DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 102.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 397 shares of the company’s stock after purchasing an additional 201 shares during the quarter. First Horizon Advisors Inc.’s holdings in DocuSign were worth $36,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DOCU. Creative Planning boosted its position in DocuSign by 5.6% during the 3rd quarter. Creative Planning now owns 14,453 shares of the company’s stock valued at $897,000 after purchasing an additional 766 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in DocuSign by 13.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,466 shares of the company’s stock valued at $214,000 after purchasing an additional 413 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in DocuSign by 77.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,603 shares of the company’s stock valued at $907,000 after purchasing an additional 6,390 shares during the period. J.W. Cole Advisors Inc. boosted its position in 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 purchasing an additional 155 shares during the period. Finally, Nisa Investment Advisors LLC acquired a new position in DocuSign during the 3rd quarter valued at approximately $1,503,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Transactions at DocuSign

In other news, Director Teresa Briggs sold 534 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $94.60, for a total transaction of $50,516.40. Following the completion of the sale, the director now directly owns 7,736 shares of the company’s stock, valued at $731,825.60. This represents a 6.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Allan C. Thygesen sold 7,763 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $80.54, for a total value of $625,232.02. Following 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. Insiders have sold 693,773 shares of company stock valued at $66,727,926 over the last three months. Company insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research report on Tuesday, February 4th. HSBC reaffirmed a “reduce” rating on shares of DocuSign in a research note on Friday, December 6th. UBS Group lifted their target price on DocuSign from $60.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $90.00 target price (up previously from $57.00) on shares of DocuSign in a research note on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, DocuSign currently has an average rating of “Hold” and an average price target of $92.45.

DocuSign Stock Performance

DOCU opened at $81.28 on Friday. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86. The stock’s fifty day moving average is $90.65 and its 200-day moving average is $77.36. The company has a market capitalization of $16.42 billion, a PE ratio of 16.76, a P/E/G ratio of 6.94 and a beta of 0.89.

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.