Insider Selling: Docusign (NASDAQ:DOCU) CRO Sells $227,073.00 in Stock

Docusign Inc. (NASDAQ:DOCU) CRO Paula Hansen sold 3,300 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $68.81, for a total value of $227,073.00. Following the sale, the executive owned 106,557 shares in the company, valued at approximately $7,332,187.17. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Docusign Price Performance

DOCU stock opened at $69.01 on Monday. The stock has a 50-day simple moving average of $63.52 and a two-hundred day simple moving average of $53.02. Docusign Inc. has a twelve month low of $40.16 and a twelve month high of $75.00. The firm has a market capitalization of $12.90 billion, a PE ratio of 42.08, a PEG ratio of 2.56 and a beta of 0.86.

Docusign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, September 3rd. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. The company had revenue of $875.75 million during the quarter, compared to analyst estimates of $867.22 million. Docusign had a net margin of 9.82% and a return on equity of 18.29%. Docusign’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. On average, equities research analysts anticipate that Docusign Inc. will post 2.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DOCU shares. Citigroup upped their price objective on Docusign from $54.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Docusign in a research note on Friday, September 4th. Bank of America increased their price target on shares of Docusign from $58.00 to $64.00 and gave the company an “underperform” rating in a research report on Friday, September 4th. Weiss Ratings upgraded shares of Docusign from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Finally, Robert W. Baird increased their target price on shares of Docusign from $55.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Docusign presently has a consensus rating of “Hold” and a consensus target price of $67.33.

Institutional Trading of Docusign

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Modus Advisors LLC bought a new stake in Docusign during the 4th quarter valued at $27,000. WealthCollab LLC grew its holdings in Docusign by 372.4% in the 1st quarter. WealthCollab LLC now owns 855 shares of the company’s stock worth $41,000 after acquiring an additional 674 shares during the last quarter. Virtus Advisers LLC purchased a new position in shares of Docusign in the second quarter valued at about $47,000. Rakuten Securities Inc. purchased a new position in shares of Docusign in the second quarter valued at about $49,000. Finally, Harbour Investments Inc. raised its stake in shares of Docusign by 56.6% during the fourth quarter. Harbour Investments Inc. now owns 797 shares of the company’s stock valued at $55,000 after acquiring an additional 288 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

About Docusign

DocuSign, Inc (NASDAQ:DOCU) provides cloud-based software for electronically signing, managing and automating agreements. Its platform enables individuals and organizations to prepare, send, sign, track and store documents digitally, helping replace paper-based contracting processes.

The company’s offerings include electronic signature tools, contract lifecycle management, identity verification and authentication services, document generation, agreement analytics and related workflow automation capabilities.