DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its stake in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 79.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,128 shares of the company's stock after selling 53,268 shares during the period. Vontobel Holding Ltd.'s holdings in DocuSign were worth $1,271,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC grew its position in DocuSign by 36.5% during the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company's stock valued at $49,000 after buying an additional 145 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in shares of 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. grew its position in shares of DocuSign by 2.0% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,946 shares of the company's stock valued at $493,000 after acquiring an additional 155 shares during the period. Optimist Retirement Group LLC grew its position in shares of DocuSign by 3.8% during the 3rd 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 during the period. Finally, V Square Quantitative Management LLC increased its stake in shares of DocuSign by 6.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,019 shares of the company's stock valued at $187,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DOCU. JPMorgan Chase & Co. raised their price objective on DocuSign from $50.00 to $70.00 and gave the company an "underweight" rating in a report on Tuesday, December 3rd. Morgan Stanley lifted their price target on shares of DocuSign from $62.00 to $97.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Hsbc Global Res upgraded shares of DocuSign to a "moderate sell" rating in a research report on Friday, December 6th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $90.00 target price (up previously from $57.00) on shares of DocuSign in a research report on Friday, December 6th. Finally, UBS Group upped their price target on shares of DocuSign from $60.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $92.45.

DocuSign Stock Down 2.6 %

Shares of DocuSign stock traded down $2.24 on Friday, hitting $83.96. 1,974,777 shares of the company were exchanged, compared to its average volume of 2,038,158. The company has a 50-day moving average price of $91.94 and a 200 day moving average price of $76.27. The stock has a market capitalization of $16.96 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 6.98 and a beta of 0.89. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86.

Insiders Place Their Bets

In other DocuSign news, insider Robert Chatwani sold 14,800 shares of DocuSign stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $97.76, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James P. Shaughnessy sold 7,500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $90.17, for a total transaction of $676,275.00. Following the completion of the sale, the insider now directly owns 43,781 shares of the company's stock, valued at approximately $3,947,732.77. This trade represents a 14.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 693,773 shares of company stock valued at $66,727,926. 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.