DocuSign, Inc. (NASDAQ:DOCU) CFO Sells $657,177.60 in Stock

DocuSign, Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 9,552 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $68.80, for a total value of $657,177.60. Following the completion of the sale, the chief financial officer now owns 78,265 shares of the company’s stock, valued at $5,384,632. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, September 18th, Blake Jeffrey Grayson sold 14,036 shares of DocuSign stock. The shares were sold at an average price of $55.47, for a total value of $778,576.92.

DocuSign Trading Down 0.3 %

NASDAQ:DOCU opened at $72.30 on Friday. DocuSign, Inc. has a 12 month low of $38.11 and a 12 month high of $73.80. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 139.04, a PEG ratio of 7.33 and a beta of 0.92. The firm has a fifty day simple moving average of $60.31 and a two-hundred day simple moving average of $57.26.

DocuSign (NASDAQ:DOCU) last issued its earnings results on Thursday, September 5th. The company reported $0.97 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $727.20 million. During the same period last year, the business posted $0.09 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts predict that DocuSign, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on DOCU shares. Robert W. Baird lifted their price objective on DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Bank of America boosted 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. Wells Fargo & Company increased their price objective on shares of DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. JMP Securities restated a “market outperform” rating and issued a $84.00 target price on shares of DocuSign in a report on Thursday, September 5th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, DocuSign currently has an average rating of “Hold” and a consensus target price of $63.40.

Institutional Investors Weigh In On DocuSign

Hedge funds have recently added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. raised its position in shares of DocuSign by 316.6% during the first quarter. Jericho Capital Asset Management L.P. now owns 3,417,908 shares of the company’s stock worth $203,536,000 after purchasing an additional 2,597,489 shares during the period. Thrivent Financial for Lutherans bought a new stake in DocuSign during the 2nd quarter valued at $115,795,000. Pacer Advisors Inc. raised its holdings in DocuSign by 77.9% during the second 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 last quarter. Renaissance Technologies LLC lifted its stake in shares of DocuSign by 18.3% in the second quarter. Renaissance Technologies LLC now owns 3,729,314 shares of the company’s stock valued at $199,518,000 after buying an additional 576,414 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of DocuSign by 151.3% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 865,872 shares of the company’s stock valued at $46,324,000 after buying an additional 521,292 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

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.