XTX Topco Ltd Has $473,000 Holdings in DocuSign, Inc. (NASDAQ:DOCU)

XTX Topco Ltd lowered its holdings in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 79.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,615 shares of the company's stock after selling 30,244 shares during the period. XTX Topco Ltd's holdings in DocuSign were worth $473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DOCU. iA Global Asset Management Inc. boosted its holdings in shares of DocuSign by 24.5% during the third quarter. iA Global Asset Management Inc. now owns 9,358 shares of the company's stock valued at $581,000 after acquiring an additional 1,842 shares during the period. EP Wealth Advisors LLC acquired a new position in DocuSign during the 3rd quarter valued at about $205,000. Kovitz Investment Group Partners LLC bought a new position in DocuSign in the 3rd quarter worth about $350,000. Virtus Investment Advisers Inc. increased its stake in shares of DocuSign by 19.8% in the third quarter. Virtus Investment Advisers Inc. now owns 21,170 shares of the company's stock valued at $1,314,000 after purchasing an additional 3,500 shares during the period. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of DocuSign during the third quarter valued at approximately $14,110,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DOCU. Morgan Stanley increased their price objective on DocuSign from $62.00 to $97.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Citigroup raised their price target on DocuSign from $87.00 to $113.00 and gave the company a "buy" rating in a report on Friday, December 6th. Jefferies Financial Group lifted their price objective on shares of DocuSign from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Robert W. Baird increased their target price on shares of DocuSign from $59.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company raised their target price on shares of DocuSign from $50.00 to $70.00 and gave the company an "underweight" rating in a research note on Friday, December 6th. Three equities 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $92.45.

Insiders Place Their Bets

In related news, CEO Allan C. Thygesen sold 7,648 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $62.47, for a total transaction of $477,770.56. Following the completion of the sale, the chief executive officer now directly owns 115,589 shares in the company, valued at approximately $7,220,844.83. This trade represents a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert Chatwani sold 14,799 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $55.46, for a total transaction of $820,752.54. Following the transaction, the insider now directly owns 70,748 shares in the company, valued at $3,923,684.08. The trade was a 17.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 651,184 shares of company stock worth $60,878,829. Corporate insiders own 1.66% of the company's stock.

DocuSign Stock Down 0.0 %

Shares of DocuSign stock traded down $0.04 during trading on Friday, hitting $94.48. The stock had a trading volume of 2,691,817 shares, compared to its average volume of 2,985,802. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86. The stock has a 50 day simple moving average of $78.04 and a 200 day simple moving average of $63.38. The company has a market capitalization of $19.09 billion, a PE ratio of 19.48, a P/E/G ratio of 8.72 and a beta of 0.92.

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.