12,172 Shares in DocuSign, Inc. (NASDAQ:DOCU) Acquired by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. bought a new position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,172 shares of the company's stock, valued at approximately $1,095,000.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of DocuSign by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 610,728 shares of the company's stock valued at $32,671,000 after acquiring an additional 75,133 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in DocuSign by 2.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,080 shares of the company's stock valued at $539,000 after acquiring an additional 286 shares during the last quarter. Sei Investments Co. increased its position in shares of DocuSign by 16.4% during the second quarter. Sei Investments Co. now owns 22,341 shares of the company's stock worth $1,195,000 after purchasing an additional 3,141 shares in the last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of DocuSign by 15.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 134,837 shares of the company's stock valued at $7,214,000 after purchasing an additional 18,415 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of DocuSign by 20.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company's stock valued at $86,000 after purchasing an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.

Analysts Set New Price Targets

DOCU has been the topic of several research analyst reports. UBS Group lifted their price target on DocuSign from $60.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of DocuSign in a research report on Friday, December 6th. JMP Securities reissued a "market outperform" rating and issued a $124.00 price objective on shares of DocuSign in a research note on Tuesday, January 7th. Robert W. Baird raised their target price on shares of DocuSign from $59.00 to $100.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group boosted their price target on shares of DocuSign from $80.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. 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's stock. According to MarketBeat, DocuSign has a consensus rating of "Hold" and an average price target of $92.45.

Insider Transactions at DocuSign

In related news, Director Peter Solvik sold 10,000 shares of DocuSign stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $91.26, for a total transaction of $912,600.00. Following the completion of the transaction, the director now directly owns 150,253 shares in the company, valued at $13,712,088.78. The trade was a 6.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Allan C. Thygesen sold 7,763 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $80.54, for a total value of $625,232.02. Following the sale, the chief executive officer now owns 100,062 shares in the company, valued at approximately $8,058,993.48. This trade represents a 7.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 693,537 shares of company stock valued at $66,575,817 in the last 90 days. 1.66% of the stock is currently owned by insiders.

DocuSign Price Performance

DOCU traded up $1.06 during trading on Friday, reaching $91.60. 2,251,473 shares of the stock were exchanged, compared to its average volume of 2,074,008. The company has a market capitalization of $18.51 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 8.30 and a beta of 0.88. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86. The business's 50 day moving average price is $89.51 and its two-hundred day moving average price is $71.17.

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.