Paula Hansen Sells 6,000 Shares of Docusign (NASDAQ:DOCU) Stock

Docusign Inc. (NASDAQ:DOCU - Get Free Report) CRO Paula Hansen sold 6,000 shares of the company's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $46.84, for a total value of $281,040.00. Following the sale, the executive owned 79,233 shares of the company's stock, valued at $3,711,273.72. The trade was a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Paula Hansen also recently made the following trade(s):

• On Friday, January 2nd, Paula Hansen sold 6,000 shares of Docusign stock. The shares were sold at an average price of $67.05, for a total value of $402,300.00.

Docusign Stock Performance

Shares of DOCU opened at $48.37 on Friday. Docusign Inc. has a 52-week low of $40.16 and a 52-week high of $94.67. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 1.88 and a beta of 0.99. The business's fifty day moving average is $47.58 and its 200-day moving average is $62.08.

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Docusign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings data on Tuesday, March 17th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.06. Docusign had a return on equity of 16.86% and a net margin of 9.60%.The business had revenue of $836.86 million during the quarter, compared to the consensus estimate of $828.23 million. During the same period in the prior year, the company earned $0.86 EPS. Docusign's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts forecast that Docusign Inc. will post 1.17 EPS for the current fiscal year.

Docusign declared that its board has approved a share repurchase program on Tuesday, March 17th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 21% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

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Several brokerages recently issued reports on DOCU. BTIG Research reaffirmed a "buy" rating and set a $70.00 price target on shares of Docusign in a report on Wednesday, March 18th. Citizens Jmp cut their target price on shares of Docusign from $124.00 to $86.00 and set a "market outperform" rating on the stock in a research report on Wednesday, March 18th. HSBC set a $53.00 target price on shares of Docusign in a research note on Friday, February 13th. JPMorgan Chase & Co. dropped their price target on Docusign from $78.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, March 18th. Finally, Bank of America began coverage on Docusign in a report on Tuesday. They set an "underperform" rating and a $52.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Docusign presently has an average rating of "Hold" and a consensus target price of $64.67.

View Our Latest Stock Analysis on Docusign

Institutional Investors Weigh In On Docusign

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Docusign in the 4th quarter valued at approximately $186,795,000. Capital World Investors lifted its holdings in shares of Docusign by 38.1% during the fourth quarter. Capital World Investors now owns 5,815,804 shares of the company's stock worth $397,801,000 after purchasing an additional 1,603,900 shares during the period. Woodline Partners LP grew its stake in shares of Docusign by 24,412.7% in the third quarter. Woodline Partners LP now owns 958,938 shares of the company's stock worth $69,130,000 after purchasing an additional 955,026 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Docusign by 46.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,001,132 shares of the company's stock valued at $205,277,000 after purchasing an additional 946,512 shares during the period. Finally, Marshall Wace LLP increased its holdings in Docusign by 1,575.5% in the fourth quarter. Marshall Wace LLP now owns 888,411 shares of the company's stock valued at $60,767,000 after purchasing an additional 835,388 shares during the period. 77.64% of the stock is owned by institutional investors.

About Docusign

(Get Free Report)

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.

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