CNB Bank Has $46,000 Position in DocuSign, Inc. (NASDAQ:DOCU)

CNB Bank trimmed its position in shares of DocuSign, Inc. (NASDAQ:DOCUFree Report) by 23.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 780 shares of the company’s stock after selling 237 shares during the period. CNB Bank’s holdings in DocuSign were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DOCU. Capital Analysts LLC raised its stake in shares of DocuSign by 781.7% during the 4th quarter. Capital Analysts LLC now owns 529 shares of the company’s stock worth $31,000 after purchasing an additional 469 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in DocuSign in the fourth quarter worth $32,000. Register Financial Advisors LLC acquired a new position in DocuSign during the first quarter worth $37,000. ICA Group Wealth Management LLC bought a new position in DocuSign during the fourth quarter valued at about $39,000. Finally, Whittier Trust Co. raised its holdings in DocuSign by 28.8% during the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock valued at $56,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on DOCU shares. JMP Securities reissued a “market outperform” rating and set a $84.00 price objective on shares of DocuSign in a report on Friday, June 7th. UBS Group upgraded shares of DocuSign from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $48.00 to $62.00 in a research note on Friday, April 12th. Royal Bank of Canada lowered their target price on shares of DocuSign from $59.00 to $52.00 and set a “sector perform” rating on the stock in a research note on Friday, June 7th. Morgan Stanley cut their target price on shares of DocuSign from $65.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, June 7th. Finally, Citigroup lowered their price target on DocuSign from $93.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $59.36.

View Our Latest Stock Analysis on DOCU

DocuSign Stock Down 0.9 %

Shares of DocuSign stock opened at $53.95 on Monday. DocuSign, Inc. has a 12-month low of $38.11 and a 12-month high of $64.76. The stock has a market capitalization of $11.04 billion, a P/E ratio of 104.73, a price-to-earnings-growth ratio of 4.53 and a beta of 0.94. The company has a 50-day simple moving average of $55.41 and a 200 day simple moving average of $56.56.

DocuSign (NASDAQ:DOCUGet Free Report) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.09. The company had revenue of $709.64 million during the quarter, compared to analyst estimates of $706.07 million. DocuSign had a net margin of 3.81% and a return on equity of 15.44%. On average, equities analysts anticipate that DocuSign, Inc. will post 0.88 earnings per share for the current year.

Insider Buying and Selling at DocuSign

In other news, CEO Allan C. Thygesen sold 8,086 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $56.16, for a total value of $454,109.76. Following the transaction, the chief executive officer now owns 99,546 shares of the company’s stock, valued at approximately $5,590,503.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Allan C. Thygesen sold 8,086 shares of DocuSign stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $56.16, for a total transaction of $454,109.76. Following the completion of the sale, the chief executive officer now directly owns 99,546 shares of the company’s stock, valued at $5,590,503.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Solvik sold 15,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $60.00, for a total value of $900,000.00. Following the completion of the transaction, the director now directly owns 783 shares in the company, valued at approximately $46,980. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,218 shares of company stock worth $5,183,359. 1.66% of the stock is currently owned by insiders.

About DocuSign

(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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