of DocuSign by 5,660.8% in the third quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock worth $27,252,000 after acquiring an additional 431,295 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Peter Solvik sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $91.26, for a total value of $912,600.00. Following the completion of the sale, the director now directly owns 150,253 shares in the company, valued at $13,712,088.78. This represents a 6.24 % decrease in their ownership of the stock. 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 7,764 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $69.95, for a total value of $543,091.80. Following the completion of the sale, the chief executive officer now directly owns 107,825 shares of the company’s stock, valued at approximately $7,542,358.75. This represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 693,537 shares of company stock worth $66,575,817 over the last three months. Insiders own 1.66% of the company’s stock.

DocuSign Stock Performance

Shares of DOCU opened at $89.60 on Friday. The stock has a 50 day moving average price of $88.76 and a 200 day moving average price of $70.27. The stock has a market capitalization of $18.10 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 8.17 and a beta of 0.88. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DOCU shares. Citigroup boosted their target price on shares of DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Morgan Stanley boosted their price objective on DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. 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. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research report on Friday, December 6th. Finally, UBS Group upped their price objective on DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Three investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $92.45.

DocuSign 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.