13,486 Shares in Docusign Inc. $DOCU Bought by Caprock Group LLC

Caprock Group LLC bought a new stake in shares of Docusign Inc. (NASDAQ:DOCU) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 13,486 shares of the company’s stock, valued at approximately $1,034,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Docusign during the 2nd quarter worth $140,987,000. Third Point LLC purchased a new stake in shares of Docusign during the second quarter worth about $48,681,000. Jupiter Asset Management Ltd. lifted its stake in shares of Docusign by 88.3% in the second quarter. Jupiter Asset Management Ltd. now owns 1,316,440 shares of the company’s stock worth $102,538,000 after acquiring an additional 617,200 shares in the last quarter. Alliancebernstein L.P. grew its stake in Docusign by 132.8% during the 2nd quarter. Alliancebernstein L.P. now owns 868,531 shares of the company’s stock valued at $67,650,000 after purchasing an additional 495,380 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Docusign during the 2nd quarter valued at approximately $32,294,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Transactions at Docusign

In other news, CFO Blake Jeffrey Grayson sold 9,515 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $68.33, for a total transaction of $650,159.95. Following the completion of the transaction, the chief financial officer directly owned 118,213 shares of the company’s stock, valued at $8,077,494.29. This trade represents a 7.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Allan C. Thygesen sold 26,250 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $69.60, for a total value of $1,827,000.00. Following the sale, the chief executive officer owned 142,261 shares of the company’s stock, valued at approximately $9,901,365.60. This represents a 15.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 78,292 shares of company stock valued at $5,374,260. 1.66% of the stock is currently owned by company insiders.

Docusign Stock Up 2.5%

Docusign stock opened at $44.82 on Monday. The business’s 50-day simple moving average is $61.01 and its 200 day simple moving average is $68.55. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 1.96 and a beta of 1.01. Docusign Inc. has a 12-month low of $41.53 and a 12-month high of $94.67.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank Of Canada reduced their target price on Docusign from $95.00 to $70.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. JPMorgan Chase & Co. dropped their target price on shares of Docusign from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. BTIG Research assumed coverage on Docusign in a research note on Tuesday, December 16th. They set a “buy” rating and a $88.00 price objective on the stock. HSBC set a $53.00 target price on shares of Docusign in a report on Friday. Finally, Wells Fargo & Company dropped their price objective on shares of Docusign from $85.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, December 5th. Six analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $84.00.

Docusign Profile

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.