Oppenheimer Asset Management Inc. Has $807,000 Stock Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Oppenheimer Asset Management Inc. increased its holdings in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 64.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,976 shares of the company's stock after acquiring an additional 3,534 shares during the period. Oppenheimer Asset Management Inc.'s holdings in DocuSign were worth $807,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DOCU. Kovack Advisors Inc. acquired a new stake in shares of DocuSign during the fourth quarter worth approximately $207,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in DocuSign in the 4th quarter worth approximately $234,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of DocuSign by 2.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 82,100 shares of the company's stock valued at $7,384,000 after buying an additional 1,700 shares during the period. K.J. Harrison & Partners Inc purchased a new position in shares of DocuSign during the 4th quarter valued at $271,000. Finally, Nwam LLC acquired a new position in shares of DocuSign in the fourth quarter worth $222,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. HSBC reissued a "reduce" rating on shares of DocuSign in a research report on Friday, December 6th. Citigroup lifted their price target on DocuSign from $87.00 to $113.00 and gave the company a "buy" rating in a report on Friday, December 6th. Robert W. Baird increased their price objective on DocuSign from $59.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Jefferies Financial Group lifted their target price on shares of DocuSign from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC reissued a "hold" rating on shares of DocuSign in a research report on Tuesday, February 4th. 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $92.45.

Insider Transactions at DocuSign

In related news, CFO Blake Jeffrey Grayson sold 8,000 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $86.90, for a total transaction of $695,200.00. Following the transaction, the chief financial officer now directly owns 77,851 shares in the company, valued at $6,765,251.90. The trade was a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel D. Springer sold 581,588 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $97.04, for a total value of $56,437,299.52. Following the completion of the sale, the director now owns 906,430 shares of the company's stock, valued at $87,959,967.20. This represents a 39.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 686,010 shares of company stock worth $66,102,694 over the last three months. 1.66% of the stock is currently owned by insiders.

DocuSign Stock Performance

Shares of NASDAQ:DOCU traded down $3.44 during midday trading on Thursday, hitting $78.92. The company's stock had a trading volume of 1,472,475 shares, compared to its average volume of 2,008,068. The stock's 50 day simple moving average is $89.64 and its 200 day simple moving average is $78.28. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 6.94 and a beta of 1.02. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86.

About DocuSign

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.