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

Linden Thomas Advisory Services LLC increased its stake in DocuSign, Inc. (NASDAQ:DOCU) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,540 shares of the company’s stock after acquiring an additional 149 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in DocuSign were worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Fifth Third Bancorp grew its position in DocuSign by 7,246.7% in the 4th quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $99,000 after purchasing an additional 1,087 shares during the period. DGS Capital Management LLC purchased a new position in DocuSign during the 4th quarter worth $377,000. Exchange Traded Concepts LLC boosted its holdings in DocuSign by 6.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,105 shares of the company’s stock worth $369,000 after acquiring an additional 256 shares during the last quarter. Impact Partnership Wealth LLC boosted its holdings in DocuSign by 5.1% during the 4th quarter. Impact Partnership Wealth LLC now owns 4,596 shares of the company’s stock worth $413,000 after acquiring an additional 223 shares during the last quarter. Finally, Silver Lake Advisory LLC boosted its holdings in DocuSign by 5.1% during the 4th quarter. Silver Lake Advisory LLC now owns 39,547 shares of the company’s stock worth $3,557,000 after acquiring an additional 1,907 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Buying and Selling at DocuSign

In related news, CEO Allan C. Thygesen sold 7,764 shares of DocuSign stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $69.95, for a total transaction of $543,091.80. Following the transaction, the chief executive officer now owns 107,825 shares in the company, valued at approximately $7,542,358.75. This trade represents a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $94.60, for a total value of $50,516.40. Following the transaction, the director now owns 7,736 shares in the company, valued at approximately $731,825.60. The trade was a 6.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 693,537 shares of company stock valued at $66,575,817. Company insiders own 1.66% of the company’s stock.

DocuSign Stock Up 1.2 %

DocuSign stock opened at $91.60 on Friday. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 8.30 and a beta of 0.88. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The business’s 50-day moving average price is $89.76 and its 200 day moving average price is $71.43.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DOCU. UBS Group lifted their price objective on shares of DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a report 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 raised their price target on DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research report on Friday, December 6th. Finally, Robert W. Baird increased their price objective on DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.