DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 633.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,516 shares of the company’s stock after purchasing an additional 85,954 shares during the period. Amalgamated Bank’s holdings in DocuSign were worth $8,950,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DOCU. Kestra Investment Management LLC bought a new stake in shares of DocuSign in the 4th quarter worth $30,000. First Horizon Advisors Inc. grew its holdings in DocuSign by 102.6% during the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock worth $36,000 after acquiring an additional 201 shares during the period. Modus Advisors LLC bought a new stake in DocuSign in the fourth quarter worth about $36,000. Itau Unibanco Holding S.A. bought a new stake in DocuSign in the third quarter worth about $28,000. Finally, Avion Wealth lifted its holdings in DocuSign by 309.2% in the 4th quarter. Avion Wealth now owns 487 shares of the company’s stock valued at $43,000 after acquiring an additional 368 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

DocuSign Trading Down 2.4 %

NASDAQ:DOCU opened at $81.69 on Wednesday. The business’s fifty day moving average price is $91.12 and its 200 day moving average price is $77.29. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 6.94 and a beta of 0.89. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86.

Analysts Set New Price Targets

DOCU has been the topic of a number of research reports. Morgan Stanley boosted 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. JMP Securities restated a “market outperform” rating and issued a $124.00 price target on shares of DocuSign in a research report on Tuesday, January 7th. Citigroup increased their price objective on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Jefferies Financial Group lifted 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. Finally, Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research report on Friday, December 6th. Three research 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, DocuSign currently has an average rating of “Hold” and a consensus target price of $92.45.

Insiders Place Their Bets

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $94.77, for a total transaction of $758,160.00. Following the transaction, the chief financial officer now directly owns 101,439 shares of the company’s stock, valued at $9,613,374.03. This represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Allan C. Thygesen sold 7,763 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $80.54, for a total value of $625,232.02. Following the transaction, the chief executive officer now owns 100,062 shares in the company, valued at approximately $8,058,993.48. This trade represents a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 693,773 shares of company stock valued at $66,727,926 in the last three months. 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.