Docusign Inc. (NASDAQ:DOCU - Get Free Report) CFO Blake Jeffrey Grayson sold 15,143 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $74.80, for a total value of $1,132,696.40. Following the sale, the chief financial officer now owns 110,723 shares in the company, valued at approximately $8,282,080.40. This trade represents a 12.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Blake Jeffrey Grayson also recently made the following trade(s):
- On Tuesday, April 15th, Blake Jeffrey Grayson sold 8,000 shares of Docusign stock. The stock was sold at an average price of $76.09, for a total value of $608,720.00.
Docusign Price Performance
Shares of NASDAQ DOCU opened at $75.25 on Thursday. The company has a 50 day simple moving average of $82.18 and a 200 day simple moving average of $85.91. Docusign Inc. has a 1 year low of $48.80 and a 1 year high of $107.86. The firm has a market cap of $15.21 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 28.37 and a beta of 1.14.
Docusign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.09. Docusign had a return on equity of 14.27% and a net margin of 36.50%. The firm had revenue of $763.65 million for the quarter, compared to analyst estimates of $748.79 million. During the same quarter in the previous year, the company posted $0.82 EPS. The business's revenue was up 7.6% on a year-over-year basis. As a group, research analysts anticipate that Docusign Inc. will post 1.17 earnings per share for the current fiscal year.
Docusign announced that its Board of Directors has approved a stock repurchase program on Thursday, June 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.
Institutional Investors Weigh In On Docusign
A number of large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in Docusign by 178.2% during the 4th quarter. FMR LLC now owns 6,101,024 shares of the company's stock worth $548,726,000 after buying an additional 3,908,139 shares during the period. American Century Companies Inc. grew its stake in Docusign by 3.1% in the first quarter. American Century Companies Inc. now owns 5,477,758 shares of the company's stock valued at $445,890,000 after acquiring an additional 162,299 shares during the period. Jericho Capital Asset Management L.P. increased its holdings in shares of Docusign by 34.0% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 4,754,753 shares of the company's stock valued at $427,642,000 after acquiring an additional 1,205,500 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Docusign by 4.9% during the fourth quarter. Renaissance Technologies LLC now owns 4,363,292 shares of the company's stock valued at $392,434,000 after acquiring an additional 205,304 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Docusign by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 3,732,363 shares of the company's stock worth $335,147,000 after purchasing an additional 249,179 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
DOCU has been the subject of a number of research reports. Royal Bank Of Canada reissued a "sector perform" rating and issued a $90.00 price target on shares of Docusign in a report on Friday, March 14th. UBS Group lowered their target price on Docusign from $85.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. Robert W. Baird dropped their target price on Docusign from $93.00 to $85.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Jefferies Financial Group decreased their price target on Docusign from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, William Blair reiterated an "outperform" rating on shares of Docusign in a research report on Monday, April 21st. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $89.77.
Get Our Latest Analysis on Docusign
About Docusign
(
Get Free Report)
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.
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