CIBC Asset Management Inc Acquires 1,020 Shares of DocuSign, Inc. (NASDAQ:DOCU)

CIBC Asset Management Inc increased its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 14.0% during the fourth quarter, Holdings Channel reports. The fund owned 8,313 shares of the company’s stock after purchasing an additional 1,020 shares during the period. CIBC Asset Management Inc’s holdings in DocuSign were worth $748,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DOCU. KBC Group NV grew its position in DocuSign by 209.8% during the 3rd quarter. KBC Group NV now owns 1,156,874 shares of the company’s stock worth $71,830,000 after acquiring an additional 783,419 shares during the last quarter. Fiera Capital Corp bought a new stake in DocuSign during the 4th quarter worth approximately $47,920,000. Principal Financial Group Inc. grew its position in DocuSign by 3,026.7% during the 4th quarter. Principal Financial Group Inc. now owns 546,796 shares of the company’s stock worth $49,179,000 after acquiring an additional 529,308 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in DocuSign by 42.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,459,580 shares of the company’s stock worth $90,625,000 after acquiring an additional 434,312 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in DocuSign by 5,660.8% during the 3rd quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock worth $27,252,000 after acquiring an additional 431,295 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DOCU. Robert W. Baird upped their price objective on DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Tuesday, February 4th. Citigroup upped their price objective on DocuSign from $87.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. Finally, UBS Group upped their price objective on DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DocuSign presently has a consensus rating of “Hold” and a consensus price target of $92.45.

DocuSign Trading Down 2.6 %

Shares of DocuSign stock opened at $83.96 on Friday. The company has a market capitalization of $16.96 billion, a PE ratio of 17.31, a PEG ratio of 6.94 and a beta of 0.89. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The stock’s fifty day simple moving average is $91.73 and its 200 day simple moving average is $76.50.

Insider Buying and Selling

In related news, CEO Allan C. Thygesen sold 7,763 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $80.54, for a total transaction of $625,232.02. Following the sale, the chief executive officer now owns 100,062 shares of the company’s stock, valued at approximately $8,058,993.48. This trade represents a 7.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Teresa Briggs sold 534 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $94.60, for a total value of $50,516.40. Following the sale, the director now directly owns 7,736 shares in the company, valued at $731,825.60. The trade was a 6.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 693,773 shares of company stock valued at $66,727,926. 1.66% of the stock is owned by company insiders.

DocuSign 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.