DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by Green Alpha Advisors LLC

Green Alpha Advisors LLC cut its stake in DocuSign, Inc. (NASDAQ:DOCUFree Report) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,596 shares of the company’s stock after selling 1,581 shares during the period. Green Alpha Advisors LLC’s holdings in DocuSign were worth $953,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DOCU. J.W. Cole Advisors Inc. increased its stake in DocuSign by 2.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,946 shares of the company’s stock valued at $493,000 after purchasing an additional 155 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in DocuSign by 0.9% in the third quarter. Resonant Capital Advisors LLC now owns 17,516 shares of the company’s stock valued at $1,088,000 after purchasing an additional 157 shares during the last quarter. Optimist Retirement Group LLC increased its position in shares of DocuSign by 3.8% in the third quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company’s stock valued at $274,000 after buying an additional 161 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of DocuSign by 6.0% in the third quarter. V Square Quantitative Management LLC now owns 3,019 shares of the company’s stock valued at $187,000 after buying an additional 172 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of DocuSign by 5.8% during the 3rd quarter. Covestor Ltd now owns 3,306 shares of the company’s stock worth $205,000 after buying an additional 182 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Hsbc Global Res raised shares of DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research report on Friday, December 6th. Morgan Stanley lifted their price objective on DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $90.00 price target (up from $57.00) on shares of DocuSign in a 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 company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $92.45.

View Our Latest Research Report on DOCU

Insider Buying and Selling at DocuSign

In other news, Director Teresa Briggs sold 534 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $94.60, for a total transaction of $50,516.40. Following the completion of the sale, the director now directly owns 7,736 shares of the company’s stock, valued at $731,825.60. The trade was a 6.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Blake Jeffrey Grayson sold 9,552 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $68.80, for a total value of $657,177.60. Following the completion of the transaction, the chief financial officer now directly owns 78,265 shares in the company, valued at $5,384,632. This trade represents a 10.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 693,089 shares of company stock worth $66,320,395 in the last 90 days. 1.66% of the stock is owned by company insiders.

DocuSign Stock Up 1.0 %

Shares of NASDAQ:DOCU opened at $90.42 on Monday. The business has a fifty day simple moving average of $87.19 and a 200-day simple moving average of $69.09. 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 $18.27 billion, a P/E ratio of 18.64, a P/E/G ratio of 8.70 and a beta of 0.92.

About DocuSign

(Free Report)

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.

See Also

Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

Receive News & Ratings for DocuSign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DocuSign and related companies with MarketBeat.com's FREE daily email newsletter.