Linden Thomas Advisory Services LLC Acquires 149 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Linden Thomas Advisory Services LLC increased its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,540 shares of the company’s stock after buying an additional 149 shares during the period. Linden Thomas Advisory Services LLC’s holdings in DocuSign were worth $1,218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Modus Advisors LLC bought a new stake in shares of DocuSign during the fourth quarter worth approximately $36,000. Itau Unibanco Holding S.A. acquired a new position in DocuSign during the third quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new position in DocuSign during the third quarter valued at approximately $33,000. Avior Wealth Management LLC grew its holdings in DocuSign by 36.5% during the fourth quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock valued at $49,000 after purchasing an additional 145 shares during the period. Finally, Friedenthal Financial acquired a new position in DocuSign during the fourth quarter valued at approximately $54,000. 77.64% of the stock is owned by institutional investors.

DocuSign Price Performance

Shares of DOCU opened at $91.60 on Friday. The firm has a market capitalization of $18.51 billion, a PE ratio of 18.89, a PEG ratio of 8.30 and a beta of 0.88. The company’s 50-day moving average is $89.76 and its 200-day moving average is $71.43. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86.

Insider Activity

In other DocuSign news, Director Teresa Briggs sold 534 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $94.60, for a total transaction of $50,516.40. Following the sale, the director now directly owns 7,736 shares in the company, valued at $731,825.60. This represents a 6.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Allan C. Thygesen sold 7,763 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $80.54, for a total transaction of $625,232.02. Following the completion of the sale, the chief executive officer now owns 100,062 shares in the company, valued at approximately $8,058,993.48. The trade was a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 693,537 shares of company stock valued at $66,575,817 over the last ninety days. 1.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. HSBC restated a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. Morgan Stanley upped their price target on shares of DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. increased their target price on shares of DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. Piper Sandler increased their target price on shares of DocuSign from $60.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, UBS Group increased their target price on shares of DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, DocuSign presently 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.