Commerce Bank Has $3.49 Million Stock Position in DocuSign, Inc. (NASDAQ:DOCU)

Commerce Bank raised its holdings in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 293.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,787 shares of the company's stock after buying an additional 28,935 shares during the quarter. Commerce Bank's holdings in DocuSign were worth $3,489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. World Investment Advisors LLC bought a new stake in DocuSign in the third quarter valued at $2,314,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of DocuSign during the 3rd quarter worth about $51,000. Optimist Retirement Group LLC lifted its holdings in DocuSign by 3.8% during the 3rd quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company's stock valued at $274,000 after purchasing an additional 161 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of DocuSign by 62.8% during the third quarter. Tidal Investments LLC now owns 44,946 shares of the company's stock worth $2,791,000 after buying an additional 17,339 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of DocuSign by 12.1% in the 3rd quarter. Franklin Resources Inc. now owns 520,925 shares of the company's stock worth $35,870,000 after acquiring an additional 56,221 shares in the last quarter. Institutional investors own 77.64% of the company's stock.

Insiders Place Their Bets

In other DocuSign news, Director Teresa Briggs sold 534 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $87.41, for a total value of $46,676.94. Following the sale, the director now owns 8,270 shares in the company, valued at approximately $722,880.70. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $76.09, for a total transaction of $608,720.00. Following the completion of the sale, the chief financial officer now owns 86,156 shares in the company, valued at $6,555,610.04. This trade represents a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,851 shares of company stock worth $4,607,439. Corporate insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DOCU shares. Bank of America cut their price target on DocuSign from $112.00 to $98.00 and set a "neutral" rating for the company in a report on Friday, March 14th. William Blair restated an "outperform" rating on shares of DocuSign in a research report on Monday, April 21st. Hsbc Global Res upgraded DocuSign from a "moderate sell" rating to a "hold" rating in a research report on Friday, April 11th. Wedbush reaffirmed a "neutral" rating and issued a $100.00 target price on shares of DocuSign in a research note on Friday, March 14th. Finally, HSBC raised shares of DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 price target for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $92.46.

DocuSign Stock Performance

NASDAQ:DOCU traded up $1.14 on Friday, reaching $82.81. The company's stock had a trading volume of 1,051,319 shares, compared to its average volume of 2,741,011. The business's 50-day moving average price is $80.34 and its two-hundred day moving average price is $83.58. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86. The firm has a market cap of $16.77 billion, a PE ratio of 17.07, a PEG ratio of 6.94 and a beta of 1.20.

DocuSign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.02. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The firm had revenue of $776.25 million for the quarter, compared to analyst estimates of $760.94 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The business's revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts expect 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.