Insider Selling: DocuSign, Inc. (NASDAQ:DOCU) Insider Sells 7,500 Shares of Stock

DocuSign, Inc. (NASDAQ:DOCU) insider James P. Shaughnessy sold 7,500 shares of DocuSign stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $81.31, for a total value of $609,825.00. Following the sale, the insider now directly owns 45,875 shares in the company, valued at $3,730,096.25. The trade was a 14.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

DocuSign Stock Performance

DOCU opened at $72.21 on Friday. The company has a fifty day moving average price of $86.02 and a two-hundred day moving average price of $81.98. The firm has a market capitalization of $14.62 billion, a PE ratio of 14.89, a P/E/G ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86.

DocuSign (NASDAQ:DOCU) last issued its earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $776.25 million for the quarter, compared to analysts’ expectations of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 earnings per share. Equities analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current year.

Hedge Funds Weigh In On DocuSign

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in DocuSign during the third quarter worth about $28,000. Kestra Investment Management LLC bought a new stake in DocuSign during the 4th quarter worth approximately $30,000. Modus Advisors LLC acquired a new stake in DocuSign during the 4th quarter worth approximately $36,000. First Horizon Advisors Inc. lifted its stake in DocuSign by 102.6% in the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock valued at $36,000 after buying an additional 201 shares in the last quarter. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of DocuSign in the fourth quarter valued at approximately $37,000. 77.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on DOCU. Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and set a $124.00 target price on shares of DocuSign in a research report on Tuesday, January 7th. Morgan Stanley boosted their price target on shares of DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. UBS Group cut their target price on shares of DocuSign from $100.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $90.00 price target on shares of DocuSign in a report on Friday, March 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.83.

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.