Y Intercept Hong Kong Ltd Purchases New Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Y Intercept Hong Kong Ltd bought a new position in DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 47,957 shares of the company's stock, valued at approximately $2,978,000.

Several other large investors have also recently bought and sold shares of DOCU. Diversified Trust Co raised its stake in DocuSign by 17.7% in the second quarter. Diversified Trust Co now owns 13,133 shares of the company's stock valued at $703,000 after purchasing an additional 1,979 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of DocuSign by 55.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,213 shares of the company's stock worth $439,000 after acquiring an additional 2,925 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of DocuSign by 25.7% during the 2nd quarter. V Square Quantitative Management LLC now owns 2,847 shares of the company's stock worth $152,000 after acquiring an additional 582 shares during the last quarter. PGGM Investments grew its position in DocuSign by 36.7% in the second quarter. PGGM Investments now owns 49,812 shares of the company's stock worth $2,665,000 after acquiring an additional 13,379 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft increased its stake in DocuSign by 13.0% in the second quarter. Baader Bank Aktiengesellschaft now owns 17,517 shares of the company's stock valued at $937,000 after acquiring an additional 2,017 shares during the last quarter. 77.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DOCU has been the subject of a number of research reports. Bank of America upped their price objective on DocuSign from $60.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Royal Bank of Canada reiterated a "sector perform" rating and set a $90.00 price target (up from $57.00) on shares of DocuSign in a research report on Friday. JPMorgan Chase & Co. lifted their price target on shares of DocuSign from $50.00 to $70.00 and gave the stock an "underweight" rating in a research note on Tuesday, December 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of DocuSign in a research note on Friday. Finally, UBS Group lifted their target price on shares of DocuSign from $60.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $92.45.

Insider Activity

In other DocuSign news, CFO Blake Jeffrey Grayson sold 14,036 shares of the firm's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $55.47, for a total value of $778,576.92. Following the completion of the sale, the chief financial officer now directly owns 87,611 shares in the company, valued at $4,859,782.17. This trade represents a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Allan C. Thygesen sold 7,763 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was 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 $8,058,993.48. This trade represents a 7.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,596 shares of company stock valued at $4,441,529. Company insiders own 1.66% of the company's stock.

DocuSign Stock Performance

Shares of NASDAQ DOCU traded down $6.41 during trading hours on Tuesday, hitting $95.85. The company's stock had a trading volume of 6,786,668 shares, compared to its average volume of 2,984,491. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The stock has a market cap of $19.45 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 11.08 and a beta of 0.92. The business has a 50-day simple moving average of $75.46 and a 200-day simple moving average of $62.36.

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.