Docusign Inc. (NASDAQ:DOCU) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Docusign Inc. (NASDAQ:DOCU) have earned an average rating of “Hold” from the twenty-one brokerages that are covering the firm, Marketbeat.com reports. Fifteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $82.80.

A number of analysts have recently issued reports on DOCU shares. UBS Group lowered their price objective on Docusign from $85.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Robert W. Baird decreased their price target on Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. HSBC set a $53.00 price objective on Docusign in a report on Friday, February 13th. Cantor Fitzgerald reaffirmed an “outperform” rating on shares of Docusign in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Docusign from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, December 5th.

Insider Buying and Selling

In other news, CRO Paula Hansen sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $67.05, for a total value of $402,300.00. Following the transaction, the executive directly owned 68,970 shares of the company’s stock, valued at $4,624,438.50. The trade was a 8.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Allan C. Thygesen sold 26,250 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $69.60, for a total value of $1,827,000.00. Following the sale, the chief executive officer owned 142,261 shares in the company, valued at approximately $9,901,365.60. This trade represents a 15.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 78,292 shares of company stock valued at $5,374,260 in the last ninety days. 1.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Docusign

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Docusign during the fourth quarter worth approximately $186,795,000. Capital World Investors raised its position in Docusign by 38.1% in the 4th 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 last quarter. Woodline Partners LP lifted its holdings in Docusign by 24,412.7% during the 3rd quarter. Woodline Partners LP now owns 958,938 shares of the company’s stock worth $69,130,000 after buying an additional 955,026 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Docusign by 46.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,001,132 shares of the company’s stock valued at $205,277,000 after buying an additional 946,512 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Docusign by 1,575.5% in the 4th quarter. Marshall Wace LLP now owns 888,411 shares of the company’s stock valued at $60,767,000 after buying an additional 835,388 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Docusign Stock Performance

Shares of DOCU opened at $44.82 on Friday. Docusign has a 52 week low of $41.53 and a 52 week high of $94.67. The firm has a market capitalization of $8.98 billion, a P/E ratio of 31.34, a P/E/G ratio of 1.98 and a beta of 1.00. The company has a 50-day simple moving average of $59.62 and a 200-day simple moving average of $67.97.

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.