Docusign (NASDAQ:DOCU) CFO Sells 6,500 Shares

Docusign Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 6,500 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $70.00, for a total transaction of $455,000.00. Following the sale, the chief financial officer owned 111,713 shares of the company’s stock, valued at approximately $7,819,910. The trade was a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, December 17th, Blake Jeffrey Grayson sold 9,515 shares of Docusign stock. The stock was sold at an average price of $68.33, for a total value of $650,159.95.

Docusign Stock Performance

DOCU stock traded down $3.80 during trading on Tuesday, hitting $64.51. 3,618,434 shares of the company traded hands, compared to its average volume of 3,235,887. The company has a 50-day moving average of $68.21 and a 200-day moving average of $72.77. Docusign Inc. has a 1 year low of $63.41 and a 1 year high of $99.30. The firm has a market capitalization of $12.92 billion, a PE ratio of 45.11, a P/E/G ratio of 3.39 and a beta of 0.99.

Institutional Trading of Docusign

Large investors have recently made changes to their positions in the stock. Centaurus Financial Inc. boosted its holdings in Docusign by 2.6% in the second quarter. Centaurus Financial Inc. now owns 5,398 shares of the company’s stock worth $420,000 after purchasing an additional 136 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Docusign by 31.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 595 shares of the company’s stock worth $46,000 after purchasing an additional 142 shares during the last quarter. Total Wealth Planning & Management Inc. grew its stake in shares of Docusign by 4.8% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 3,170 shares of the company’s stock valued at $247,000 after purchasing an additional 146 shares during the period. Mitchell & Pahl Private Wealth LLC increased its position in shares of Docusign by 0.7% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 21,422 shares of the company’s stock valued at $1,544,000 after purchasing an additional 149 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its stake in shares of Docusign by 5.7% in the 2nd quarter. Moors & Cabot Inc. now owns 2,780 shares of the company’s stock worth $217,000 after purchasing an additional 150 shares during the period. 77.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DOCU has been the subject of a number of analyst reports. Wedbush dropped their target price on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Royal Bank Of Canada cut their target price on shares of Docusign from $95.00 to $70.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. JMP Securities reissued a “market outperform” rating and issued a $124.00 target price on shares of Docusign in a research report on Friday, October 3rd. Piper Sandler lowered their price objective on Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Finally, UBS Group dropped their price objective on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Six equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $85.13.

Docusign Company Profile

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.