Janney Montgomery Scott LLC Increases Stock Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Janney Montgomery Scott LLC increased its holdings in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,805 shares of the company's stock after buying an additional 9,859 shares during the period. Janney Montgomery Scott LLC's holdings in DocuSign were worth $3,490,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Toronto Dominion Bank grew its position in shares of DocuSign by 30.3% in the third quarter. Toronto Dominion Bank now owns 26,159 shares of the company's stock valued at $1,624,000 after purchasing an additional 6,081 shares in the last quarter. Inspire Investing LLC purchased a new position in DocuSign during the 3rd quarter valued at about $911,000. Charles Schwab Investment Management Inc. grew its holdings in DocuSign by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company's stock valued at $82,478,000 after buying an additional 16,014 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of DocuSign by 5,660.8% during the third quarter. International Assets Investment Management LLC now owns 438,914 shares of the company's stock valued at $27,252,000 after buying an additional 431,295 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of DocuSign by 39.5% in the third quarter. Quantinno Capital Management LP now owns 201,546 shares of the company's stock worth $12,514,000 after buying an additional 57,104 shares in the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

DocuSign Stock Performance

NASDAQ:DOCU traded down $0.37 during mid-day trading on Monday, reaching $96.36. The stock had a trading volume of 1,592,035 shares, compared to its average volume of 2,099,329. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86. The firm has a 50 day moving average price of $91.32 and a two-hundred day moving average price of $73.08. The stock has a market capitalization of $19.47 billion, a P/E ratio of 19.86, a P/E/G ratio of 8.74 and a beta of 0.88.

Insider Transactions at DocuSign

In other DocuSign news, Director Teresa Briggs sold 534 shares of the business's stock in a transaction on Monday, December 16th. The shares were 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 $731,825.60. The trade was a 6.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel D. Springer sold 581,588 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $97.04, for a total value of $56,437,299.52. Following the transaction, the director now directly owns 906,430 shares in the company, valued at $87,959,967.20. This trade represents a 39.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 685,773 shares of company stock worth $66,032,726. 1.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DOCU shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $90.00 target price (up previously from $57.00) on shares of DocuSign in a report on Friday, December 6th. Piper Sandler increased their price objective on DocuSign from $60.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Robert W. Baird boosted their target price on DocuSign from $59.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Citigroup upped their target price on DocuSign from $87.00 to $113.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company lifted their price target on DocuSign from $50.00 to $70.00 and gave the company an "underweight" rating in a research report on Friday, December 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $92.45.

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.