Docusign (NASDAQ:DOCU) Director Anna Marrs Sells 363 Shares

Docusign Inc. (NASDAQ:DOCU) Director Anna Marrs sold 363 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $46.33, for a total transaction of $16,817.79. Following the completion of the sale, the director directly owned 12,251 shares of the company’s stock, valued at approximately $567,588.83. This trade represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Anna Marrs also recently made the following trade(s):

• On Friday, December 5th, Anna Marrs sold 363 shares of Docusign stock. The shares were sold at an average price of $64.50, for a total transaction of $23,413.50.

Docusign Price Performance

Shares of NASDAQ:DOCU traded down $0.71 during trading hours on Friday, hitting $47.52. The company’s stock had a trading volume of 1,186,342 shares, compared to its average volume of 4,833,926. The firm’s fifty day moving average price is $54.26 and its 200 day moving average price is $66.00. Docusign Inc. has a 52 week low of $40.16 and a 52 week high of $94.67. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 33.23, a P/E/G ratio of 2.01 and a beta of 1.03.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Central Pacific Bank Trust Division purchased a new stake in shares of Docusign during the fourth quarter valued at $25,000. Modus Advisors LLC acquired a new stake in Docusign during the 4th quarter worth about $27,000. Torren Management LLC acquired a new stake in Docusign during the 4th quarter worth about $28,000. True Wealth Design LLC grew its stake in Docusign by 105.2% during the 4th quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $30,000 after purchasing an additional 222 shares during the last quarter. Finally, Aventura Private Wealth LLC acquired a new position in shares of Docusign in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analysts Set New Price Targets

DOCU has been the subject of several recent research reports. Zacks Research lowered Docusign from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Piper Sandler reduced their target price on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. HSBC set a $53.00 price target on shares of Docusign in a research report on Friday, February 13th. UBS Group cut their price objective on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Docusign in a research report on Wednesday, December 17th. Five equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Docusign has a consensus rating of “Hold” and a consensus price target of $78.80.

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.