International Assets Investment Management LLC Sells 434,397 Shares of DocuSign, Inc. (NASDAQ:DOCU)

International Assets Investment Management LLC decreased its position in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 99.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,517 shares of the company's stock after selling 434,397 shares during the period. International Assets Investment Management LLC's holdings in DocuSign were worth $408,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. J.W. Cole Advisors Inc. grew its stake in DocuSign by 2.0% in the third quarter. J.W. Cole Advisors Inc. now owns 7,946 shares of the company's stock valued at $493,000 after purchasing an additional 155 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of DocuSign by 0.9% in the 3rd quarter. Resonant Capital Advisors LLC now owns 17,516 shares of the company's stock valued at $1,088,000 after purchasing an additional 157 shares during the period. Optimist Retirement Group LLC lifted its stake in DocuSign by 3.8% in the 3rd quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company's stock valued at $274,000 after purchasing an additional 161 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in DocuSign by 6.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,019 shares of the company's stock valued at $187,000 after purchasing an additional 172 shares during the last quarter. Finally, Covestor Ltd grew its holdings in DocuSign by 5.8% during the third quarter. Covestor Ltd now owns 3,306 shares of the company's stock worth $205,000 after purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 77.64% of the company's stock.

Insider Transactions at DocuSign

In related news, Director Teresa Briggs sold 534 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $94.60, for a total value of $50,516.40. Following the completion of the sale, the director now directly owns 7,736 shares of the company's stock, valued at approximately $731,825.60. This represents a 6.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Blake Jeffrey Grayson sold 9,552 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $68.80, for a total value of $657,177.60. Following the completion of the transaction, the chief financial officer now directly owns 78,265 shares in the company, valued at approximately $5,384,632. This represents a 10.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 693,089 shares of company stock valued at $66,320,395 in the last quarter. 1.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DOCU has been the topic of a number of research reports. Morgan Stanley upped their price target on shares of DocuSign from $62.00 to $97.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. 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. Needham & Company LLC reaffirmed a "hold" 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 company a "buy" rating in a research note on Friday, December 6th. Finally, UBS Group upped their price objective on shares of 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. According to data from MarketBeat, DocuSign presently has an average rating of "Hold" and a consensus target price of $92.45.

DocuSign Trading Up 1.0 %

DOCU stock traded up $0.91 during midday trading on Friday, hitting $90.42. The stock had a trading volume of 3,727,204 shares, compared to its average volume of 3,947,047. The firm has a market cap of $18.27 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 8.70 and a beta of 0.92. The business has a fifty day moving average price of $87.19 and a two-hundred day moving average price of $69.09. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86.

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.