Docusign Inc. (NASDAQ:DOCU – Get Free Report) CRO Paula Hansen sold 3,300 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $81.82, for a total transaction of $270,006.00. Following the transaction, the executive directly owned 103,258 shares in the company, valued at $8,448,569.56. The trade was a 3.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Paula Hansen also recently made the following trade(s):
- On Thursday, October 1st, Paula Hansen sold 3,300 shares of Docusign stock. The shares were sold at an average price of $68.81, for a total value of $227,073.00.
Docusign Stock Down 2.0%
Shares of NASDAQ DOCU opened at $78.92 on Friday. The stock has a market capitalization of $14.75 billion, a PE ratio of 47.92, a P/E/G ratio of 2.96 and a beta of 0.80. Docusign Inc. has a 52-week low of $40.16 and a 52-week high of $85.90. The firm has a fifty day moving average of $72.33 and a 200-day moving average of $55.12.
Docusign (NASDAQ:DOCU – Get Free Report) last issued 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 business had revenue of $875.75 million during the quarter, compared to analysts’ expectations of $867.22 million. During the same quarter in the previous year, the business earned $0.30 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts expect that Docusign Inc. will post 2.15 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in shares of 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 acquiring an additional 225,801 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Docusign by 247.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 349,038 shares of the company’s stock worth $15,504,000 after purchasing an additional 248,597 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Docusign in the 2nd quarter worth approximately $691,000. Two Sigma Securities LLC bought a new stake in Docusign during the second quarter worth approximately $1,376,000. Finally, Dimensional Fund Advisors LP boosted its position in Docusign by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,100,891 shares of the company’s stock worth $52,177,000 after purchasing an additional 80,442 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on DOCU shares. Citizens Jmp reaffirmed a “market outperform” rating and set a $86.00 price target on shares of Docusign in a report on Friday, September 4th. Royal Bank Of Canada upped their price target on Docusign from $55.00 to $70.00 and gave the company a “sector perform” rating in a research report on Friday, September 4th. UBS Group raised their price target on Docusign from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Piper Sandler increased their price target on Docusign from $52.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. Finally, Wells Fargo & Company raised their target price on Docusign from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $67.62.
Read Our Latest Stock Report on DOCU
About Docusign
DocuSign, Inc is a software company that provides digital agreement and electronic signature solutions. Its platform enables individuals and organizations to prepare, send, sign, manage and store agreements electronically, helping customers replace paper-based contracting processes with digital workflows.
The company’s offerings include eSignature, contract lifecycle management, identity verification, notarization and agreement analytics tools. These products are designed to support agreement creation, negotiation, execution and post-signature management across functions such as sales, human resources, procurement, legal and finance.
Founded in 2003, DocuSign serves businesses, government organizations and individual users in markets around the world.
Featured Articles
- Five stocks we like better than Docusign
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for Docusign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docusign and related companies with MarketBeat.com's FREE daily email newsletter.
