DocuSign, Inc. (NASDAQ:DOCU – Get Free Report) insider James P. Shaughnessy sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $67.83, for a total value of $508,725.00. Following the completion of the transaction, the insider now owns 43,301 shares of the company’s stock, valued at $2,937,106.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
DocuSign Trading Down 0.5 %
DOCU opened at $68.89 on Friday. DocuSign, Inc. has a 1-year low of $38.11 and a 1-year high of $69.78. The stock’s fifty day simple moving average is $58.30 and its 200 day simple moving average is $56.83. The stock has a market cap of $13.98 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 7.33 and a beta of 0.92.
DocuSign (NASDAQ:DOCU – Get Free Report) 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 business had revenue of $736.03 million for the quarter, compared to analysts’ expectations of $727.20 million. During the same quarter in the prior year, the business earned $0.09 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts forecast that DocuSign, Inc. will post 1.01 earnings per share for the current year.
Analysts Set New Price Targets
View Our Latest Analysis on DocuSign
Institutional Investors Weigh In On DocuSign
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in DocuSign by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 21,399,739 shares of the company’s stock valued at $1,272,214,000 after acquiring an additional 417,352 shares during the period. Coatue Management LLC bought a new position in DocuSign during the 4th quarter worth $288,274,000. American Century Companies Inc. increased its position in DocuSign by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 4,099,400 shares of the company’s stock worth $219,318,000 after buying an additional 75,026 shares during the period. Renaissance Technologies LLC increased its position in DocuSign by 18.3% during the 2nd quarter. Renaissance Technologies LLC now owns 3,729,314 shares of the company’s stock worth $199,518,000 after buying an additional 576,414 shares during the period. Finally, Pacer Advisors Inc. increased its position in DocuSign by 77.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company’s stock worth $188,318,000 after buying an additional 1,541,816 shares during the period. Institutional investors own 77.64% of the company’s stock.
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.
See Also
- Five stocks we like better than DocuSign
- Comparing and Trading High PE Ratio Stocks
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
- Earnings Per Share Calculator: How to Calculate EPS
- China’s EV Rally: Should Investors Chase, Avoid, or Buy the Dip?
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- MarketBeat Week in Review – 10/7 – 10/11
Receive News & Ratings for DocuSign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DocuSign and related companies with MarketBeat.com's FREE daily email newsletter.