DocuSign, Inc. (NASDAQ:DOCU) Insider Robert Chatwani Sells 14,800 Shares

DocuSign, Inc. (NASDAQ:DOCU) insider Robert Chatwani sold 14,800 shares of DocuSign stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $97.76, for a total value of $1,446,848.00. Following the transaction, the insider now directly owns 73,414 shares of the company’s stock, valued at approximately $7,176,952.64. The trade was a 16.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

DocuSign Stock Performance

NASDAQ DOCU opened at $92.71 on Thursday. The stock has a fifty day moving average of $79.83 and a 200-day moving average of $64.22. The stock has a market capitalization of $18.73 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 8.72 and a beta of 0.92. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Piper Sandler increased their target price on shares of DocuSign from $60.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Wells Fargo & Company raised their price objective on shares of DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a report on Friday, December 6th. Citigroup boosted their target price on DocuSign from $87.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $90.00 price target (up from $57.00) on shares of DocuSign in a report on Friday, December 6th. Finally, HSBC reiterated a “reduce” rating on shares of DocuSign in a research report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, DocuSign has an average rating of “Hold” and an average price target of $92.45.

Institutional Investors Weigh In On DocuSign

Several institutional investors have recently modified their holdings of DOCU. Itau Unibanco Holding S.A. acquired a new stake in DocuSign during the 3rd quarter worth $28,000. Brooklyn Investment Group bought a new stake in DocuSign in the third quarter valued at about $33,000. Reston Wealth Management LLC acquired a new position in DocuSign in the third quarter valued at about $47,000. nVerses Capital LLC acquired a new position in shares of DocuSign during the 2nd quarter worth about $48,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of DocuSign in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

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.