MONECO Advisors LLC Purchases Shares of 17,030 DocuSign, Inc. (NASDAQ:DOCU)

MONECO Advisors LLC purchased a new stake in DocuSign, Inc. (NASDAQ:DOCU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,030 shares of the company's stock, valued at approximately $1,532,000.

Several other institutional investors have also made changes to their positions in DOCU. Toronto Dominion Bank increased its stake in DocuSign by 30.3% during the 3rd quarter. Toronto Dominion Bank now owns 26,159 shares of the company's stock worth $1,624,000 after acquiring an additional 6,081 shares during the period. Charles Schwab Investment Management Inc. raised its stake in DocuSign by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company's stock valued at $82,478,000 after purchasing an additional 16,014 shares in the last quarter. International Assets Investment Management LLC lifted its position in DocuSign by 5,660.8% during the third quarter. International Assets Investment Management LLC now owns 438,914 shares of the company's stock worth $27,252,000 after purchasing an additional 431,295 shares during the period. Quantinno Capital Management LP lifted its position in DocuSign by 39.5% during the third quarter. Quantinno Capital Management LP now owns 201,546 shares of the company's stock worth $12,514,000 after purchasing an additional 57,104 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in DocuSign by 7.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,296,517 shares of the company's stock worth $80,501,000 after buying an additional 85,987 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction on Friday, February 14th. The shares were sold at an average price of $86.90, for a total transaction of $695,200.00. Following the transaction, the chief financial officer now owns 77,851 shares in the company, valued at approximately $6,765,251.90. The trade was a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Chatwani sold 14,800 shares of the stock in a transaction on Wednesday, December 18th. The shares were 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 owns 73,414 shares of the company's stock, valued at $7,176,952.64. The trade was a 16.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 693,773 shares of company stock valued at $66,727,926 in the last ninety days. 1.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DOCU shares. Morgan Stanley boosted their target price on shares of DocuSign from $62.00 to $97.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Piper Sandler upped their target price on DocuSign from $60.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of DocuSign in a report on Tuesday, February 4th. Jefferies Financial Group boosted their price target on DocuSign from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Finally, HSBC reaffirmed a "reduce" rating on shares of DocuSign in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $92.45.

DocuSign Stock Performance

Shares of DocuSign stock traded down $1.00 on Thursday, hitting $81.28. The stock had a trading volume of 2,329,970 shares, compared to its average volume of 2,036,217. The stock has a 50 day moving average of $90.91 and a 200 day moving average of $77.33. The firm has a market capitalization of $16.42 billion, a P/E ratio of 16.76, a PEG ratio of 6.94 and a beta of 0.89. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month 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.