Docusign (NASDAQ:DOCU) Director Sells $68,800.00 in Stock

Docusign Inc. (NASDAQ:DOCU – Get Free Report) Director Mary Wilderotter sold 1,000 shares of Docusign stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $68.80, for a total value of $68,800.00. Following the transaction, the director owned 2,199 shares in the company, valued at approximately $151,291.20. This trade represents a 31.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mary Agnes Wilderotter also recently made the following trade(s):

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• On Wednesday, September 16th, Mary Wilderotter sold 1,096 shares of Docusign stock. The shares were sold at an average price of $70.60, for a total value of $77,377.60.

Docusign Price Performance

Shares of DOCU stock opened at $69.01 on Monday. The stock has a 50-day simple moving average of $63.52 and a 200 day simple moving average of $53.02. Docusign Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $75.00. The stock has a market capitalization of $12.90 billion, a P/E ratio of 42.08, a P/E/G ratio of 2.56 and a beta of 0.86.

Docusign (NASDAQ:DOCU – Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. Docusign had a return on equity of 18.29% and a net margin of 9.82%.The firm had revenue of $875.75 million for the quarter, compared to analyst estimates of $867.22 million. During the same period in the previous year, the company earned $0.30 earnings per share. Docusign’s revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Docusign Inc. will post 2.13 earnings per share for the current year.

Hedge Funds Weigh In On Docusign

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Modus Advisors LLC purchased a new stake in shares of Docusign in the fourth quarter valued at $27,000. WealthCollab LLC raised its position in Docusign by 372.4% during the first quarter. WealthCollab LLC now owns 855 shares of the company’s stock valued at $41,000 after buying an additional 674 shares during the period. Virtus Advisers LLC purchased a new stake in Docusign in the 2nd quarter worth about $47,000. Rakuten Securities Inc. acquired a new stake in Docusign during the 2nd quarter worth about $49,000. Finally, Harbour Investments Inc. boosted its position in Docusign by 56.6% during the 4th quarter. Harbour Investments Inc. now owns 797 shares of the company’s stock worth $55,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on DOCU shares. Wells Fargo & Company increased their target price on shares of Docusign from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, September 4th. Wall Street Zen downgraded Docusign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 2nd. Citizens Jmp reissued a “market outperform” rating and set a $86.00 price objective on shares of Docusign in a research note on Friday, September 4th. Robert W. Baird lifted their target price on Docusign from $55.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Finally, Evercore set a $65.00 target price on Docusign in a research report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Docusign currently has an average rating of “Hold” and a consensus target price of $67.33.

Check Out Our Latest Research Report on Docusign

About Docusign

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DocuSign, Inc (NASDAQ:DOCU) provides cloud-based software for electronically signing, managing and automating agreements. Its platform enables individuals and organizations to prepare, send, sign, track and store documents digitally, helping replace paper-based contracting processes.

The company’s offerings include electronic signature tools, contract lifecycle management, identity verification and authentication services, document generation, agreement analytics and related workflow automation capabilities.

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