Docusign (NASDAQ:DOCU) Director Sells $30,843.00 in Stock

Docusign Inc. (NASDAQ:DOCU) Director James Beer sold 450 shares of the company’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 transaction, the director owned 14,478 shares of the company’s stock, valued at approximately $992,322.12. This represents a 3.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Docusign Price Performance

NASDAQ:DOCU traded up $0.53 during trading hours on Tuesday, hitting $68.86. The company had a trading volume of 2,698,883 shares, compared to its average volume of 1,792,943. The stock has a 50-day moving average price of $70.59 and a 200 day moving average price of $75.68. The company has a market capitalization of $13.85 billion, a PE ratio of 51.76, a price-to-earnings-growth ratio of 3.40 and a beta of 0.98. Docusign Inc. has a 52 week low of $63.50 and a 52 week high of $107.86.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.84 by $0.08. The business had revenue of $800.64 million during the quarter, compared to analyst estimates of $780.35 million. Docusign had a net margin of 9.08% and a return on equity of 14.01%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. Analysts anticipate that Docusign Inc. will post 1.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Docusign

Several hedge funds have recently added to or reduced their stakes in DOCU. Oak Family Advisors LLC lifted its position in Docusign by 37.2% in the 2nd quarter. Oak Family Advisors LLC now owns 95,134 shares of the company’s stock valued at $7,410,000 after acquiring an additional 25,795 shares in the last quarter. New Age Alpha Advisors LLC raised its stake in shares of Docusign by 738.2% in the first quarter. New Age Alpha Advisors LLC now owns 41,187 shares of the company’s stock worth $3,353,000 after purchasing an additional 36,273 shares during the last quarter. Pinpoint Asset Management Ltd lifted its holdings in shares of Docusign by 54.3% during the first quarter. Pinpoint Asset Management Ltd now owns 56,985 shares of the company’s stock valued at $4,639,000 after purchasing an additional 20,043 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Docusign by 6.6% during the second quarter. QRG Capital Management Inc. now owns 70,583 shares of the company’s stock valued at $5,498,000 after buying an additional 4,341 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in shares of Docusign by 1.7% during the first quarter. Blair William & Co. IL now owns 387,542 shares of the company’s stock valued at $31,546,000 after buying an additional 6,460 shares during the last quarter. 77.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup raised their price objective on shares of Docusign from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Evercore ISI increased their target price on Docusign from $90.00 to $92.00 and gave the stock an “in-line” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. raised their target price on Docusign from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, September 5th. Bank of America upped their price target on Docusign from $85.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. Finally, Robert W. Baird increased their price objective on Docusign from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $94.14.

Docusign Company Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.