DocuSign, Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson Sells 14,036 Shares

DocuSign, Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 14,036 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $55.47, for a total value of $778,576.92. Following the transaction, the chief financial officer now owns 87,611 shares of the company’s stock, valued at approximately $4,859,782.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, June 20th, Blake Jeffrey Grayson sold 49,123 shares of DocuSign stock. The shares were sold at an average price of $51.15, for a total value of $2,512,641.45.

DocuSign Stock Performance

DocuSign stock opened at $56.64 on Thursday. DocuSign, Inc. has a fifty-two week low of $38.11 and a fifty-two week high of $64.76. The stock has a market cap of $11.60 billion, a P/E ratio of 108.92, a price-to-earnings-growth ratio of 5.99 and a beta of 0.93. The firm’s fifty day moving average price is $55.76 and its 200-day moving average price is $56.13.

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

Wall Street Analysts Forecast Growth

DOCU has been the subject of several recent research reports. Royal Bank of Canada lifted their target price on shares of DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Friday, September 6th. Wells Fargo & Company boosted their target price on shares of DocuSign from $48.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Robert W. Baird raised their price target on DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Morgan Stanley reduced their price target on DocuSign from $65.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, June 7th. Finally, Piper Sandler dropped their price objective on DocuSign from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DocuSign has an average rating of “Hold” and a consensus price target of $61.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. American Trust purchased a new position in DocuSign in the 2nd quarter worth $281,000. Sanctuary Advisors LLC purchased a new position in shares of DocuSign in the second quarter worth about $942,000. Clearbridge Investments LLC lifted its stake in shares of DocuSign by 4.1% in the 2nd quarter. Clearbridge Investments LLC now owns 2,920,842 shares of the company’s stock valued at $156,265,000 after acquiring an additional 115,616 shares during the last quarter. Truist Financial Corp boosted its holdings in DocuSign by 18.1% during the 2nd quarter. Truist Financial Corp now owns 9,138 shares of the company’s stock valued at $489,000 after acquiring an additional 1,399 shares during the period. Finally, Quarry LP bought a new position in DocuSign during the 2nd quarter worth approximately $53,000. 77.64% of the stock is currently owned by institutional investors.

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.