DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. reduced its position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 54.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 778,741 shares of the company's stock after selling 927,719 shares during the quarter. DocuSign comprises about 0.7% of Jupiter Asset Management Ltd.'s portfolio, making the stock its 28th biggest position. Jupiter Asset Management Ltd. owned 0.39% of DocuSign worth $70,040,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in DocuSign by 2.3% in the third quarter. State Street Corp now owns 5,372,939 shares of the company's stock worth $333,604,000 after acquiring an additional 120,743 shares in the last quarter. Geode Capital Management LLC grew its holdings in DocuSign by 1.6% during the third quarter. Geode Capital Management LLC now owns 3,483,184 shares of the company's stock worth $215,789,000 after acquiring an additional 53,554 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of DocuSign by 5.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,277,312 shares of the company's stock valued at $141,398,000 after purchasing an additional 112,919 shares during the period. FMR LLC boosted its stake in shares of DocuSign by 16.8% during the 3rd quarter. FMR LLC now owns 2,192,885 shares of the company's stock worth $136,156,000 after acquiring an additional 315,073 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in DocuSign by 61.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,673,612 shares of the company's stock valued at $150,525,000 after purchasing an additional 637,505 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

DOCU has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on DocuSign from $62.00 to $97.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. JPMorgan Chase & Co. raised DocuSign from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $70.00 to $75.00 in a research note on Monday. Hsbc Global Res raised shares of DocuSign to a "moderate sell" rating in a research report on Friday, December 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $124.00 target price on shares of DocuSign in a research report on Tuesday, January 7th. Finally, Citigroup reiterated a "buy" rating on shares of DocuSign in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, DocuSign presently has an average rating of "Hold" and a consensus target price of $92.91.

DocuSign Stock Performance

Shares of NASDAQ:DOCU traded down $5.43 during trading hours on Thursday, reaching $74.70. The stock had a trading volume of 6,981,265 shares, compared to its average volume of 2,197,298. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 6.94 and a beta of 1.02. The firm's 50 day moving average is $88.06 and its 200-day moving average is $79.04. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86.

Insider Activity

In other news, insider Robert Chatwani sold 14,800 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $97.76, for a total value of $1,446,848.00. Following the completion of the sale, the insider now directly owns 73,414 shares of the company's stock, valued at approximately $7,176,952.64. The trade was a 16.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $86.90, for a total value of $695,200.00. Following the transaction, the chief financial officer now owns 77,851 shares in the company, valued at $6,765,251.90. This represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,422 shares of company stock worth $9,665,394. 1.66% of the stock is currently owned by insiders.

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.