Proficio Capital Partners LLC Purchases Shares of 52,525 DocuSign, Inc. (NASDAQ:DOCU)

Proficio Capital Partners LLC purchased a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 52,525 shares of the company's stock, valued at approximately $4,724,000.

Several other large investors have also recently bought and sold shares of the business. KBC Group NV grew its stake in DocuSign by 209.8% during the 3rd quarter. KBC Group NV now owns 1,156,874 shares of the company's stock valued at $71,830,000 after acquiring an additional 783,419 shares in the last quarter. Bank of New York Mellon Corp grew its position 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 valued at $150,525,000 after purchasing an additional 637,505 shares in the last quarter. Fiera Capital Corp acquired a new position in DocuSign in the 4th quarter valued at approximately $47,920,000. Principal Financial Group Inc. lifted its position in DocuSign by 3,026.7% in the 4th 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 boosted its stake in shares of DocuSign by 42.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,459,580 shares of the company's stock valued at $90,625,000 after buying an additional 434,312 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DOCU. Citigroup upped their price target on shares of DocuSign from $87.00 to $113.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. JMP Securities reaffirmed a "market outperform" rating and set a $124.00 price target on shares of DocuSign in a research note on Tuesday, January 7th. Robert W. Baird boosted their price target on DocuSign from $59.00 to $100.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of DocuSign in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of DocuSign from $50.00 to $70.00 and gave the company an "underweight" 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. Based on data from MarketBeat, DocuSign currently has an average rating of "Hold" and an average price target of $92.45.

DocuSign Trading Down 3.3 %

DocuSign stock traded down $2.70 on Thursday, reaching $79.66. 79,321 shares of the stock were exchanged, compared to its average volume of 1,978,598. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The firm has a fifty day moving average price of $89.64 and a two-hundred day moving average price of $78.28. The stock has a market cap of $16.09 billion, a PE ratio of 16.41, a PEG ratio of 6.94 and a beta of 1.02.

Insider Transactions at DocuSign

In other DocuSign news, insider Robert Chatwani sold 14,800 shares of DocuSign stock in a transaction that occurred on 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 of the company's stock, valued at $7,176,952.64. The trade was a 16.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the sale, the chief financial officer now directly owns 77,851 shares of the company's stock, valued at $6,765,251.90. This represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 686,010 shares of company stock worth $66,102,694. Company 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.