Swedbank AB Has $14.86 Million Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

Swedbank AB boosted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 33.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 165,170 shares of the company’s stock after buying an additional 41,039 shares during the period. Swedbank AB owned about 0.08% of DocuSign worth $14,855,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of DocuSign in the 3rd quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new stake in shares of DocuSign in the third quarter valued at $33,000. Modus Advisors LLC acquired a new stake in shares of DocuSign in the fourth quarter worth $36,000. Reston Wealth Management LLC purchased a new position in shares of DocuSign during the third quarter valued at $47,000. Finally, Avior Wealth Management LLC lifted its stake in DocuSign by 36.5% in the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock worth $49,000 after acquiring an additional 145 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

DocuSign Trading Up 0.9 %

NASDAQ DOCU opened at $96.73 on Friday. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86. The company has a fifty day simple moving average of $91.05 and a 200 day simple moving average of $72.58. The company has a market cap of $19.54 billion, a P/E ratio of 19.94, a P/E/G ratio of 8.63 and a beta of 0.88.

Insider Buying and Selling at DocuSign

In related 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 transaction, the director now owns 7,736 shares of the company’s stock, valued at approximately $731,825.60. The trade was a 6.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter Solvik sold 10,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $91.26, for a total transaction of $912,600.00. Following the completion of the sale, the director now directly owns 150,253 shares of the company’s stock, valued at approximately $13,712,088.78. This trade represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 685,773 shares of company stock worth $66,032,726 over the last ninety days. Company insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $124.00 target price on shares of DocuSign in a report on Tuesday, January 7th. Robert W. Baird increased their target price on shares of DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley boosted 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. Citigroup lifted their price objective on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group upped their target price on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.