CIBC Private Wealth Group LLC Has $109,000 Stock Holdings in DocuSign, Inc. (NASDAQ:DOCU)

CIBC Private Wealth Group LLC lowered its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 41.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,221 shares of the company’s stock after selling 860 shares during the period. CIBC Private Wealth Group LLC’s holdings in DocuSign were worth $109,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DOCU. Janus Henderson Group PLC increased its stake in shares of DocuSign by 13.1% in the 3rd quarter. Janus Henderson Group PLC now owns 12,110 shares of the company’s stock valued at $752,000 after acquiring an additional 1,398 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in DocuSign by 4.5% in the third quarter. Royal London Asset Management Ltd. now owns 80,490 shares of the company’s stock valued at $4,998,000 after purchasing an additional 3,466 shares in the last quarter. State Street Corp increased its stake in DocuSign by 2.3% in the third quarter. State Street Corp now owns 5,372,939 shares of the company’s stock valued at $333,604,000 after purchasing an additional 120,743 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of DocuSign during the third quarter valued at about $350,000. Finally, EP Wealth Advisors LLC bought a new position in shares of DocuSign during the 3rd quarter worth about $205,000. 77.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DOCU has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on DocuSign from $70.00 to $73.00 and gave the company an “underweight” rating in a research report on Friday, March 14th. Royal Bank of Canada restated a “sector perform” rating and set a $90.00 price objective on shares of DocuSign in a report on Friday, March 14th. UBS Group cut their target price on DocuSign from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Citigroup boosted their price target on shares of DocuSign from $113.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, March 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $124.00 price objective on shares of DocuSign in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, DocuSign has an average rating of “Hold” and a consensus price target of $95.83.

Insider Activity at DocuSign

In related news, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $81.31, for a total value of $609,825.00. Following the transaction, the insider now owns 45,875 shares in the company, valued at approximately $3,730,096.25. This represents a 14.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the sale, the chief financial officer now directly owns 77,851 shares of the company’s stock, valued at $6,765,251.90. This represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,851 shares of company stock worth $4,911,319. 1.66% of the stock is owned by company insiders.

DocuSign Stock Down 0.4 %

DocuSign stock opened at $71.95 on Tuesday. The stock has a market cap of $14.57 billion, a P/E ratio of 14.84, a P/E/G ratio of 6.94 and a beta of 1.20. The company’s 50 day moving average price is $85.61 and its two-hundred day moving average price is $82.45. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The business had revenue of $776.25 million for the quarter, compared to analysts’ expectations of $760.94 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current year.

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.