UMB Bank n.a. Buys 877 Shares of DocuSign, Inc. (NASDAQ:DOCU)

UMB Bank n.a. boosted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 1,654.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 930 shares of the company’s stock after purchasing an additional 877 shares during the period. UMB Bank n.a.’s holdings in DocuSign were worth $84,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DOCU. Dimensional Fund Advisors LP boosted its stake in shares of DocuSign by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 610,728 shares of the company’s stock worth $32,671,000 after buying an additional 75,133 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in DocuSign by 2.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,080 shares of the company’s stock valued at $539,000 after acquiring an additional 286 shares during the period. Sei Investments Co. boosted its position in DocuSign by 16.4% in the second quarter. Sei Investments Co. now owns 22,341 shares of the company’s stock worth $1,195,000 after purchasing an additional 3,141 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in shares of DocuSign by 15.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 134,837 shares of the company’s stock valued at $7,214,000 after purchasing an additional 18,415 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of DocuSign by 20.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $86,000 after purchasing an additional 263 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Activity at DocuSign

In other news, CFO Blake Jeffrey Grayson sold 15,588 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $97.78, for a total transaction of $1,524,194.64. Following the completion of the transaction, the chief financial officer now owns 85,851 shares in the company, valued at $8,394,510.78. This trade represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Allan C. Thygesen sold 7,763 shares of the business’s 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 completion of the sale, the chief executive officer now owns 100,062 shares in the company, valued at $8,058,993.48. This represents a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 693,537 shares of company stock valued at $66,575,817. Corporate insiders own 1.66% of the company’s stock.

DocuSign Price Performance

DocuSign stock opened at $90.54 on Friday. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86. The firm’s 50 day moving average price is $89.31 and its 200-day moving average price is $71.03. The stock has a market cap of $18.29 billion, a P/E ratio of 18.67, a PEG ratio of 8.26 and a beta of 0.88.

Wall Street Analysts Forecast Growth

DOCU has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price 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. Royal Bank of Canada restated a “sector perform” rating and issued a $90.00 price objective (up from $57.00) on shares of DocuSign in a research note on Friday, December 6th. Wells Fargo & Company lifted their target price on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research report on Friday, December 6th. Citigroup upped their price target on DocuSign from $87.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, DocuSign 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.