DocuSign, Inc. (NASDAQ:DOCU) Insider James P. Shaughnessy Sells 7,500 Shares

DocuSign, Inc. (NASDAQ:DOCU) insider James P. Shaughnessy sold 7,500 shares of DocuSign stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $90.17, for a total value of $676,275.00. Following the transaction, the insider now directly owns 43,781 shares in the company, valued at approximately $3,947,732.77. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DocuSign Stock Up 0.5 %

Shares of NASDAQ DOCU opened at $90.35 on Friday. The firm has a 50-day moving average price of $84.77 and a 200 day moving average price of $67.26. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The stock has a market capitalization of $18.25 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 8.72 and a beta of 0.92.

Analyst Ratings Changes

Several research firms recently commented on DOCU. Royal Bank of Canada reiterated a “sector perform” rating and issued a $90.00 price target (up previously from $57.00) on shares of DocuSign in a research report on Friday, December 6th. HSBC reissued a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. Wells Fargo & Company upped their price objective on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research note on Friday, December 6th. Citigroup lifted their target price on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Bank of America upped their price target on DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.45.

Institutional Investors Weigh In On DocuSign

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new position in DocuSign in the 3rd quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new position in shares of DocuSign during the 3rd quarter worth $33,000. Reston Wealth Management LLC purchased a new stake in shares of DocuSign in the 3rd quarter worth about $47,000. Wilmington Savings Fund Society FSB acquired a new stake in DocuSign in the 3rd quarter valued at about $51,000. Finally, nVerses Capital LLC acquired a new stake in DocuSign in the 2nd quarter valued at about $48,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

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.