Sanders Morris Harris LLC Purchases Shares of 2,850 DocuSign, Inc. (NASDAQ:DOCU)

Sanders Morris Harris LLC purchased a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,850 shares of the company’s stock, valued at approximately $256,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its holdings in DocuSign by 2.3% in the 3rd quarter. State Street Corp now owns 5,372,939 shares of the company’s stock worth $333,604,000 after purchasing an additional 120,743 shares during the period. Pacer Advisors Inc. raised its holdings in DocuSign by 77.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company’s stock worth $188,318,000 after purchasing an additional 1,541,816 shares during the period. Geode Capital Management LLC raised its holdings in DocuSign by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,483,184 shares of the company’s stock worth $215,789,000 after purchasing an additional 53,554 shares during the period. Clearbridge Investments LLC raised its holdings in DocuSign by 4.1% in the 2nd quarter. Clearbridge Investments LLC now owns 2,920,842 shares of the company’s stock worth $156,265,000 after purchasing an additional 115,616 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in DocuSign by 5.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,277,312 shares of the company’s stock worth $141,398,000 after purchasing an additional 112,919 shares during the period. 77.64% of the stock is owned by institutional investors.

DocuSign Trading Up 0.0 %

Shares of DocuSign stock traded up $0.03 on Thursday, hitting $91.37. 99,603 shares of the company traded hands, compared to its average volume of 2,023,531. The stock’s 50 day moving average price is $87.95 and its 200-day moving average price is $69.61. 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 $18.46 billion, a PE ratio of 18.84, a PEG ratio of 8.17 and a beta of 0.88.

Insider Activity

In related news, insider James P. Shaughnessy sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $90.17, for a total value of $676,275.00. Following the completion of the transaction, the insider now owns 43,781 shares of the company’s stock, valued at $3,947,732.77. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction 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 transaction, the director now directly owns 7,736 shares in the company, valued at $731,825.60. This represents a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 693,537 shares of company stock valued at $66,575,817. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DOCU shares. 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. UBS Group raised their price target on DocuSign from $60.00 to $100.00 and gave the company a “neutral” rating in a 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 report on Tuesday, January 7th. HSBC reissued 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 set 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 given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $92.45.

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.