Assetmark Inc. Acquires 416,528 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Assetmark Inc. raised its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 718,151.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 416,586 shares of the company’s stock after buying an additional 416,528 shares during the period. Assetmark Inc.’s holdings in DocuSign were worth $37,468,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank increased its stake in DocuSign by 30.3% during the 3rd quarter. Toronto Dominion Bank now owns 26,159 shares of the company’s stock valued at $1,624,000 after purchasing an additional 6,081 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in DocuSign by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company’s stock worth $82,478,000 after acquiring an additional 16,014 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in DocuSign by 39.5% during the 3rd quarter. Quantinno Capital Management LP now owns 201,546 shares of the company’s stock worth $12,514,000 after acquiring an additional 57,104 shares during the last quarter. Rhumbline Advisers boosted its holdings in DocuSign by 118.8% during the 4th quarter. Rhumbline Advisers now owns 608,123 shares of the company’s stock worth $54,695,000 after acquiring an additional 330,136 shares during the last quarter. Finally, KBC Group NV boosted its holdings in DocuSign by 32.7% during the 4th quarter. KBC Group NV now owns 1,535,107 shares of the company’s stock worth $138,067,000 after acquiring an additional 378,233 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Insider Buying and Selling at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $86.90, for a total transaction of $695,200.00. Following the sale, the chief financial officer now directly owns 77,851 shares of the company’s stock, valued at $6,765,251.90. This represents a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel D. Springer sold 581,588 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $97.04, for a total transaction of $56,437,299.52. Following the sale, the director now directly owns 906,430 shares in the company, valued at approximately $87,959,967.20. This trade represents a 39.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 686,010 shares of company stock valued at $66,102,694 over the last three months. 1.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DOCU shares. Hsbc Global Res raised shares of DocuSign to a “moderate sell” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on shares of DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. HSBC reaffirmed a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and set a $124.00 price objective on shares of DocuSign in a report on Tuesday, January 7th. Finally, UBS Group lifted their price objective on shares of DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, DocuSign has a consensus rating of “Hold” and a consensus target price of $92.45.

DocuSign Stock Up 0.4 %

NASDAQ DOCU opened at $82.36 on Thursday. The company has a market cap of $16.64 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 6.94 and a beta of 1.02. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The firm’s 50-day simple moving average is $89.64 and its two-hundred day simple moving average is $78.28.

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.