Analysts Set Docusign Inc. (NASDAQ:DOCU) PT at $86.80

Docusign Inc. (NASDAQ:DOCU) has received an average recommendation of “Hold” from the twenty-two analysts that are presently covering the company, MarketBeat.com reports. Sixteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $86.80.

A number of research analysts have recently weighed in on the stock. Evercore ISI reduced their target price on shares of Docusign from $92.00 to $80.00 and set an “in-line” rating for the company in a research report on Friday, December 5th. JPMorgan Chase & Co. reduced their price objective on Docusign from $80.00 to $78.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Bank of America decreased their target price on Docusign from $102.00 to $82.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Piper Sandler lowered their target price on Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $124.00 price target on shares of Docusign in a research report on Friday, October 3rd.

Insider Transactions at Docusign

In other news, Director James A. Beer sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $68.54, for a total value of $30,843.00. Following the sale, the director owned 14,478 shares of the company’s stock, valued at $992,322.12. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anna Marrs sold 365 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $68.54, for a total transaction of $25,017.10. Following the completion of the transaction, the director directly owned 11,163 shares of the company’s stock, valued at approximately $765,112.02. This trade represents a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 33,542 shares of company stock valued at $2,313,580. 1.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DOCU. Palogic Value Management L.P. increased its position in shares of Docusign by 2.2% during the first quarter. Palogic Value Management L.P. now owns 5,438 shares of the company’s stock valued at $443,000 after buying an additional 117 shares during the period. Centaurus Financial Inc. increased its holdings in Docusign by 2.6% during the 2nd quarter. Centaurus Financial Inc. now owns 5,398 shares of the company’s stock worth $420,000 after acquiring an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Docusign by 31.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 595 shares of the company’s stock worth $46,000 after purchasing an additional 142 shares in the last quarter. Total Wealth Planning & Management Inc. boosted its holdings in Docusign by 4.8% in 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. Finally, Mitchell & Pahl Private Wealth LLC grew 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 in the last quarter. Institutional investors own 77.64% of the company’s stock.

Docusign Price Performance

Shares of Docusign stock opened at $68.40 on Friday. The firm has a market cap of $13.70 billion, a PE ratio of 47.83, a P/E/G ratio of 3.37 and a beta of 0.99. Docusign has a 1 year low of $63.41 and a 1 year high of $99.30. The stock has a fifty day moving average price of $68.93 and a 200-day moving average price of $73.27.

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.