BlackRock Discloses 10.0% Stake in DocuSign as of Dec 31, 2023
Ticker: DOCU · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1261333
| Field | Detail |
|---|---|
| Company | Docusign, Inc. (DOCU) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, stake-disclosure, passive-investment
TL;DR
**BlackRock owns 10% of DocuSign, a big vote of confidence!**
AI Summary
BlackRock, Inc. reported on January 29, 2024, that as of December 31, 2023, it beneficially owns 20,410,539 shares of DocuSign, Inc. Common Stock. This represents a 10.0% ownership stake in the company. This filing is important for investors as it signals that a major institutional investor like BlackRock maintains a significant position in DocuSign, which can be interpreted as a vote of confidence in the company's future prospects.
Why It Matters
This filing shows that a major institutional investor, BlackRock, holds a substantial stake in DocuSign, indicating their continued belief in the company's value.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk.
Analyst Insight
A smart investor would view BlackRock's significant 10.0% stake as a positive signal, suggesting confidence in DocuSign's long-term prospects, and might consider further research into DocuSign's fundamentals.
Key Numbers
- 20,410,539 — Shares Beneficially Owned (Represents BlackRock's total ownership in DocuSign.)
- 10.0% — Percentage of Class Owned (Indicates BlackRock's significant influence as a shareholder.)
Key Players & Entities
- BlackRock, Inc. (company) — reporting person and beneficial owner
- DOCUSIGN, INC. (company) — subject company (issuer)
- 20,410,539 (dollar_amount) — number of shares beneficially owned
- 10.0% (dollar_amount) — percentage of class owned
- December 31, 2023 (person) — date of event requiring filing
Forward-Looking Statements
- BlackRock will maintain a significant stake in DocuSign, signaling continued institutional confidence. (BlackRock, Inc.) — high confidence, target: Q2 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is BlackRock, Inc., as stated under 'Names of reporting persons. BlackRock, Inc.'
What is the name of the issuer whose securities are being reported on?
The name of the issuer is DOCUSIGN, INC., as indicated under '(Name of Issuer) DOCUSIGN, INC.'
What was the date of the event that required the filing of this statement?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
What percentage of DocuSign's Common Stock does BlackRock, Inc. beneficially own?
BlackRock, Inc. beneficially owns 10.0% of DocuSign, Inc.'s Common Stock, as stated in the filing.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, indicated by '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 by December 31, 2023 regarding DOCUSIGN, INC. (DOCU).