DocuSign, Inc. (NASDAQ:DOCU) Receives $59.36 Average PT from Analysts

Shares of DocuSign, Inc. (NASDAQ:DOCU) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $59.36.

A number of equities research analysts have issued reports on DOCU shares. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Friday, June 7th. Citigroup decreased their price target on shares of DocuSign from $93.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Piper Sandler lowered their target price on DocuSign from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, June 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $84.00 price target on shares of DocuSign in a report on Friday, June 7th. Finally, Bank of America decreased their price objective on DocuSign from $72.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th.

Insider Buying and Selling at DocuSign

In other DocuSign news, insider James P. Shaughnessy sold 1,800 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $57.50, for a total transaction of $103,500.00. Following the completion of the transaction, the insider now directly owns 46,503 shares in the company, valued at $2,673,922.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other DocuSign news, insider James P. Shaughnessy sold 1,800 shares of DocuSign stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $57.50, for a total transaction of $103,500.00. Following the sale, the insider now owns 46,503 shares of the company’s stock, valued at approximately $2,673,922.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Chatwani sold 14,799 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $52.17, for a total transaction of $772,063.83. Following the completion of the sale, the insider now owns 68,083 shares of the company’s stock, valued at $3,551,890.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,107 shares of company stock valued at $4,861,484. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Capital Analysts LLC raised its position in shares of DocuSign by 781.7% during the 4th quarter. Capital Analysts LLC now owns 529 shares of the company’s stock valued at $31,000 after buying an additional 469 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new position in shares of DocuSign in the 4th quarter valued at $32,000. Register Financial Advisors LLC purchased a new position in shares of DocuSign during the 1st quarter worth $37,000. ICA Group Wealth Management LLC acquired a new stake in shares of DocuSign during the 4th quarter worth about $39,000. Finally, Whittier Trust Co. raised its holdings in DocuSign by 28.8% in the 4th quarter. Whittier Trust Co. now owns 935 shares of the company’s stock valued at $56,000 after buying an additional 209 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

DocuSign Price Performance

Shares of DOCU stock opened at $51.62 on Monday. DocuSign has a one year low of $38.11 and a one year high of $64.76. The company’s fifty day moving average price is $55.91 and its 200-day moving average price is $56.83. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 99.27, a PEG ratio of 4.31 and a beta of 0.89.

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.