Harmony Asset Management LLC Sells 15,580 Shares of Docusign Inc. $DOCU

Harmony Asset Management LLC lessened its holdings in Docusign Inc. (NASDAQ:DOCU) by 62.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,439 shares of the company’s stock after selling 15,580 shares during the quarter. Harmony Asset Management LLC’s holdings in Docusign were worth $680,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DOCU. Centaurus Financial Inc. grew its holdings in shares of Docusign by 2.6% during the second quarter. Centaurus Financial Inc. now owns 5,398 shares of the company’s stock worth $420,000 after purchasing an additional 136 shares during the last quarter. Total Wealth Planning & Management Inc. boosted its holdings in shares of Docusign by 4.8% in the 2nd quarter. Total Wealth Planning & Management Inc. now owns 3,170 shares of the company’s stock valued at $247,000 after buying an additional 146 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its position in shares of Docusign by 0.7% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 21,422 shares of the company’s stock valued at $1,544,000 after acquiring an additional 149 shares during the period. Moors & Cabot Inc. raised its holdings in shares of Docusign by 5.7% in the 2nd quarter. Moors & Cabot Inc. now owns 2,780 shares of the company’s stock valued at $217,000 after purchasing an additional 150 shares during the period. Finally, Savvy Advisors Inc. lifted its stake in Docusign by 5.4% in the 2nd quarter. Savvy Advisors Inc. now owns 3,090 shares of the company’s stock valued at $241,000 after purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Docusign Stock Performance

Docusign stock opened at $46.75 on Thursday. Docusign Inc. has a fifty-two week low of $45.00 and a fifty-two week high of $99.30. The firm’s fifty day moving average price is $64.25 and its 200-day moving average price is $70.31. The stock has a market cap of $9.36 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Evercore ISI lowered their price objective on Docusign from $92.00 to $80.00 and set an “in-line” rating on the stock in a research report on Friday, December 5th. BTIG Research began coverage on shares of Docusign in a research note on Tuesday, December 16th. They issued a “buy” rating and a $88.00 price objective for the company. Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a research report on Wednesday, December 17th. Wedbush lowered their target price on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, JPMorgan Chase & Co. decreased 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. Six equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $85.13.

Insider Buying and Selling

In other news, insider James P. Shaughnessy sold 12,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $67.03, for a total value of $804,360.00. Following the sale, the insider directly owned 54,550 shares of the company’s stock, valued at approximately $3,656,486.50. This represents a 18.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Chatwani sold 13,818 shares of Docusign stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $68.33, for a total value of $944,183.94. Following the completion of the transaction, the insider directly owned 70,197 shares of the company’s stock, valued at approximately $4,796,561.01. This represents a 16.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 78,292 shares of company stock valued at $5,374,260 over the last three months. Insiders own 1.01% of the company’s stock.

Docusign 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.