Versor Investments LP Increases Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Versor Investments LP boosted its stake in DocuSign, Inc. (NASDAQ:DOCU) by 60.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,500 shares of the company’s stock after purchasing an additional 9,198 shares during the period. Versor Investments LP’s holdings in DocuSign were worth $2,204,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Toronto Dominion Bank grew its stake in shares of DocuSign by 30.3% in the third quarter. Toronto Dominion Bank now owns 26,159 shares of the company’s stock valued at $1,624,000 after buying an additional 6,081 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 in the last quarter. Quantinno Capital Management LP boosted its holdings in DocuSign by 39.5% in 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 period. Robeco Institutional Asset Management B.V. grew its position in DocuSign by 7.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,296,517 shares of the company’s stock valued at $80,501,000 after acquiring an additional 85,987 shares in the last quarter. Finally, Rhumbline Advisers grew its position in DocuSign by 118.8% in the fourth quarter. Rhumbline Advisers now owns 608,123 shares of the company’s stock valued at $54,695,000 after acquiring an additional 330,136 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Blake Jeffrey Grayson sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the completion of the sale, the chief financial officer now owns 77,851 shares in the company, valued at approximately $6,765,251.90. This represents a 9.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Allan C. Thygesen sold 7,763 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $80.54, for a total transaction of $625,232.02. Following the transaction, the chief executive officer now directly owns 100,062 shares in the company, valued at $8,058,993.48. The trade was a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 693,773 shares of company stock valued at $66,727,926. Company insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

DOCU has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on shares of DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating 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 report on Tuesday, December 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $90.00 target price (up from $57.00) on shares of DocuSign in a research note on Friday, December 6th. Jefferies Financial Group lifted their target price on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, HSBC reissued a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $92.45.

DocuSign Price Performance

Shares of DOCU opened at $82.28 on Thursday. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The company has a market cap of $16.62 billion, a P/E ratio of 16.96, a PEG ratio of 6.94 and a beta of 0.89. The stock has a fifty day moving average price of $90.91 and a 200 day moving average price of $77.33.

About DocuSign

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.