Crossmark Global Holdings Inc. Acquires 45,235 Shares of Docusign Inc. $DOCU

Crossmark Global Holdings Inc. grew its holdings in Docusign Inc. (NASDAQ:DOCU) by 364.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,648 shares of the company’s stock after buying an additional 45,235 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Docusign were worth $4,156,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOCU. Dimensional Fund Advisors LP lifted its holdings in shares of Docusign by 15.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,016,714 shares of the company’s stock valued at $73,407,000 after acquiring an additional 134,014 shares during the period. Insigneo Advisory Services LLC acquired a new stake in shares of Docusign in the third quarter valued at $213,000. Cresset Asset Management LLC increased its stake in shares of Docusign by 62.2% in the third quarter. Cresset Asset Management LLC now owns 14,368 shares of the company’s stock valued at $1,036,000 after buying an additional 5,508 shares in the last quarter. Picton Mahoney Asset Management lifted its position in shares of Docusign by 49,315.0% during the third quarter. Picton Mahoney Asset Management now owns 9,883 shares of the company’s stock worth $711,000 after purchasing an additional 9,863 shares in the last quarter. Finally, South Dakota Investment Council grew its stake in shares of Docusign by 140.6% during the third quarter. South Dakota Investment Council now owns 53,373 shares of the company’s stock valued at $3,848,000 after purchasing an additional 31,192 shares during the last quarter. 77.64% of the stock is owned by institutional investors.

Insider Transactions at Docusign

In other news, insider Robert Chatwani sold 13,818 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $68.33, for a total value of $944,183.94. Following the completion of the transaction, the insider owned 70,197 shares in the company, valued at $4,796,561.01. This represents a 16.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Allan C. Thygesen sold 26,250 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $69.60, for a total transaction of $1,827,000.00. Following the sale, the chief executive officer directly owned 142,261 shares of the company’s stock, valued at $9,901,365.60. This represents a 15.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 77,476 shares of company stock valued at $5,302,678. 1.01% of the stock is currently owned by insiders.

Docusign Stock Performance

Shares of DOCU opened at $48.69 on Friday. The stock has a 50 day simple moving average of $53.84 and a 200 day simple moving average of $65.84. Docusign Inc. has a 52-week low of $40.16 and a 52-week high of $94.67. The firm has a market capitalization of $9.75 billion, a PE ratio of 34.05, a P/E/G ratio of 2.10 and a beta of 1.03.

Analysts Set New Price Targets

DOCU has been the subject of a number of research reports. Piper Sandler lowered their price target on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Jefferies Financial Group downgraded Docusign from a “buy” rating to a “hold” rating and dropped their target price for the stock from $105.00 to $45.00 in a research report on Monday, February 23rd. JPMorgan Chase & Co. cut their price target on Docusign from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Wedbush lowered their price objective on Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Finally, HSBC set a $53.00 price objective on Docusign in a report on Friday, February 13th. Five investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Docusign presently has an average rating of “Hold” and an average price target of $78.80.

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.