Docusign (NASDAQ:DOCU) CEO Sells $1,827,000.00 in Stock

Docusign Inc. (NASDAQ:DOCUGet Free Report) CEO Allan Thygesen sold 26,250 shares of the business’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $69.60, for a total value of $1,827,000.00. Following the completion of the sale, the chief executive officer directly owned 142,261 shares in the company, valued at approximately $9,901,365.60. This represents a 15.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Docusign Price Performance

Docusign stock opened at $59.69 on Friday. The firm has a market capitalization of $11.95 billion, a P/E ratio of 41.74, a P/E/G ratio of 3.05 and a beta of 0.99. The stock has a fifty day moving average price of $67.83 and a two-hundred day moving average price of $72.60. Docusign Inc. has a 52-week low of $59.56 and a 52-week high of $99.30.

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Analyst Ratings Changes

Several brokerages have weighed in on DOCU. Piper Sandler decreased their price objective on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. JPMorgan Chase & Co. decreased their price target on Docusign from $80.00 to $78.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. UBS Group cut their price objective on Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Bank of America reduced their price objective on Docusign from $102.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Finally, Evercore ISI lowered their target price on Docusign from $92.00 to $80.00 and set an “in-line” rating for the company in a research note on Friday, December 5th. Six research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $85.13.

View Our Latest Research Report on DOCU

Institutional Investors Weigh In On Docusign

Institutional investors and hedge funds have recently made changes to their positions in the company. Bourgeon Capital Management LLC bought a new position in Docusign in the fourth quarter valued at about $548,000. Nisa Investment Advisors LLC lifted its position in Docusign by 32.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,556 shares of the company’s stock valued at $517,000 after purchasing an additional 1,840 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Docusign by 4.9% in the 4th quarter. Retirement Systems of Alabama now owns 544,473 shares of the company’s stock valued at $37,242,000 after purchasing an additional 25,367 shares during the last quarter. J. Safra Sarasin Holding AG boosted its stake in shares of Docusign by 9.0% in the 4th quarter. J. Safra Sarasin Holding AG now owns 11,401 shares of the company’s stock valued at $780,000 after purchasing an additional 939 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its position in shares of Docusign by 8.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 80,864 shares of the company’s stock worth $5,531,000 after buying an additional 5,964 shares during the period. Institutional investors own 77.64% of the company’s stock.

About Docusign

(Get Free Report)

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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Insider Buying and Selling by Quarter for Docusign (NASDAQ:DOCU)

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