Cassaday & Co Wealth Management LLC Buys Shares of 5,183 DocuSign, Inc. (NASDAQ:DOCU)

Cassaday & Co Wealth Management LLC purchased a new position in DocuSign, Inc. (NASDAQ:DOCU) during the 4th quarter, Holdings Channel reports. The fund purchased 5,183 shares of the company’s stock, valued at approximately $466,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new stake in shares of DocuSign in the 3rd quarter worth $28,000. Kestra Investment Management LLC bought a new stake in DocuSign during the fourth quarter valued at about $30,000. Brooklyn Investment Group purchased a new stake in DocuSign in the third quarter worth about $33,000. Modus Advisors LLC bought a new position in shares of DocuSign in the fourth quarter worth about $36,000. Finally, Avion Wealth raised its stake in shares of DocuSign by 309.2% in the fourth quarter. Avion Wealth now owns 487 shares of the company’s stock worth $43,000 after buying an additional 368 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Buying and Selling at DocuSign

In other news, CEO Allan C. Thygesen sold 7,763 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $80.54, for a total transaction of $625,232.02. Following the sale, the chief executive officer now directly owns 100,062 shares in the company, valued at approximately $8,058,993.48. This represents a 7.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $86.90, for a total transaction of $695,200.00. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 693,773 shares of company stock worth $66,727,926 in the last quarter. 1.66% of the stock is owned by corporate insiders.

DocuSign Trading Down 2.6 %

Shares of DOCU stock opened at $83.96 on Friday. The stock has a market capitalization of $16.96 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 6.98 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 $91.94 and its 200-day moving average price is $76.27.

Wall Street Analysts Forecast Growth

DOCU has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and set a $124.00 price objective on shares of DocuSign in a research note on Tuesday, January 7th. HSBC reiterated a “reduce” rating on shares of DocuSign in a research report on Friday, December 6th. Hsbc Global Res upgraded shares of DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. Wells Fargo & Company upped their target price on shares of DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a report on Friday, December 6th. Finally, Robert W. Baird raised their price target on DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.