Mn Services Vermogensbeheer B.V. Buys 1,700 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Mn Services Vermogensbeheer B.V. boosted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 2.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 82,100 shares of the company’s stock after acquiring an additional 1,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in DocuSign were worth $7,384,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Synergy Financial Group LTD increased its stake in DocuSign by 3.4% during the 4th quarter. Synergy Financial Group LTD now owns 4,241 shares of the company’s stock worth $381,000 after acquiring an additional 140 shares during the period. Avior Wealth Management LLC increased its stake in shares of DocuSign by 36.5% in the 4th quarter. Avior Wealth Management LLC now owns 542 shares of the company’s stock valued at $49,000 after purchasing an additional 145 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of DocuSign by 1.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 13,540 shares of the company’s stock valued at $1,218,000 after purchasing an additional 149 shares during the last quarter. Optimist Retirement Group LLC increased its stake in shares of DocuSign by 3.8% in the 3rd quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company’s stock valued at $274,000 after purchasing an additional 161 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of DocuSign by 5.8% in the 3rd quarter. Covestor Ltd now owns 3,306 shares of the company’s stock valued at $205,000 after purchasing an additional 182 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Insiders Place Their Bets

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $86.90, for a total transaction of $695,200.00. Following the transaction, the chief financial officer now directly owns 77,851 shares of the company’s stock, valued at approximately $6,765,251.90. The trade was a 9.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Allan C. Thygesen sold 7,763 shares of DocuSign stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $80.54, for a total value of $625,232.02. Following the transaction, the chief executive officer now directly owns 100,062 shares in the company, valued at $8,058,993.48. The trade was a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 693,773 shares of company stock valued at $66,727,926. 1.66% of the stock is currently owned by company insiders.

DocuSign Trading Up 2.3 %

Shares of DOCU opened at $83.17 on Friday. The company has a market capitalization of $16.80 billion, a PE ratio of 17.15, a PEG ratio of 6.94 and a beta of 0.89. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The stock’s 50-day moving average price is $90.43 and its two-hundred day moving average price is $77.57.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DOCU. HSBC reiterated a “reduce” rating on shares of DocuSign in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Morgan Stanley lifted their price target on DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $90.00 price target (up previously from $57.00) on shares of DocuSign in a research note on Friday, December 6th. Finally, Citigroup raised their price objective on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a report on Friday, December 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DocuSign currently has a consensus rating of “Hold” and a consensus 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.