DocuSign, Inc. (NASDAQ:DOCU) Director Sells $46,676.94 in Stock

DocuSign, Inc. (NASDAQ:DOCU) Director Teresa Briggs sold 534 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $87.41, for a total value of $46,676.94. Following the transaction, the director now directly owns 8,270 shares of the company’s stock, valued at $722,880.70. The trade was a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

DocuSign Stock Performance

DocuSign stock traded down $2.33 during mid-day trading on Monday, reaching $83.43. 4,586,211 shares of the company were exchanged, compared to its average volume of 2,590,343. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86. The firm’s 50-day simple moving average is $87.97 and its two-hundred day simple moving average is $79.52. The firm has a market cap of $16.85 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 6.94 and a beta of 1.02.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The company had revenue of $776.25 million during the quarter, compared to analysts’ expectations of $760.94 million. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DOCU shares. Wells Fargo & Company upped their price objective on DocuSign from $70.00 to $73.00 and gave the stock an “underweight” rating in a research report on Friday. JMP Securities reiterated a “market outperform” rating and issued a $124.00 price objective on shares of DocuSign in a report on Tuesday, January 7th. HSBC reiterated a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. Wedbush reiterated a “neutral” rating and issued a $100.00 price objective on shares of DocuSign in a report on Friday. Finally, Jefferies Financial Group increased their price objective on DocuSign from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $95.58.

Institutional Trading of DocuSign

A number of hedge funds have recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI lifted its position in DocuSign by 2.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company’s stock worth $539,000 after acquiring an additional 133 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of DocuSign by 20.9% in the 4th quarter. Rakuten Securities Inc. now owns 797 shares of the company’s stock valued at $72,000 after buying an additional 138 shares during the period. Synergy Financial Group LTD lifted its holdings in shares of DocuSign by 3.4% in the 4th quarter. Synergy Financial Group LTD now owns 4,241 shares of the company’s stock valued at $381,000 after buying an additional 140 shares during the period. M&T Bank Corp lifted its holdings in shares of DocuSign by 1.3% in the 4th quarter. M&T Bank Corp now owns 10,840 shares of the company’s stock valued at $975,000 after buying an additional 143 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of DocuSign by 34.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 557 shares of the company’s stock valued at $50,000 after buying an additional 143 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

DocuSign Company Profile

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.