Docusign (NASDAQ:DOCU) CFO Blake Jeffrey Grayson Sells 15,000 Shares of Stock

Docusign Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 15,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $60.00, for a total transaction of $900,000.00. Following the completion of the sale, the chief financial officer owned 126,429 shares of the company’s stock, valued at approximately $7,585,740. The trade was a 10.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Blake Jeffrey Grayson also recently made the following trade(s):

• On Wednesday, July 1st, Blake Jeffrey Grayson sold 15,000 shares of Docusign stock. The shares were sold at an average price of $45.55, for a total transaction of $683,250.00.

Docusign Price Performance

DOCU opened at $59.34 on Wednesday. Docusign Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $86.65. The firm has a market capitalization of $11.33 billion, a P/E ratio of 38.53, a PEG ratio of 1.76 and a beta of 0.87. The company’s 50-day moving average is $49.32 and its 200 day moving average is $48.28.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, June 4th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Docusign had a net margin of 9.59% and a return on equity of 17.48%. The business had revenue of $830.24 million during the quarter, compared to the consensus estimate of $824.71 million. During the same period in the prior year, the firm posted $0.90 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that Docusign Inc. will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on DOCU. Needham & Company LLC restated a “hold” rating on shares of Docusign in a research report on Friday, June 5th. Wells Fargo & Company cut their price target on shares of Docusign from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. BTIG Research decreased their price objective on shares of Docusign from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Weiss Ratings upgraded shares of Docusign from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen lowered Docusign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 2nd. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.27.

Institutional Investors Weigh In On Docusign

Several hedge funds have recently made changes to their positions in DOCU. Capital World Investors grew its holdings in Docusign by 38.1% in the fourth quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock worth $397,801,000 after purchasing an additional 1,603,900 shares during the period. CWM LLC increased its stake in shares of Docusign by 151.8% during the fourth quarter. CWM LLC now owns 47,290 shares of the company’s stock valued at $3,235,000 after purchasing an additional 28,511 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Docusign during the fourth quarter valued at approximately $6,897,000. Los Angeles Capital Management LLC bought a new stake in shares of Docusign in the 4th quarter worth approximately $1,750,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of 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 in the last quarter. 77.64% of the stock is currently owned by institutional investors.

About Docusign

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.