Avion Wealth Buys 368 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Avion Wealth increased its stake in DocuSign, Inc. (NASDAQ:DOCU) by 309.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 487 shares of the company’s stock after acquiring an additional 368 shares during the period. Avion Wealth’s holdings in DocuSign were worth $43,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DOCU. KBC Group NV lifted its stake in shares of DocuSign by 209.8% in the 3rd quarter. KBC Group NV now owns 1,156,874 shares of the company’s stock valued at $71,830,000 after acquiring an additional 783,419 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in DocuSign by 42.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,459,580 shares of the company’s stock valued at $90,625,000 after purchasing an additional 434,312 shares during the period. International Assets Investment Management LLC increased its holdings in DocuSign by 5,660.8% during the 3rd quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock valued at $27,252,000 after purchasing an additional 431,295 shares during the period. Retirement Systems of Alabama increased its holdings in DocuSign by 219.3% during the 4th quarter. Retirement Systems of Alabama now owns 466,478 shares of the company’s stock valued at $41,955,000 after purchasing an additional 320,383 shares during the period. Finally, FMR LLC increased its holdings in DocuSign by 16.8% during the 3rd quarter. FMR LLC now owns 2,192,885 shares of the company’s stock valued at $136,156,000 after purchasing an additional 315,073 shares during the period. Institutional investors own 77.64% of the company’s stock.

Insider Transactions at DocuSign

In other news, CEO Allan C. Thygesen sold 7,763 shares of the business’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 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 $8,058,993.48. The trade was a 7.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter Solvik sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $91.26, for a total value of $912,600.00. Following the completion of the transaction, the director now directly owns 150,253 shares in the company, valued at $13,712,088.78. This trade represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 685,773 shares of company stock valued at $66,032,726 in the last ninety days. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Hsbc Global Res upgraded DocuSign to a “moderate sell” rating in a report on Friday, December 6th. 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. HSBC restated a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. Piper Sandler boosted their price target on DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, UBS Group boosted their price target on DocuSign from $60.00 to $100.00 and gave the company a “neutral” rating in a report 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $92.45.

DocuSign Stock Down 3.2 %

Shares of DOCU opened at $87.92 on Wednesday. The business’s 50 day moving average price is $92.79 and its 200-day moving average price is $74.72. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The stock has a market cap of $17.76 billion, a P/E ratio of 18.13, a P/E/G ratio of 7.56 and a beta of 0.89.

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.