DocuSign, Inc. (NASDAQ:DOCU) Insider Robert Chatwani Sells 14,799 Shares

DocuSign, Inc. (NASDAQ:DOCU) insider Robert Chatwani sold 14,799 shares of DocuSign stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $55.46, for a total transaction of $820,752.54. Following the sale, the insider now owns 70,748 shares in the company, valued at approximately $3,923,684.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Robert Chatwani also recently made the following trade(s):

• On Monday, June 24th, Robert Chatwani sold 14,799 shares of DocuSign stock. The stock was sold at an average price of $52.17, for a total transaction of $772,063.83.

DocuSign Stock Up 1.7 %

DOCU stock traded up $0.95 during midday trading on Wednesday, reaching $56.64. The stock had a trading volume of 2,379,565 shares, compared to its average volume of 2,684,469. The business has a fifty day simple moving average of $55.76 and a two-hundred day simple moving average of $56.13. DocuSign, Inc. has a twelve month low of $38.11 and a twelve month high of $64.76. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of 108.92, a PEG ratio of 5.99 and a beta of 0.93.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.17. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The company had revenue of $736.03 million for the quarter, compared to the consensus estimate of $727.20 million. During the same quarter in the prior year, the business posted $0.09 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts predict that DocuSign, Inc. will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DocuSign

Institutional investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV lifted its position in DocuSign by 5,000.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares in the last quarter. Mather Group LLC. boosted its position in shares of DocuSign by 4,338.5% during the second quarter. Mather Group LLC. now owns 577 shares of the company’s stock worth $31,000 after buying an additional 564 shares during the period. Register Financial Advisors LLC bought a new position in shares of DocuSign during the first quarter worth about $37,000. ICA Group Wealth Management LLC acquired a new stake in DocuSign in the 4th quarter valued at approximately $39,000. Finally, nVerses Capital LLC bought a new stake in DocuSign in the 2nd quarter valued at approximately $48,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DOCU. Bank of America increased their price target on shares of DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a report on Friday, September 6th. JMP Securities restated a “market outperform” rating and set a $84.00 target price on shares of DocuSign in a research report on Thursday, September 5th. Wells Fargo & Company upped their target price on shares of DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Finally, Robert W. Baird increased their price target on DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, DocuSign has an average rating of “Hold” and a consensus target price of $61.45.

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.