Kera Capital Partners Inc. Buys Shares of 3,191 DocuSign, Inc. (NASDAQ:DOCU)

Kera Capital Partners Inc. acquired a new position in DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,191 shares of the company's stock, valued at approximately $287,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in DocuSign by 2.3% during the 3rd quarter. State Street Corp now owns 5,372,939 shares of the company's stock worth $333,604,000 after purchasing an additional 120,743 shares during the period. Pacer Advisors Inc. boosted its stake in shares of DocuSign by 77.9% in the second quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company's stock worth $188,318,000 after buying an additional 1,541,816 shares during 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. Clearbridge Investments LLC raised its position in DocuSign by 4.1% during the second quarter. Clearbridge Investments LLC now owns 2,920,842 shares of the company's stock valued at $156,265,000 after acquiring an additional 115,616 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in DocuSign by 5.2% in the third quarter. Thrivent Financial for Lutherans now owns 2,277,312 shares of the company's stock valued at $141,398,000 after acquiring an additional 112,919 shares during the period. Hedge funds and other institutional investors own 77.64% of the company's stock.

Insider Activity

In related news, Director Peter Solvik sold 10,000 shares of the company's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $91.26, for a total value of $912,600.00. Following the completion of the sale, the director now owns 150,253 shares of the company's stock, valued at approximately $13,712,088.78. This represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Allan C. Thygesen sold 7,764 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $69.95, for a total transaction of $543,091.80. Following the sale, the chief executive officer now owns 107,825 shares of the company's stock, valued at approximately $7,542,358.75. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 693,537 shares of company stock worth $66,575,817 over the last three months. Insiders own 1.66% of the company's stock.

DocuSign Price Performance

NASDAQ DOCU traded down $1.56 during mid-day trading on Friday, hitting $89.60. The stock had a trading volume of 2,379,686 shares, compared to its average volume of 2,651,414. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The firm's 50 day moving average is $88.76 and its 200 day moving average is $70.38. The stock has a market capitalization of $18.10 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 8.17 and a beta of 0.88.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DOCU shares. Wells Fargo & Company lifted their target price on shares of DocuSign from $50.00 to $70.00 and gave the company an "underweight" rating in a report on Friday, December 6th. Hsbc Global Res upgraded shares of DocuSign to a "moderate sell" rating in a research report on Friday, December 6th. Morgan Stanley raised their target price on DocuSign from $62.00 to $97.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of DocuSign in a report on Friday, December 6th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $90.00 price target (up previously from $57.00) on shares of DocuSign in a research report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, DocuSign 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.