Docusign Inc. (NASDAQ:DOCU - Get Free Report) CFO Blake Grayson sold 15,000 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $65.57, for a total transaction of $983,550.00. Following the sale, the chief financial officer directly owned 81,429 shares in the company, valued at $5,339,299.53. This trade represents a 15.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Blake Jeffrey Grayson also recently made the following trade(s):
- On Friday, September 4th, Blake Grayson sold 30,000 shares of Docusign stock. The shares were sold at an average price of $70.00, for a total transaction of $2,100,000.00.
- On Friday, August 7th, Blake Grayson sold 15,000 shares of Docusign stock. The shares were sold at an average price of $60.00, for a total transaction of $900,000.00.
- On Wednesday, July 1st, Blake Grayson sold 15,000 shares of Docusign stock. The stock was sold at an average price of $45.55, for a total transaction of $683,250.00.
Docusign Stock Down 4.9%
DOCU stock opened at $65.08 on Wednesday. Docusign Inc. has a 52-week low of $40.16 and a 52-week high of $86.65. The firm has a market cap of $12.43 billion, a P/E ratio of 39.68, a PEG ratio of 2.43 and a beta of 0.90. The company's 50-day simple moving average is $56.58 and its 200-day simple moving average is $50.21.
Docusign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.07. The firm had revenue of $875.75 million during the quarter, compared to analyst estimates of $867.22 million. Docusign had a return on equity of 18.29% and a net margin of 9.82%.Docusign's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. On average, analysts anticipate that Docusign Inc. will post 2.03 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Docusign
Several large investors have recently bought and sold shares of DOCU. Modus Advisors LLC acquired a new position in shares of Docusign during the fourth quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Docusign by 309.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company's stock worth $38,000 after acquiring an additional 424 shares during the last quarter. Basepoint Wealth LLC acquired a new stake in shares of Docusign in the fourth quarter worth approximately $39,000. WealthCollab LLC increased its position in shares of Docusign by 372.4% during the first quarter. WealthCollab LLC now owns 855 shares of the company's stock worth $41,000 after purchasing an additional 674 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new stake in shares of Docusign during the second quarter worth approximately $47,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently commented on DOCU. Piper Sandler boosted their price objective on Docusign from $52.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday. Wall Street Zen lowered Docusign from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 2nd. Needham & Company LLC reissued a "hold" rating on shares of Docusign in a research note on Friday, September 4th. Citizens Jmp reissued a "market outperform" rating and issued a $86.00 price target on shares of Docusign in a report on Friday, September 4th. Finally, Robert W. Baird upped their price objective on shares of Docusign from $55.00 to $72.00 and gave the stock a "neutral" rating in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Docusign has a consensus rating of "Hold" and an average target price of $67.33.
View Our Latest Stock Report on Docusign
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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