DocuSign, Inc. (NASDAQ:DOCU) Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 866.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 87,550 shares of the company's stock after acquiring an additional 78,488 shares during the period. SG Americas Securities LLC's holdings in DocuSign were worth $7,874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new position in DocuSign during the 3rd quarter worth approximately $28,000. Brooklyn Investment Group acquired a new position in shares of DocuSign in the 3rd quarter valued at approximately $33,000. Modus Advisors LLC bought a new stake in shares of DocuSign in the fourth quarter worth $36,000. Reston Wealth Management LLC bought a new position in DocuSign during the 3rd quarter valued at $47,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in DocuSign during the 3rd quarter worth $51,000. 77.64% of the stock is owned by institutional investors and hedge funds.

DocuSign Stock Performance

Shares of DOCU traded up $0.87 during mid-day trading on Friday, reaching $91.41. 1,343,629 shares of the company's stock traded hands, compared to its average volume of 2,010,749. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The stock has a market capitalization of $18.47 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 8.30 and a beta of 0.88. The business's 50-day moving average price is $89.51 and its 200-day moving average price is $71.17.

Insider Transactions at DocuSign

In other DocuSign news, Director Peter Solvik sold 10,000 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $91.26, for a total transaction of $912,600.00. Following the transaction, the director now owns 150,253 shares of the company's stock, valued at approximately $13,712,088.78. This trade represents a 6.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Allan C. Thygesen sold 7,763 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $80.54, for a total transaction of $625,232.02. Following the completion of the sale, the chief executive officer now directly owns 100,062 shares of the company's stock, valued at approximately $8,058,993.48. This represents a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 693,537 shares of company stock valued at $66,575,817. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $90.00 price target (up previously from $57.00) on shares of DocuSign in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their target price on DocuSign from $50.00 to $70.00 and gave the stock an "underweight" rating in a report on Tuesday, December 3rd. Morgan Stanley boosted their price target on DocuSign from $62.00 to $97.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $124.00 price objective on shares of DocuSign in a report on Tuesday, January 7th. Finally, UBS Group increased their target price on shares of DocuSign from $60.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $92.45.

DocuSign Company 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.