Retireful LLC Takes $1.46 Million Position in DocuSign, Inc. (NASDAQ:DOCU)

Retireful LLC purchased a new position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,224 shares of the company's stock, valued at approximately $1,459,000.

Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new position in shares of DocuSign during the 2nd quarter worth approximately $115,795,000. Pacer Advisors Inc. lifted its position in DocuSign by 77.9% during the second quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company's stock worth $188,318,000 after buying an additional 1,541,816 shares in the last quarter. KBC Group NV boosted its stake 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 during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in DocuSign by 151.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 865,872 shares of the company's stock valued at $46,324,000 after buying an additional 521,292 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in DocuSign by 42.4% in 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 in the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.

Insider Buying and Selling

In other DocuSign news, CFO Blake Jeffrey Grayson sold 15,588 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $97.78, for a total value of $1,524,194.64. Following the completion of the transaction, the chief financial officer now owns 85,851 shares of the company's stock, valued at $8,394,510.78. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Allan C. Thygesen sold 7,764 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $69.95, for a total value of $543,091.80. Following the sale, the chief executive officer now directly owns 107,825 shares in the company, valued at $7,542,358.75. This represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 693,537 shares of company stock valued at $66,575,817. Corporate insiders own 1.66% of the company's stock.

Analysts Set New Price Targets

DOCU has been the topic of several analyst reports. JMP Securities reiterated a "market outperform" rating and set a $124.00 price target on shares of DocuSign in a report on Tuesday, January 7th. Morgan Stanley lifted their target price on shares of DocuSign from $62.00 to $97.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Needham & Company LLC reissued a "hold" rating on shares of DocuSign in a research note on Friday, December 6th. Jefferies Financial Group raised their price target on shares of DocuSign from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Finally, Piper Sandler upped their price objective on DocuSign from $60.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, DocuSign has a consensus rating of "Hold" and a consensus target price of $92.45.

DocuSign Stock Performance

Shares of DOCU traded down $1.56 during midday trading on Friday, hitting $89.60. 2,379,686 shares of the stock were exchanged, compared to its average volume of 2,200,838. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86. The stock has a fifty day simple moving average of $88.76 and a 200 day simple moving average of $70.15. The firm has a market cap of $18.10 billion, a P/E ratio of 18.47, a P/E/G ratio of 8.17 and a beta of 0.88.

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.