Baader Bank Aktiengesellschaft Has $1.50 Million Holdings in Docusign Inc. $DOCU

Baader Bank Aktiengesellschaft increased its position in shares of Docusign Inc. (NASDAQ:DOCU) by 185.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,789 shares of the company’s stock after buying an additional 13,515 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Docusign were worth $1,499,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Versor Investments LP grew its holdings in Docusign by 244.1% during the 3rd quarter. Versor Investments LP now owns 11,356 shares of the company’s stock worth $819,000 after acquiring an additional 8,056 shares during the period. Navellier & Associates Inc. lifted its stake in shares of Docusign by 25.3% in the 3rd quarter. Navellier & Associates Inc. now owns 7,332 shares of the company’s stock valued at $529,000 after purchasing an additional 1,479 shares during the period. Linden Thomas Advisory Services LLC boosted its position in shares of Docusign by 1.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 14,198 shares of the company’s stock valued at $1,024,000 after purchasing an additional 220 shares in the last quarter. Plato Investment Management Ltd grew its stake in Docusign by 49.4% during the third quarter. Plato Investment Management Ltd now owns 12,832 shares of the company’s stock worth $918,000 after purchasing an additional 4,245 shares during the period. Finally, Azzad Asset Management Inc. ADV acquired a new stake in Docusign during the third quarter worth approximately $624,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Zacks Research lowered Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Docusign in a research note on Wednesday, January 21st. BTIG Research began coverage on shares of Docusign in a research report on Tuesday, December 16th. They set a “buy” rating and a $88.00 target price on the stock. Bank of America cut their target price on shares of Docusign from $102.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Finally, UBS Group decreased their price target on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Six analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $85.13.

Docusign Trading Up 0.1%

Shares of DOCU stock opened at $47.62 on Wednesday. The firm has a fifty day simple moving average of $62.50 and a two-hundred day simple moving average of $69.29. Docusign Inc. has a 12 month low of $45.00 and a 12 month high of $94.67. The firm has a market capitalization of $9.54 billion, a PE ratio of 33.30, a price-to-earnings-growth ratio of 2.08 and a beta of 1.00.

Insider Activity

In other Docusign news, CFO Blake Jeffrey Grayson sold 9,515 shares of Docusign stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $68.33, for a total transaction of $650,159.95. Following the completion of the transaction, the chief financial officer owned 118,213 shares in the company, valued at approximately $8,077,494.29. The trade was a 7.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James P. Shaughnessy sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $67.03, for a total value of $804,360.00. Following the sale, the insider directly owned 54,550 shares of the company’s stock, valued at $3,656,486.50. This represents a 18.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 78,292 shares of company stock valued at $5,374,260. 1.66% of the stock is currently owned by insiders.

Docusign Profile

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.