DocuSign, Inc. (NASDAQ:DOCU – Get Free Report) Director Daniel D. Springer sold 70,983 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.84, for a total value of $3,537,792.72. Following the transaction, the director now directly owns 891,373 shares of the company’s stock, valued at $44,426,030.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
DocuSign Stock Up 2.1 %
DOCU opened at $52.10 on Friday. The business has a 50 day moving average price of $53.46 and a two-hundred day moving average price of $55.75. The company has a market cap of $10.67 billion, a PE ratio of 100.19, a P/E/G ratio of 8.34 and a beta of 0.94. DocuSign, Inc. has a 52 week low of $38.11 and a 52 week high of $64.76.
DocuSign (NASDAQ:DOCU – Get Free Report) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.20 by $0.09. The firm had revenue of $709.64 million during the quarter, compared to the consensus estimate of $706.07 million. DocuSign had a return on equity of 15.44% and a net margin of 3.81%. As a group, sell-side analysts expect that DocuSign, Inc. will post 0.88 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Report on DocuSign
Hedge Funds Weigh In On DocuSign
Large investors have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV raised its stake in shares of DocuSign by 5,000.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $27,000 after buying an additional 500 shares in the last quarter. Capital Analysts LLC raised its stake in shares of DocuSign by 781.7% during the 4th quarter. Capital Analysts LLC now owns 529 shares of the company’s stock worth $31,000 after buying an additional 469 shares in the last quarter. Mather Group LLC. raised its stake in shares of DocuSign by 4,338.5% during the 2nd quarter. Mather Group LLC. now owns 577 shares of the company’s stock worth $31,000 after buying an additional 564 shares in the last quarter. Register Financial Advisors LLC purchased a new position in shares of DocuSign during the 1st quarter worth approximately $37,000. Finally, ICA Group Wealth Management LLC purchased a new position in shares of DocuSign during the 4th quarter worth approximately $39,000. 77.64% of the stock is owned by hedge funds and other institutional investors.
About DocuSign
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.
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