Baader Bank Aktiengesellschaft Sells 6,153 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Baader Bank Aktiengesellschaft decreased its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 50.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,011 shares of the company's stock after selling 6,153 shares during the period. Baader Bank Aktiengesellschaft's holdings in DocuSign were worth $541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in shares of DocuSign by 16.4% in the second quarter. Sei Investments Co. now owns 22,341 shares of the company's stock valued at $1,195,000 after acquiring an additional 3,141 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of DocuSign by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 52,260 shares of the company's stock valued at $2,796,000 after acquiring an additional 1,628 shares during the last quarter. Creative Planning raised its position in DocuSign by 9.2% in the 2nd quarter. Creative Planning now owns 13,687 shares of the company's stock worth $732,000 after purchasing an additional 1,157 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in DocuSign by 3.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 32,709 shares of the company's stock worth $1,750,000 after purchasing an additional 938 shares during the last quarter. Finally, Quarry LP bought a new position in DocuSign in the 2nd quarter worth approximately $53,000. Institutional investors own 77.64% of the company's stock.

Insider Activity

In related news, CEO Allan C. Thygesen sold 7,763 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $80.54, for a total value of $625,232.02. Following the completion of the transaction, the chief executive officer now directly owns 100,062 shares of the company's stock, valued at approximately $8,058,993.48. This represents a 7.20 % decrease in their position. The sale 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 company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $94.77, for a total transaction of $758,160.00. Following the completion of the transaction, the chief financial officer now directly owns 101,439 shares of the company's stock, valued at approximately $9,613,374.03. The trade was a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 685,773 shares of company stock valued at $66,032,726 in the last quarter. Company insiders own 1.66% of the company's stock.

DocuSign Trading Down 0.2 %

Shares of DOCU stock traded down $0.18 on Monday, hitting $96.55. The stock had a trading volume of 1,592,035 shares, compared to its average volume of 2,099,329. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The firm has a market cap of $19.51 billion, a P/E ratio of 19.86, a PEG ratio of 8.74 and a beta of 0.88. The company has a fifty day moving average price of $91.32 and a two-hundred day moving average price of $73.08.

Analysts Set New Price Targets

Several research firms recently weighed in on DOCU. HSBC restated a "reduce" rating on shares of DocuSign in a research report on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective on shares of DocuSign from $50.00 to $70.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada restated a "sector perform" rating and issued a $90.00 price objective (up previously from $57.00) on shares of DocuSign in a research report on Friday, December 6th. Citigroup upped their target price on shares of DocuSign from $87.00 to $113.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company upped their target price on shares of DocuSign from $50.00 to $70.00 and gave the company an "underweight" rating in a research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $92.45.

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.