Docusign Inc (NASDAQ:DOCU) COO Scott V. Olrich Sells 2,000 Shares

Docusign Inc (NASDAQ:DOCU) COO Scott V. Olrich sold 2,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $59.50, for a total transaction of $119,000.00.

Shares of DOCU opened at $62.93 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.64 and a quick ratio of 1.76. Docusign Inc has a one year low of $35.06 and a one year high of $64.18. The company has a 50-day simple moving average of $48.48 and a two-hundred day simple moving average of $52.36. The firm has a market capitalization of $10.54 billion, a PE ratio of -21.70 and a beta of 1.37.

Docusign (NASDAQ:DOCU) last released its earnings results on Thursday, September 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.24. Docusign had a negative net margin of 28.20% and a negative return on equity of 26.70%. The firm had revenue of $235.61 million during the quarter, compared to analyst estimates of $220.81 million. During the same period last year, the business earned $0.03 earnings per share. The business’s revenue was up 41.0% on a year-over-year basis. Analysts expect that Docusign Inc will post -1.04 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY lifted its holdings in shares of Docusign by 4.2% during the first quarter. Metropolitan Life Insurance Co NY now owns 5,896 shares of the company’s stock valued at $305,000 after purchasing an additional 237 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Docusign by 6.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 4,258 shares of the company’s stock valued at $211,000 after purchasing an additional 260 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in shares of Docusign by 5.3% during the first quarter. Piedmont Investment Advisors Inc. now owns 5,624 shares of the company’s stock valued at $292,000 after purchasing an additional 282 shares during the last quarter. Tortoise Index Solutions LLC lifted its holdings in shares of Docusign by 26.0% during the second quarter. Tortoise Index Solutions LLC now owns 1,859 shares of the company’s stock valued at $92,000 after purchasing an additional 384 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Docusign by 0.9% during the second quarter. Janney Montgomery Scott LLC now owns 58,517 shares of the company’s stock valued at $2,909,000 after purchasing an additional 533 shares during the last quarter. Hedge funds and other institutional investors own 69.76% of the company’s stock.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Docusign from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Citigroup raised their price objective on shares of Docusign from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, September 6th. FBN Securities set a $65.00 price objective on shares of Docusign and gave the stock a “buy” rating in a report on Friday, September 6th. Wedbush upgraded shares of Docusign from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $48.00 to $65.00 in a report on Friday, September 6th. Finally, JMP Securities raised their price objective on shares of Docusign from $68.00 to $70.00 and gave the stock a “market outperform” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $65.07.

Docusign Company Profile

DocuSign, Inc provides cloud based software in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise businesses, commercial businesses, and small businesses, such as professionals, sole proprietorships and individuals.

Further Reading: What does a bar chart display?

Insider Buying and Selling by Quarter for Docusign (NASDAQ:DOCU)

Receive News & Ratings for Docusign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docusign and related companies with MarketBeat.com's FREE daily email newsletter.