3,298 Shares in DocuSign, Inc. (NASDAQ:DOCU) Purchased by Perpetual Ltd

Perpetual Ltd acquired a new stake in DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,298 shares of the company's stock, valued at approximately $297,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank boosted its stake in DocuSign by 30.3% in the third quarter. Toronto Dominion Bank now owns 26,159 shares of the company's stock valued at $1,624,000 after acquiring an additional 6,081 shares during the last quarter. Inspire Investing LLC bought a new position in DocuSign in the third quarter valued at approximately $911,000. Charles Schwab Investment Management Inc. boosted 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 acquiring an additional 16,014 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of 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 in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of 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 in the last quarter. 77.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DOCU. Royal Bank of Canada reissued a "sector perform" rating and set a $90.00 price target (up from $57.00) on shares of DocuSign in a research report on Friday, December 6th. Piper Sandler lifted their price target on shares of DocuSign from $60.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Hsbc Global Res raised shares of DocuSign to a "moderate sell" rating in a research report on Friday, December 6th. JMP Securities reissued a "market outperform" rating and set a $124.00 price target on shares of DocuSign in a research report on Tuesday, January 7th. Finally, Robert W. Baird raised their price objective on shares of DocuSign from $59.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Three 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 MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $92.45.

DocuSign Price Performance

DOCU stock traded up $1.06 during midday trading on Friday, hitting $91.60. The company's stock had a trading volume of 2,251,473 shares, compared to its average volume of 2,074,008. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The company's fifty day moving average price is $89.51 and its 200 day moving average price is $71.17. The stock has a market capitalization of $18.51 billion, a P/E ratio of 18.89, a PEG ratio of 8.30 and a beta of 0.88.

Insider Transactions at DocuSign

In other news, insider Robert Chatwani sold 14,800 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $97.76, for a total transaction 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. The trade was a 16.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $94.60, for a total transaction of $50,516.40. Following the sale, the director now directly owns 7,736 shares of the company's stock, valued at $731,825.60. The trade was a 6.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 693,537 shares of company stock worth $66,575,817 in the last ninety days. Insiders own 1.66% of the company's stock.

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.