Aaron Wealth Advisors LLC Buys 606 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Aaron Wealth Advisors LLC boosted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,940 shares of the company’s stock after buying an additional 606 shares during the period. Aaron Wealth Advisors LLC’s holdings in DocuSign were worth $444,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Kera Capital Partners Inc. purchased a new position in shares of DocuSign in the 4th quarter worth about $287,000. Hanseatic Management Services Inc. purchased a new position in DocuSign in the fourth quarter worth about $102,000. Ameritas Advisory Services LLC lifted its stake in shares of DocuSign by 2.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 21,043 shares of the company’s stock worth $1,893,000 after buying an additional 512 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of DocuSign by 22.1% during the fourth quarter. Merit Financial Group LLC now owns 18,516 shares of the company’s stock valued at $1,665,000 after buying an additional 3,352 shares during the last quarter. Finally, Retireful LLC bought a new stake in shares of DocuSign during the fourth quarter valued at approximately $1,459,000. 77.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DocuSign

In other DocuSign news, 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 sale, the director now owns 7,736 shares of the company’s stock, valued at $731,825.60. The trade was a 6.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter Solvik sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $91.26, for a total value of $912,600.00. Following the sale, the director now directly owns 150,253 shares in the company, valued at $13,712,088.78. This trade represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 693,537 shares of company stock valued at $66,575,817 in the last three months. 1.66% of the stock is currently owned by corporate insiders.

DocuSign Stock Down 1.7 %

NASDAQ:DOCU opened at $89.60 on Monday. The business’s 50-day simple moving average is $88.76 and its two-hundred day simple moving average is $70.38. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The stock has a market cap of $18.10 billion, a PE ratio of 18.47, a P/E/G ratio of 8.17 and a beta of 0.88.

Wall Street Analyst Weigh In

Several brokerages have commented on DOCU. 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. Robert W. Baird lifted their price objective on DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research note on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and issued a $124.00 price target on shares of DocuSign in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.