Docusign Inc. (NASDAQ:DOCU – Get Free Report) CFO Blake Grayson sold 15,000 shares of Docusign stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $65.57, for a total value of $983,550.00. Following the sale, the chief financial officer directly owned 81,429 shares of the company’s stock, valued at approximately $5,339,299.53. This trade represents a 15.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Blake Jeffrey Grayson also recently made the following trade(s):
- On Friday, September 4th, Blake Grayson sold 30,000 shares of Docusign stock. The stock was sold at an average price of $70.00, for a total value of $2,100,000.00.
- On Friday, August 7th, Blake Grayson sold 15,000 shares of Docusign stock. The stock was sold at an average price of $60.00, for a total value of $900,000.00.
- On Wednesday, July 1st, Blake Grayson sold 15,000 shares of Docusign stock. The shares were sold at an average price of $45.55, for a total value of $683,250.00.
Docusign Stock Down 4.9%
Shares of DOCU stock traded down $3.33 on Tuesday, hitting $65.08. The stock had a trading volume of 4,133,500 shares, compared to its average volume of 3,220,546. Docusign Inc. has a one year low of $40.16 and a one year high of $86.65. The business has a 50 day moving average price of $56.58 and a 200 day moving average price of $50.21. The company has a market cap of $12.43 billion, a PE ratio of 39.68, a P/E/G ratio of 2.43 and a beta of 0.90.
Hedge Funds Weigh In On Docusign
Several institutional investors and hedge funds have recently bought and sold shares of DOCU. Bank of America Corp DE increased its position in Docusign by 23.3% during the 1st quarter. Bank of America Corp DE now owns 1,193,163 shares of the company’s stock valued at $56,568,000 after buying an additional 225,801 shares in the last quarter. Capital World Investors grew its stake in shares of Docusign by 38.1% during the fourth quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock worth $397,801,000 after acquiring an additional 1,603,900 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Docusign by 247.5% during the second quarter. Assenagon Asset Management S.A. now owns 349,038 shares of the company’s stock valued at $15,504,000 after acquiring an additional 248,597 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Docusign in the 4th quarter worth approximately $6,897,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Docusign during the 4th quarter worth approximately $1,750,000. 77.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
DOCU has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Docusign from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. UBS Group upped their target price on Docusign from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley increased their target price on Docusign from $69.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday. Evercore set a $65.00 price target on Docusign in a report on Friday. Finally, Citigroup boosted their price target on Docusign from $54.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday. Three 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. Based on data from MarketBeat, Docusign currently has an average rating of “Hold” and a consensus price target of $67.33.
View Our Latest Stock Report on Docusign
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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