DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC cut its position in DocuSign, Inc. (NASDAQ:DOCU) by 11.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,981 shares of the company’s stock after selling 2,593 shares during the quarter. Hohimer Wealth Management LLC’s holdings in DocuSign were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DOCU. Toronto Dominion Bank boosted its position in DocuSign by 30.3% in the 3rd quarter. Toronto Dominion Bank now owns 26,159 shares of the company’s stock valued at $1,624,000 after buying an additional 6,081 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of DocuSign by 1.6% in the third quarter. Geode Capital Management LLC now owns 3,483,184 shares of the company’s stock worth $215,789,000 after acquiring an additional 53,554 shares in the last quarter. M&T Bank Corp boosted its holdings in DocuSign by 5.5% in the third quarter. M&T Bank Corp now owns 10,697 shares of the company’s stock valued at $664,000 after purchasing an additional 558 shares during the last quarter. Executive Wealth Management LLC acquired a new stake in DocuSign during the 3rd quarter valued at approximately $2,338,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in DocuSign by 10.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 148,594 shares of the company’s stock worth $9,226,000 after purchasing an additional 13,599 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DocuSign news, CFO Blake Jeffrey Grayson sold 14,036 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $55.47, for a total value of $778,576.92. Following the completion of the transaction, the chief financial officer now owns 87,611 shares in the company, valued at approximately $4,859,782.17. This represents a 13.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Allan C. Thygesen sold 7,648 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $62.47, for a total transaction of $477,770.56. Following the completion of the sale, the chief executive officer now owns 115,589 shares in the company, valued at $7,220,844.83. The trade was a 6.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,596 shares of company stock valued at $4,441,529. Insiders own 1.66% of the company’s stock.

DocuSign Stock Down 6.3 %

Shares of NASDAQ DOCU opened at $95.85 on Wednesday. The firm’s 50-day moving average price is $75.46 and its two-hundred day moving average price is $62.36. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86. The stock has a market capitalization of $19.45 billion, a P/E ratio of 19.76, a P/E/G ratio of 11.08 and a beta of 0.92.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup increased their target price on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research note on Friday, December 6th. Morgan Stanley raised their price objective on shares of DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. upped their target price on shares of DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Finally, Jefferies Financial Group lifted their price target on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Three research 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’s stock. According to MarketBeat, DocuSign presently has an average rating of “Hold” and an average target price of $92.45.

About DocuSign

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.