Financial Partners Group Inc Has $257,000 Stock Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Financial Partners Group Inc cut its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 18.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,855 shares of the company’s stock after selling 631 shares during the period. Financial Partners Group Inc’s holdings in DocuSign were worth $257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of DocuSign during the third quarter worth $28,000. Brooklyn Investment Group acquired a new position in DocuSign during the third quarter valued at $33,000. Modus Advisors LLC acquired a new position in DocuSign during the fourth quarter valued at $36,000. Reston Wealth Management LLC acquired a new position in DocuSign during the third quarter valued at $47,000. Finally, Avior Wealth Management LLC raised its position 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 buying an additional 145 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DocuSign

In related news, Director Teresa Briggs sold 534 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was 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 owns 7,736 shares in the company, valued at $731,825.60. This represents a 6.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Allan C. Thygesen sold 7,763 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $80.54, for a total value of $625,232.02. Following the sale, the chief executive officer now owns 100,062 shares of the company’s stock, valued at approximately $8,058,993.48. The trade was a 7.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 685,773 shares of company stock worth $66,032,726. 1.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on DOCU. Morgan Stanley upped their price target on DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. JMP Securities reissued a “market outperform” rating and set a $124.00 price target on shares of DocuSign in a research report on Tuesday, January 7th. Piper Sandler upped their price target on DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their target price on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company upped their target price on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $92.45.

DocuSign Stock Performance

DOCU opened at $96.73 on Monday. The company has a market cap of $19.54 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 8.74 and a beta of 0.89. The stock has a 50-day moving average of $91.32 and a 200-day moving average of $72.96. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86.

DocuSign Company 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.