MML Investors Services LLC Purchases 4,538 Shares of DocuSign, Inc. (NASDAQ:DOCU)

MML Investors Services LLC lifted its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 60.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,034 shares of the company’s stock after buying an additional 4,538 shares during the period. MML Investors Services LLC’s holdings in DocuSign were worth $747,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DOCU. Itau Unibanco Holding S.A. purchased a new position in DocuSign in the third quarter worth $28,000. Brooklyn Investment Group bought a new stake in shares of DocuSign during the 3rd quarter worth $33,000. Reston Wealth Management LLC purchased a new position in shares of DocuSign in the 3rd quarter worth about $47,000. nVerses Capital LLC bought a new position in DocuSign during the second quarter valued at about $48,000. Finally, Quarry LP purchased a new stake in DocuSign during the second quarter worth about $53,000. 77.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group boosted their target price on shares of DocuSign from $60.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $90.00 price objective (up from $57.00) on shares of DocuSign in a report on Friday, December 6th. Citigroup boosted their target price on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Morgan Stanley increased their price target on DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research note on Friday, December 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, DocuSign has an average rating of “Hold” and an average target price of $92.45.

DocuSign Trading Up 0.3 %

Shares of NASDAQ:DOCU opened at $94.41 on Friday. The company has a 50 day moving average of $80.84 and a 200 day moving average of $64.71. The stock has a market cap of $19.07 billion, a P/E ratio of 19.47, a P/E/G ratio of 8.72 and a beta of 0.92. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86.

Insider Buying and Selling at DocuSign

In other news, CEO Allan C. Thygesen sold 7,648 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $62.47, for a total transaction of $477,770.56. Following the completion of the transaction, the chief executive officer now owns 115,589 shares of the company’s stock, valued at approximately $7,220,844.83. The trade was a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James P. Shaughnessy sold 7,500 shares of DocuSign stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $67.83, for a total transaction of $508,725.00. Following the sale, the insider now owns 43,301 shares of the company’s stock, valued at approximately $2,937,106.83. The trade was a 14.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 660,737 shares of company stock valued at $63,029,016 in the last three months. Company insiders own 1.66% of the company’s stock.

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.