Insider Selling: Docusign (NASDAQ:DOCU) Insider Sells $804,360.00 in Stock

Docusign Inc. (NASDAQ:DOCU) insider James Shaughnessy sold 12,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.03, for a total transaction of $804,360.00. Following the completion of the sale, the insider directly owned 54,550 shares in the company, valued at approximately $3,656,486.50. This represents a 18.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Docusign Price Performance

NASDAQ DOCU traded up $0.85 during mid-day trading on Tuesday, reaching $65.19. 3,173,913 shares of the stock were exchanged, compared to its average volume of 3,258,453. The stock has a market cap of $13.06 billion, a P/E ratio of 45.59, a P/E/G ratio of 3.20 and a beta of 0.99. Docusign Inc. has a one year low of $63.41 and a one year high of $99.30. The stock has a 50 day simple moving average of $68.54 and a 200-day simple moving average of $73.02.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Docusign in the 2nd quarter worth about $43,000. SJS Investment Consulting Inc. increased its holdings in Docusign by 5,318.2% during the 3rd quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock worth $43,000 after purchasing an additional 585 shares in the last quarter. CX Institutional raised its stake in shares of Docusign by 5,860.0% in the third quarter. CX Institutional now owns 596 shares of the company’s stock worth $43,000 after purchasing an additional 586 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Docusign by 31.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 595 shares of the company’s stock valued at $46,000 after purchasing an additional 142 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Docusign by 48.6% during the second quarter. First Horizon Advisors Inc. now owns 590 shares of the company’s stock valued at $46,000 after buying an additional 193 shares during the last quarter. 77.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on DOCU. Wells Fargo & Company cut their target price on Docusign from $85.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, December 5th. Cantor Fitzgerald reissued an “outperform” rating on shares of Docusign in a research note on Wednesday, December 17th. Robert W. Baird reduced their price objective on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Wall Street Zen upgraded shares of Docusign from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of Docusign from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Six research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $85.13.

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.