Swedbank AB Grows Position in DocuSign, Inc. (NASDAQ:DOCU)

Swedbank AB grew its holdings in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 33.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 165,170 shares of the company's stock after acquiring an additional 41,039 shares during the quarter. Swedbank AB owned about 0.08% of DocuSign worth $14,855,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DOCU. Avior Wealth Management LLC raised its holdings in DocuSign by 36.5% during the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company's stock worth $49,000 after purchasing an additional 145 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in DocuSign by 1.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 13,540 shares of the company's stock worth $1,218,000 after acquiring an additional 149 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in DocuSign by 2.0% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,946 shares of the company's stock worth $493,000 after acquiring an additional 155 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in DocuSign by 0.9% in the third quarter. Resonant Capital Advisors LLC now owns 17,516 shares of the company's stock valued at $1,088,000 after acquiring an additional 157 shares during the last quarter. Finally, Optimist Retirement Group LLC boosted its stake in DocuSign by 3.8% in the third quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company's stock valued at $274,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on DOCU shares. Hsbc Global Res raised DocuSign to a "moderate sell" rating in a report on Friday, December 6th. Jefferies Financial Group raised their target price on shares of DocuSign from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada reiterated a "sector perform" rating and issued 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. lifted their price objective 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. Finally, Morgan Stanley increased 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. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $92.45.

DocuSign Trading Down 0.2 %

Shares of NASDAQ:DOCU traded down $0.23 on Monday, reaching $96.50. 2,719,058 shares of the company were exchanged, compared to its average volume of 2,158,718. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86. The company has a 50-day moving average of $91.32 and a 200-day moving average of $73.08. The firm has a market cap of $19.50 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 8.74 and a beta of 0.88.

Insider Buying and Selling

In other news, Director Daniel D. Springer sold 581,588 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $97.04, for a total value of $56,437,299.52. Following the completion of the transaction, the director now directly owns 906,430 shares of the company's stock, valued at $87,959,967.20. The trade was a 39.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Teresa Briggs sold 534 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $94.60, for a total value of $50,516.40. Following the sale, the director now directly owns 7,736 shares in the company, valued at approximately $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 a total of 685,773 shares of company stock worth $66,032,726 in the last quarter. Company insiders own 1.66% of the company's stock.

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.