CIBC Asset Management Inc Lowers Holdings in DocuSign, Inc. (NASDAQ:DOCU)

CIBC Asset Management Inc lessened its stake in DocuSign, Inc. (NASDAQ:DOCUFree Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,527 shares of the company’s stock after selling 467 shares during the quarter. CIBC Asset Management Inc’s holdings in DocuSign were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Capital Analysts LLC raised its position in DocuSign by 781.7% in the 4th quarter. Capital Analysts LLC now owns 529 shares of the company’s stock worth $31,000 after buying an additional 469 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in DocuSign in the 4th quarter worth about $32,000. Whittier Trust Co. raised its position in DocuSign by 28.8% in the 4th quarter. Whittier Trust Co. now owns 935 shares of the company’s stock worth $56,000 after buying an additional 209 shares during the last quarter. Desjardins Global Asset Management Inc. raised its position in DocuSign by 60.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 966 shares of the company’s stock worth $57,000 after buying an additional 364 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in DocuSign in the 4th quarter worth about $59,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

DOCU has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on DocuSign from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday. Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research note on Friday. Royal Bank of Canada cut their price target on DocuSign from $59.00 to $52.00 and set a “sector perform” rating for the company in a research note on Friday. Citigroup cut their price target on DocuSign from $93.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Finally, Morgan Stanley cut their price target on DocuSign from $65.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, DocuSign has an average rating of “Hold” and an average price target of $59.36.

Get Our Latest Analysis on DocuSign

Insider Buying and Selling

In related news, Director Teresa Briggs sold 499 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.92, for a total value of $27,405.08. Following the transaction, the director now directly owns 6,668 shares of the company’s stock, valued at approximately $366,206.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Peter Solvik sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $60.00, for a total value of $900,000.00. Following the transaction, the director now directly owns 783 shares of the company’s stock, valued at approximately $46,980. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Teresa Briggs sold 499 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.92, for a total value of $27,405.08. Following the completion of the transaction, the director now directly owns 6,668 shares in the company, valued at $366,206.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,512 shares of company stock valued at $2,746,767. Corporate insiders own 1.66% of the company’s stock.

DocuSign Trading Down 2.0 %

NASDAQ DOCU opened at $50.99 on Tuesday. The stock’s 50 day moving average is $57.57 and its 200 day moving average is $56.34. DocuSign, Inc. has a 12 month low of $38.11 and a 12 month high of $64.76. The stock has a market cap of $10.47 billion, a PE ratio of 98.06, a P/E/G ratio of 4.50 and a beta of 0.89.

DocuSign Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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