SBI Securities Co. Ltd. Takes $882,000 Position in DocuSign, Inc. (NASDAQ:DOCU)

SBI Securities Co. Ltd. purchased a new position in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,802 shares of the company's stock, valued at approximately $882,000.

A number of other large investors have also added to or reduced their stakes in DOCU. Toronto Dominion Bank raised its position in shares of DocuSign by 30.3% in the 3rd quarter. Toronto Dominion Bank now owns 26,159 shares of the company's stock valued at $1,624,000 after buying an additional 6,081 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in DocuSign by 1.2% during 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 purchasing an additional 16,014 shares in the last quarter. Quantinno Capital Management LP lifted its stake in 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 during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of DocuSign by 7.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,296,517 shares of the company's stock valued at $80,501,000 after purchasing an additional 85,987 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of DocuSign by 118.8% in the 4th quarter. Rhumbline Advisers now owns 608,123 shares of the company's stock valued at $54,695,000 after purchasing an additional 330,136 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

DocuSign Stock Down 2.2 %

Shares of DocuSign stock traded down $1.78 during mid-day trading on Thursday, reaching $80.58. 204,109 shares of the stock traded hands, compared to its average volume of 1,980,025. The business has a 50-day moving average of $89.64 and a 200 day moving average of $78.28. The stock has a market capitalization of $16.28 billion, a PE ratio of 16.60, 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.

Analyst Upgrades and Downgrades

Several research firms have commented on DOCU. JMP Securities reiterated a "market outperform" rating and issued a $124.00 target price on shares of DocuSign in a research report on Tuesday, January 7th. Wells Fargo & Company lifted their target price on shares of DocuSign from $50.00 to $70.00 and gave the stock an "underweight" rating in a research report on Friday, December 6th. Citigroup upped their price target on shares of DocuSign from $87.00 to $113.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Morgan Stanley boosted their price objective 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. Finally, HSBC reaffirmed a "reduce" rating on shares of DocuSign in a research report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, DocuSign has an average rating of "Hold" and a consensus target price of $92.45.

Insider Activity

In related news, Director Teresa Briggs sold 534 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $94.60, for a total transaction of $50,516.40. Following the completion of the transaction, the director now owns 7,736 shares of the company's stock, valued at approximately $731,825.60. This trade represents a 6.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James P. Shaughnessy sold 7,500 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $90.17, for a total value of $676,275.00. Following the transaction, the insider now owns 43,781 shares of the company's stock, valued at $3,947,732.77. This trade represents a 14.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 686,010 shares of company stock valued at $66,102,694 in the last 90 days. Company insiders own 1.66% of the company's stock.

DocuSign 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.