Docusign Inc. (NASDAQ:DOCU – Get Free Report) Director Anna Marrs sold 365 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $55.04, for a total transaction of $20,089.60. Following the completion of the transaction, the director directly owned 12,615 shares of the company’s stock, valued at approximately $694,329.60. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Anna Marrs also recently made the following trade(s):
- On Thursday, March 5th, Anna Marrs sold 363 shares of Docusign stock. The stock was sold at an average price of $46.33, for a total transaction of $16,817.79.
Docusign Trading Down 2.8%
Shares of NASDAQ DOCU opened at $50.94 on Friday. The firm has a market cap of $9.90 billion, a PE ratio of 34.42, a PEG ratio of 2.00 and a beta of 0.92. Docusign Inc. has a 1-year low of $40.16 and a 1-year high of $94.67. The company has a fifty day moving average price of $47.74 and a 200 day moving average price of $54.21.
Docusign declared that its Board of Directors has initiated a share buyback program on Tuesday, March 17th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 21% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
Hedge Funds Weigh In On Docusign
A number of hedge funds have recently bought and sold shares of DOCU. Central Pacific Bank Trust Division bought a new position in Docusign during the fourth quarter worth $25,000. Modus Advisors LLC purchased a new position in Docusign during the fourth quarter worth about $27,000. Torren Management LLC purchased a new position in Docusign during the fourth quarter worth about $28,000. Aventura Private Wealth LLC purchased a new position in Docusign during the fourth quarter worth about $30,000. Finally, True Wealth Design LLC boosted its holdings in Docusign by 105.2% during the fourth quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $30,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.
Wall Street Analyst Weigh In
DOCU has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their target price on shares of Docusign from $70.00 to $55.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 18th. Weiss Ratings upgraded shares of Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Wells Fargo & Company restated a “mixed” rating on shares of Docusign in a research report on Friday. HSBC set a $53.00 target price on shares of Docusign in a research report on Friday, February 13th. Finally, Morgan Stanley cut their target price on shares of Docusign from $90.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 18th. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.40.
Check Out Our Latest Stock Analysis on Docusign
Docusign News Summary
Here are the key news stories impacting Docusign this week:
- Positive Sentiment: DocuSign beat Q1 estimates, posting adjusted EPS of $1.09 versus $1.00 expected and revenue of about $830.2 million versus $824.7 million forecast, with sales up 8.7%-9% year over year. DocuSign (DOCU) Q1 Earnings and Revenues Beat Estimates
- Positive Sentiment: The company raised its revenue outlook for fiscal 2027 and said demand is improving for its AI-powered Intelligent Agreement Management platform, which supports the growth story. DocuSign Nudges Revenue Outlook Higher After First-Quarter Profit Rises
- Positive Sentiment: Investors are also encouraged by new AI-related product integrations, including ChatGPT and Codex, which could broaden adoption of DocuSign’s platform. DocuSign (DOCU) Valuation Check After Q1 Beat And New AI Agreement Management Launch
- Neutral Sentiment: DocuSign also highlighted record stock buybacks and continued product launches, but these items appear secondary to the company’s main earnings and guidance narrative. Docusign Inc (DOCU) Q1 2027 Earnings Call Highlights
- Negative Sentiment: Despite the beat, the stock fell in premarket/after-hours trading because guidance did not offer much upside beyond Wall Street expectations, leaving some investors disappointed. DocuSign Tops First-Quarter Forecasts, but Soft Outlook Weighs on Shares (DOCU)
About Docusign
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.
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