Key Points
- Docusign insider James Shaughnessy sold 12,000 shares at an average price of $68.80, generating $825,600. The Rule 10b5-1 transaction reduced his direct ownership by 19.17% to 50,591 shares.
- Docusign reported quarterly EPS of $1.16, exceeding the $1.09 consensus estimate, while revenue rose 9.4% year over year to $875.75 million.
- Analysts maintain a consensus “Hold” rating, with an average price target of $67.33; institutional investors own 77.64% of the company’s stock.
Docusign Inc. (NASDAQ:DOCU - Get Free Report) Director Mary Wilderotter sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $68.80, for a total transaction of $68,800.00. Following the completion of the sale, the director directly owned 2,199 shares of the company's stock, valued at approximately $151,291.20. This represents a 31.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mary Agnes Wilderotter also recently made the following trade(s):
- On Wednesday, September 16th, Mary Wilderotter sold 1,096 shares of Docusign stock. The stock was sold at an average price of $70.60, for a total transaction of $77,377.60.
Docusign Stock Down 1.0%
Shares of DOCU opened at $69.01 on Friday. The stock's fifty day simple moving average is $63.52 and its 200-day simple moving average is $52.98. The firm has a market capitalization of $12.90 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.86. Docusign Inc. has a 12-month low of $40.16 and a 12-month high of $75.00.
Docusign (NASDAQ:DOCU - Get Free Report) last issued its earnings results on Thursday, September 3rd. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.09 by $0.07. The company had revenue of $875.75 million during the quarter, compared to analysts' expectations of $867.22 million. Docusign had a net margin of 9.82% and a return on equity of 18.29%. The business'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 company posted $0.30 EPS. Analysts anticipate that Docusign Inc. will post 2.13 EPS for the current year.
Trending Headlines about Docusign
Here are the key news stories impacting Docusign this week:
- Positive Sentiment: Institutional ownership remains substantial at approximately 77.6%, with BlackRock initiating a position and Capital World Investors and Arrowstreet Capital increasing their holdings. This suggests continued support from large investors. Docusign insider trading report
- Neutral Sentiment: Docusign’s latest reported quarter showed adjusted earnings of $1.16 per share and revenue of $875.75 million, exceeding analyst estimates, while revenue increased 9.4% year over year. Analysts nevertheless maintain a consensus “Hold” rating, with an average price target of $67.33. Docusign AI and analyst outlook
- Neutral Sentiment: Kaspersky warned of phishing campaigns impersonating Zoom and Docusign. The report concerns third-party scams rather than a confirmed breach of Docusign, but it highlights cybersecurity and reputational risks that investors may monitor. Kaspersky phishing campaign report
- Negative Sentiment: CEO Allan Thygesen sold 26,250 shares for approximately $1.82 million, reducing his direct ownership by 13.6%. CRO Paula Hansen also sold 3,300 shares for about $227,000. Docusign CEO stock sale
- Negative Sentiment: Insider James Shaughnessy sold 12,000 shares worth $825,600, while director Mary Wilderotter sold 1,000 shares worth $68,800. The cluster of insider selling can reinforce profit-taking concerns, even though each transaction was prearranged. Docusign insider sales report
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of DOCU. Modus Advisors LLC acquired a new stake in Docusign in the fourth quarter valued at approximately $27,000. WealthCollab LLC increased its holdings 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 buying an additional 674 shares in the last quarter. Virtus Advisers LLC bought a new position in shares of Docusign in the 2nd quarter valued at $47,000. Rakuten Securities Inc. bought a new position in shares of Docusign in the 2nd quarter valued at $49,000. Finally, Harbour Investments Inc. boosted its holdings in shares of Docusign by 56.6% during the 4th quarter. Harbour Investments Inc. now owns 797 shares of the company's stock valued at $55,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 77.64% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently commented on DOCU. Bank of America boosted their price objective on shares of Docusign from $58.00 to $64.00 and gave the company an "underperform" rating in a research report on Friday, September 4th. Citigroup increased their target price on Docusign from $54.00 to $72.00 and gave the stock a "neutral" rating in a report on Friday, September 4th. Needham & Company LLC reissued a "hold" rating on shares of Docusign in a research note on Friday, September 4th. Royal Bank Of Canada boosted their target price on Docusign from $55.00 to $70.00 and gave the company a "sector perform" rating in a research note on Friday, September 4th. Finally, Wall Street Zen downgraded shares of Docusign from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 2nd. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $67.33.
Read Our Latest Analysis on Docusign
About Docusign
(
Get Free Report)
DocuSign, Inc (NASDAQ:DOCU) provides cloud-based software for electronically signing, managing and automating agreements. Its platform enables individuals and organizations to prepare, send, sign, track and store documents digitally, helping replace paper-based contracting processes.
The company's offerings include electronic signature tools, contract lifecycle management, identity verification and authentication services, document generation, agreement analytics and related workflow automation capabilities.
Further Reading
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