Kestra Advisory Services LLC cut its stake in DocuSign, Inc. (NASDAQ:DOCU – Get Rating) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,491 shares of the company’s stock after selling 2,174 shares during the period. Kestra Advisory Services LLC’s holdings in DocuSign were worth $2,410,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in DOCU. Evermay Wealth Management LLC bought a new stake in DocuSign in the fourth quarter valued at approximately $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in DocuSign by 440.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 270 shares of the company’s stock valued at $28,000 after acquiring an additional 220 shares during the last quarter. Whittier Trust Co. bought a new stake in DocuSign in the third quarter valued at approximately $30,000. Beacon Capital Management LLC boosted its holdings in DocuSign by 6,150.0% in the fourth quarter. Beacon Capital Management LLC now owns 625 shares of the company’s stock valued at $35,000 after acquiring an additional 615 shares during the last quarter. Finally, Performa Ltd US LLC boosted its holdings in DocuSign by 86.7% in the third quarter. Performa Ltd US LLC now owns 700 shares of the company’s stock valued at $37,000 after acquiring an additional 325 shares during the last quarter. 76.18% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
DOCU has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on DocuSign from $65.00 to $60.00 in a report on Friday, March 10th. Jefferies Financial Group increased their price target on DocuSign from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, March 7th. JPMorgan Chase & Co. cut DocuSign from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $58.00 to $48.00 in a report on Friday, March 10th. JMP Securities restated a “market outperform” rating and set a $84.00 price target on shares of DocuSign in a report on Friday, March 10th. Finally, Wolfe Research upgraded DocuSign from an “underperform” rating to a “peer perform” rating in a report on Thursday, February 23rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, DocuSign presently has an average rating of “Hold” and a consensus price target of $62.93.
Insider Activity at DocuSign
DocuSign Stock Down 0.4 %
Shares of DOCU opened at $53.05 on Thursday. DocuSign, Inc. has a 12-month low of $39.57 and a 12-month high of $101.87. The business’s fifty day moving average is $58.88 and its 200 day moving average is $54.31. The stock has a market cap of $10.71 billion, a P/E ratio of -108.26, a P/E/G ratio of 15.85 and a beta of 0.99.
About DocuSign
DocuSign, Inc provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions including identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage.
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