SG Americas Securities LLC Increases Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

SG Americas Securities LLC lifted its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 866.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,550 shares of the company’s stock after buying an additional 78,488 shares during the quarter. SG Americas Securities LLC’s holdings in DocuSign were worth $7,874,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Modus Advisors LLC purchased a new stake in DocuSign in the fourth quarter worth about $36,000. Itau Unibanco Holding S.A. purchased a new stake in shares of DocuSign in the 3rd quarter worth approximately $28,000. Brooklyn Investment Group bought a new position in DocuSign during the 3rd quarter valued at approximately $33,000. Friedenthal Financial purchased a new position in DocuSign during the fourth quarter valued at $54,000. Finally, Reston Wealth Management LLC bought a new stake in DocuSign in the third quarter worth $47,000. 77.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Teresa Briggs sold 534 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $94.60, for a total value of $50,516.40. Following the transaction, the director now directly owns 7,736 shares of the company’s stock, valued at approximately $731,825.60. This trade represents a 6.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Chatwani sold 14,800 shares of DocuSign stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $97.76, for a total value of $1,446,848.00. Following the transaction, the insider now owns 73,414 shares in the company, valued at $7,176,952.64. This trade represents a 16.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 693,537 shares of company stock valued at $66,575,817. 1.66% of the stock is owned by insiders.

DocuSign Stock Down 1.3 %

DocuSign stock opened at $90.54 on Friday. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86. The company has a market cap of $18.29 billion, a P/E ratio of 18.67, a P/E/G ratio of 8.26 and a beta of 0.88. The business has a 50-day simple moving average of $89.31 and a two-hundred day simple moving average of $71.03.

Analyst Ratings Changes

DOCU has been the topic of several recent analyst reports. Piper Sandler increased their price objective on shares of DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. HSBC reiterated a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. Jefferies Financial Group upped their price objective on DocuSign from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. UBS Group lifted their target price on DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Friday, December 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $92.45.

DocuSign 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.