Blake Jeffrey Grayson Sells 15,588 Shares of DocuSign, Inc. (NASDAQ:DOCU) Stock

DocuSign, Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 15,588 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $97.78, for a total transaction of $1,524,194.64. Following the completion of the sale, the chief financial officer now owns 85,851 shares of the company’s stock, valued at approximately $8,394,510.78. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Blake Jeffrey Grayson also recently made the following trade(s):

• On Monday, December 16th, Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock. The shares were sold at an average price of $94.77, for a total transaction of $758,160.00.
• On Tuesday, October 15th, Blake Jeffrey Grayson sold 9,552 shares of DocuSign stock. The stock was sold at an average price of $68.80, for a total value of $657,177.60.

DocuSign Trading Up 0.3 %

DOCU opened at $94.41 on Friday. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 8.72 and a beta of 0.92. The company has a fifty day simple moving average of $80.84 and a 200 day simple moving average of $64.71.

Wall Street Analysts Forecast Growth

DOCU has been the subject of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research report on Friday, December 6th. Hsbc Global Res upgraded DocuSign to a “moderate sell” rating in a report on Friday, December 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $90.00 price target (up previously from $57.00) on shares of DocuSign in a report on Friday, December 6th. Citigroup boosted their price objective on shares of DocuSign from $87.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Bank of America raised their target price on shares of DocuSign from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.45.

Institutional Trading of DocuSign

Several large investors have recently modified their holdings of the business. Toronto Dominion Bank boosted its holdings in DocuSign by 30.3% in the third quarter. Toronto Dominion Bank now owns 26,159 shares of the company’s stock valued at $1,624,000 after purchasing an additional 6,081 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of DocuSign in the 3rd quarter valued at approximately $911,000. Charles Schwab Investment Management Inc. boosted its stake in shares of DocuSign by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company’s stock valued at $82,478,000 after buying an additional 16,014 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of DocuSign by 5,660.8% during the third quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock worth $27,252,000 after buying an additional 431,295 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in shares of DocuSign by 39.5% in the third quarter. Quantinno Capital Management LP now owns 201,546 shares of the company’s stock worth $12,514,000 after buying an additional 57,104 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

About DocuSign

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.