DocuSign, Inc. (NASDAQ:DOCU) Director Sells $50,516.40 in Stock

DocuSign, Inc. (NASDAQ:DOCU) Director Teresa Briggs sold 534 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $94.60, for a total transaction of $50,516.40. Following the transaction, the director now directly owns 7,736 shares of the company’s stock, valued at $731,825.60. This trade represents a 6.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

DocuSign Trading Down 5.6 %

NASDAQ DOCU opened at $92.71 on Thursday. The stock has a market cap of $18.73 billion, a P/E ratio of 19.12, a PEG ratio of 8.72 and a beta of 0.92. The company’s fifty day simple moving average is $79.83 and its 200-day simple moving average is $64.22. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86.

Hedge Funds Weigh In On DocuSign

Institutional investors have recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. grew its stake in shares of DocuSign by 2.0% during the third quarter. J.W. Cole Advisors Inc. now owns 7,946 shares of the company’s stock valued at $493,000 after acquiring an additional 155 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in DocuSign by 0.9% in the third quarter. Resonant Capital Advisors LLC now owns 17,516 shares of the company’s stock valued at $1,088,000 after purchasing an additional 157 shares during the last quarter. Optimist Retirement Group LLC grew its stake in DocuSign by 3.8% during the 3rd quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company’s stock valued at $274,000 after purchasing an additional 161 shares in the last quarter. V Square Quantitative Management LLC grew its stake in DocuSign by 6.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,019 shares of the company’s stock valued at $187,000 after purchasing an additional 172 shares in the last quarter. Finally, Dakota Wealth Management increased its holdings in DocuSign by 0.8% during the 2nd quarter. Dakota Wealth Management now owns 23,022 shares of the company’s stock worth $1,232,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Robert W. Baird upped their price objective on DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. JMP Securities raised their price objective on DocuSign from $108.00 to $124.00 and gave the stock a “market outperform” rating in a report on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $90.00 target price (up previously from $57.00) on shares of DocuSign in a report on Friday, December 6th. Jefferies Financial Group boosted their target price on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley raised their price target on shares of DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, DocuSign has a consensus rating of “Hold” and an average price target of $92.45.

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.