DocuSign, Inc. (NASDAQ:DOCU) Shares Sold by Canton Hathaway LLC

Canton Hathaway LLC decreased its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 87.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,500 shares of the company’s stock after selling 16,705 shares during the quarter. Canton Hathaway LLC’s holdings in DocuSign were worth $225,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in shares of DocuSign in the third quarter worth about $28,000. Kestra Investment Management LLC acquired a new position in shares of DocuSign in the fourth quarter worth about $30,000. Brooklyn Investment Group acquired a new position in shares of DocuSign in the third quarter worth about $33,000. Modus Advisors LLC acquired a new position in shares of DocuSign in the fourth quarter worth about $36,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of DocuSign by 102.6% in the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock worth $36,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Buying and Selling

In related news, CEO Allan C. Thygesen sold 7,763 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $80.54, for a total value of $625,232.02. Following the completion of the transaction, the chief executive officer now directly owns 100,062 shares of the company’s stock, valued at $8,058,993.48. This represents a 7.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $86.90, for a total value 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 $6,765,251.90. This trade represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 693,773 shares of company stock valued at $66,727,926 in the last three months. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DOCU shares. JMP Securities restated a “market outperform” rating and set a $124.00 price objective on shares of DocuSign in a research note on Tuesday, January 7th. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research note on Tuesday, February 4th. Citigroup upped their price objective on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, December 6th. HSBC restated a “reduce” rating on shares of DocuSign in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their price objective on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Three research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $92.45.

DocuSign Trading Down 0.3 %

Shares of DocuSign stock opened at $83.69 on Tuesday. The business’s 50 day simple moving average is $91.45 and its 200-day simple moving average is $77.09. The stock has a market capitalization of $16.91 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 6.94 and a beta of 0.89. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86.

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.