Retireful LLC Invests $1.46 Million in DocuSign, Inc. (NASDAQ:DOCU)

Retireful LLC acquired a new stake in DocuSign, Inc. (NASDAQ:DOCU) in the fourth quarter, Holdings Channel reports. The firm acquired 16,224 shares of the company’s stock, valued at approximately $1,459,000.

Several other large investors have also bought and sold shares of the stock. Toronto Dominion Bank boosted its holdings in DocuSign by 30.3% in the third quarter. Toronto Dominion Bank now owns 26,159 shares of the company’s stock valued at $1,624,000 after acquiring an additional 6,081 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of DocuSign in the 3rd quarter worth approximately $911,000. Charles Schwab Investment Management Inc. boosted its stake in shares of DocuSign by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company’s stock valued at $82,478,000 after purchasing an additional 16,014 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of DocuSign by 5,660.8% in 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 last quarter. Finally, Quantinno Capital Management LP increased its position in shares of DocuSign by 39.5% during the third quarter. Quantinno Capital Management LP now owns 201,546 shares of the company’s stock worth $12,514,000 after buying an additional 57,104 shares during the period. 77.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DOCU. Piper Sandler boosted their target price on shares of DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Morgan Stanley upped their target price on DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a 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 report on Friday, December 6th. Finally, Robert W. Baird raised their price objective on shares of DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.45.

Insider Activity at DocuSign

In other DocuSign news, Director Peter Solvik sold 10,000 shares of DocuSign stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $91.26, for a total transaction of $912,600.00. Following the completion of the transaction, the director now owns 150,253 shares of the company’s stock, valued at $13,712,088.78. The trade was a 6.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Allan C. Thygesen sold 7,763 shares of the company’s stock in a transaction dated 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 owns 100,062 shares in the company, 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. In the last ninety days, insiders have sold 693,537 shares of company stock worth $66,575,817. 1.66% of the stock is owned by corporate insiders.

DocuSign Stock Down 0.2 %

NASDAQ DOCU opened at $91.16 on Friday. The company has a market cap of $18.42 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 8.17 and a beta of 0.88. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The firm’s 50-day simple moving average is $88.26 and its two-hundred day simple moving average is $69.77.

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.