Key Points
- Robert Chatwani sold 983 shares of DocuSign on Dec. 11 at $68.62 for $67,453.46, trimming his stake by 1.38% to 70,179 shares (≈$4.82M).
- Chatwani has made larger recent disposals as well — 13,817 shares on Sept. 17 at $83.10 and 1,682 shares on Sept. 15 at $80.30 — indicating ongoing insider selling.
- DOCU opened at $71.11 (12‑month range $63.41–$99.71) with a $14.24B market cap; Wall Street’s consensus is a "Hold" with a $86.71 target (4 Buy, 16 Hold).
Docusign Inc. (NASDAQ:DOCU - Get Free Report) insider Robert Chatwani sold 983 shares of Docusign stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $68.62, for a total value of $67,453.46. Following the completion of the transaction, the insider owned 70,179 shares of the company's stock, valued at approximately $4,815,682.98. This trade represents a 1.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Robert Chatwani also recently made the following trade(s):
- On Wednesday, September 17th, Robert Chatwani sold 13,817 shares of Docusign stock. The stock was sold at an average price of $83.10, for a total value of $1,148,192.70.
- On Monday, September 15th, Robert Chatwani sold 1,682 shares of Docusign stock. The stock was sold at an average price of $80.30, for a total transaction of $135,064.60.
Docusign Stock Up 1.3%
DOCU stock opened at $71.11 on Friday. Docusign Inc. has a twelve month low of $63.41 and a twelve month high of $99.71. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 49.73, a price-to-earnings-growth ratio of 3.53 and a beta of 0.98. The firm's fifty day simple moving average is $69.18 and its two-hundred day simple moving average is $74.68.
Institutional Investors Weigh In On Docusign
Several hedge funds have recently made changes to their positions in the company. Banque Transatlantique SA bought a new position in shares of Docusign during the 1st quarter worth $26,000. Summit Securities Group LLC purchased a new stake in Docusign in the first quarter worth about $34,000. Rise Advisors LLC grew its holdings in Docusign by 864.6% during the 1st quarter. Rise Advisors LLC now owns 463 shares of the company's stock worth $38,000 after acquiring an additional 415 shares in the last quarter. WPG Advisers LLC bought a new position in Docusign during the 1st quarter worth about $39,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Docusign during the 2nd quarter valued at about $43,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on DOCU. Argus reissued a "hold" rating on shares of Docusign in a research report on Monday, September 8th. Citigroup upped their target price on Docusign from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. Needham & Company LLC reissued a "hold" rating on shares of Docusign in a research note on Friday, December 5th. Royal Bank Of Canada restated a "sector perform" rating and set a $95.00 price objective on shares of Docusign in a report on Friday, December 5th. Finally, Wall Street Zen upgraded Docusign from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Four investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $86.71.
View Our Latest Report 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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