9,667 Shares in Docusign Inc. $DOCU Bought by Sugar Maple Asset Management LLC

Sugar Maple Asset Management LLC acquired a new stake in shares of Docusign Inc. (NASDAQ:DOCU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,667 shares of the company’s stock, valued at approximately $697,000.

Several other hedge funds also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Docusign during the 2nd quarter valued at about $43,000. First Horizon Advisors Inc. lifted its stake in Docusign by 48.6% in the second quarter. First Horizon Advisors Inc. now owns 590 shares of the company’s stock valued at $46,000 after acquiring an additional 193 shares during the last quarter. SJS Investment Consulting Inc. grew its position in Docusign by 5,318.2% in the third quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock worth $43,000 after acquiring an additional 585 shares in the last quarter. CX Institutional grew its position in Docusign by 5,860.0% in the third quarter. CX Institutional now owns 596 shares of the company’s stock worth $43,000 after acquiring an additional 586 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Docusign by 106.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 848 shares of the company’s stock worth $66,000 after purchasing an additional 437 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DOCU shares. JPMorgan Chase & Co. reduced their price objective on shares of Docusign from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Wells Fargo & Company cut their target price on Docusign from $85.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, December 5th. Cantor Fitzgerald reiterated an “outperform” rating on shares of Docusign in a research note on Wednesday, December 17th. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a report on Wednesday, December 17th. Finally, Piper Sandler cut their price objective on Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Six research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.13.

Docusign Trading Down 1.6%

DOCU opened at $55.82 on Wednesday. The business has a 50 day moving average of $67.05 and a 200-day moving average of $72.07. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 39.03, a P/E/G ratio of 2.79 and a beta of 0.99. Docusign Inc. has a 1-year low of $55.51 and a 1-year high of $99.30.

Insider Transactions at Docusign

In other Docusign news, CRO Paula Hansen sold 6,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.05, for a total value of $402,300.00. Following the sale, the executive directly owned 68,970 shares in the company, valued at $4,624,438.50. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Blake Jeffrey Grayson sold 6,500 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $70.00, for a total transaction of $455,000.00. Following the transaction, the chief financial officer directly owned 111,713 shares of the company’s stock, valued at $7,819,910. This represents a 5.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 78,292 shares of company stock worth $5,374,260. 1.66% of the stock is currently owned by insiders.

Docusign Company Profile

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.