DocuSign, Inc. (NASDAQ:DOCU – Get Free Report) Director Teresa Briggs sold 534 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $56.56, for a total transaction of $30,203.04. Following the completion of the transaction, the director now directly owns 7,202 shares of the company’s stock, valued at $407,345.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
DocuSign Stock Up 1.7 %
Shares of NASDAQ:DOCU opened at $56.64 on Thursday. The company has a market cap of $11.60 billion, a PE ratio of 108.92, a P/E/G ratio of 5.99 and a beta of 0.93. DocuSign, Inc. has a fifty-two week low of $38.11 and a fifty-two week high of $64.76. The firm has a 50-day simple moving average of $55.76 and a 200 day simple moving average of $56.13.
DocuSign (NASDAQ:DOCU – Get Free Report) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.17. The business had revenue of $736.03 million for the quarter, compared to analysts’ expectations of $727.20 million. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. As a group, research analysts forecast that DocuSign, Inc. will post 0.99 EPS for the current fiscal year.
Analyst Ratings Changes
View Our Latest Stock Report on DOCU
Institutional Investors Weigh In On DocuSign
Hedge funds have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV grew its position in shares of DocuSign by 5,000.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the last quarter. Mather Group LLC. grew its position in DocuSign by 4,338.5% in the 2nd quarter. Mather Group LLC. now owns 577 shares of the company’s stock worth $31,000 after purchasing an additional 564 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of DocuSign in the first quarter valued at approximately $37,000. ICA Group Wealth Management LLC acquired a new stake in shares of DocuSign in the fourth quarter valued at approximately $39,000. Finally, nVerses Capital LLC bought a new stake in shares of DocuSign during the second quarter valued at approximately $48,000. 77.64% of the stock is currently owned by institutional investors.
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.
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