Inspire Investing LLC Has $785,000 Stake in DocuSign, Inc. (NASDAQ:DOCU)

Inspire Investing LLC decreased its position in DocuSign, Inc. (NASDAQ:DOCU) by 40.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,727 shares of the company’s stock after selling 5,941 shares during the quarter. Inspire Investing LLC’s holdings in DocuSign were worth $785,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DOCU. Itau Unibanco Holding S.A. acquired a new stake in shares of DocuSign in the 3rd quarter valued at about $28,000. Brooklyn Investment Group acquired a new stake in shares of DocuSign in the 3rd quarter valued at about $33,000. Modus Advisors LLC acquired a new stake in shares of DocuSign in the 4th quarter valued at about $36,000. Reston Wealth Management LLC acquired a new stake in shares of DocuSign in the 3rd quarter valued at about $47,000. Finally, Avior Wealth Management LLC raised 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 period. Institutional investors and hedge funds own 77.64% of the company’s stock.

DocuSign Stock Up 1.2 %

Shares of NASDAQ:DOCU opened at $91.60 on Friday. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86. The stock has a market cap of $18.51 billion, a PE ratio of 18.89, a P/E/G ratio of 8.30 and a beta of 0.88. The business has a 50 day moving average of $89.51 and a 200-day moving average of $71.17.

Insider Transactions at DocuSign

In other news, insider Robert Chatwani sold 14,800 shares of DocuSign stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $97.76, for a total value of $1,446,848.00. Following the completion of the sale, the insider now directly owns 73,414 shares in the company, valued at approximately $7,176,952.64. The trade was a 16.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $94.60, for a total transaction of $50,516.40. Following the completion of the sale, the director now owns 7,736 shares of the company’s stock, valued at approximately $731,825.60. The trade was a 6.46 % 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 worth $66,575,817 over the last quarter. Company insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DOCU shares. JPMorgan Chase & Co. raised their price objective on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. UBS Group raised their price objective on DocuSign from $60.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Robert W. Baird raised their price objective on DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Morgan Stanley raised their price objective on DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company raised their price objective on DocuSign from $50.00 to $70.00 and gave the company an “underweight” 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 company. According to data from MarketBeat, DocuSign currently has an average rating of “Hold” and an average 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.