Mutual of America Capital Management LLC Buys New Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Mutual of America Capital Management LLC acquired a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 107,220 shares of the company's stock, valued at approximately $9,643,000. Mutual of America Capital Management LLC owned approximately 0.05% of DocuSign as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV grew its holdings in DocuSign by 209.8% during the third quarter. KBC Group NV now owns 1,156,874 shares of the company's stock worth $71,830,000 after buying an additional 783,419 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in DocuSign by 61.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,673,612 shares of the company's stock worth $150,525,000 after buying an additional 637,505 shares in the last quarter. Fiera Capital Corp bought a new stake in DocuSign during the fourth quarter worth $47,920,000. Principal Financial Group Inc. grew its holdings in DocuSign by 3,026.7% during the fourth quarter. Principal Financial Group Inc. now owns 546,796 shares of the company's stock worth $49,179,000 after buying an additional 529,308 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in DocuSign by 42.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,459,580 shares of the company's stock worth $90,625,000 after buying an additional 434,312 shares in the last quarter. Institutional investors own 77.64% of the company's stock.

DocuSign Stock Down 1.8 %

Shares of NASDAQ:DOCU traded down $1.47 during midday trading on Monday, reaching $81.70. 1,577,965 shares of the company traded hands, compared to its average volume of 2,031,790. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The firm has a market capitalization of $16.51 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 6.94 and a beta of 0.89. The firm's fifty day moving average price is $90.14 and its two-hundred day moving average price is $78.07.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DOCU shares. Morgan Stanley upped their price target on DocuSign from $62.00 to $97.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Robert W. Baird boosted their price objective on DocuSign from $59.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Wells Fargo & Company boosted their price objective on DocuSign from $50.00 to $70.00 and gave the stock an "underweight" rating in a research report on Friday, December 6th. Citigroup boosted their price objective on DocuSign from $87.00 to $113.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group boosted their price objective on DocuSign from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, DocuSign currently has an average rating of "Hold" and a consensus target price of $92.45.

Insiders Place Their Bets

In other DocuSign news, insider Robert Chatwani sold 14,800 shares of the company'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 transaction, the insider now directly owns 73,414 shares in the company, valued at $7,176,952.64. This represents a 16.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction dated Friday, February 14th. The shares were 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 trade represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 686,010 shares of company stock worth $66,102,694 in the last ninety days. 1.66% of the stock is currently owned by insiders.

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.