Kera Capital Partners Inc. Takes $287,000 Position in DocuSign, Inc. (NASDAQ:DOCU)

Kera Capital Partners Inc. purchased a new position in shares of DocuSign, Inc. (NASDAQ:DOCU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,191 shares of the company’s stock, valued at approximately $287,000.

Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans bought a new stake in shares of DocuSign during the second quarter worth $115,795,000. Pacer Advisors Inc. increased its stake in DocuSign by 77.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company’s stock worth $188,318,000 after buying an additional 1,541,816 shares during the period. KBC Group NV lifted its holdings in DocuSign by 209.8% during the 3rd quarter. KBC Group NV now owns 1,156,874 shares of the company’s stock valued at $71,830,000 after buying an additional 783,419 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in DocuSign by 42.4% in 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 buying an additional 434,312 shares during the period. Finally, International Assets Investment Management LLC grew its stake in DocuSign by 5,660.8% in the 3rd quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock worth $27,252,000 after acquiring an additional 431,295 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Analysts Set New Price Targets

DOCU has been the subject of several research analyst reports. Robert W. Baird lifted their price target on shares of DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd. UBS Group increased their price target on DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a report on Friday, December 6th. Finally, Wells Fargo & Company upped their price objective on shares of DocuSign from $50.00 to $70.00 and gave the stock 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.45.

Insider Buying and Selling

In related news, insider Robert Chatwani sold 14,800 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was 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 in the company, valued at $7,176,952.64. The trade was a 16.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Allan C. Thygesen sold 7,764 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $69.95, for a total value of $543,091.80. Following the transaction, the chief executive officer now directly owns 107,825 shares in the company, valued at $7,542,358.75. This represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 693,537 shares of company stock worth $66,575,817 in the last 90 days. 1.66% of the stock is owned by corporate insiders.

DocuSign Stock Performance

DOCU stock opened at $89.60 on Friday. DocuSign, Inc. has a one year low of $48.70 and a one year high of $107.86. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 8.17 and a beta of 0.88. The firm has a 50-day simple moving average of $88.76 and a two-hundred day simple moving average of $70.27.

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.