Docusign (NASDAQ:DOCU) CRO Paula Hansen Sells 3,300 Shares of Stock

Docusign Inc. (NASDAQ:DOCU) CRO Paula Hansen sold 3,300 shares of Docusign stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $81.82, for a total value of $270,006.00. Following the completion of the transaction, the executive directly owned 103,258 shares in the company, valued at $8,448,569.56. This trade represents a 3.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paula Hansen also recently made the following trade(s):

• On Thursday, October 1st, Paula Hansen sold 3,300 shares of Docusign stock. The shares were sold at an average price of $68.81, for a total value of $227,073.00.

Docusign Trading Down 1.6%

Shares of NASDAQ:DOCU traded down $1.29 during trading on Tuesday, reaching $80.36. 2,224,797 shares of the company traded hands, compared to its average volume of 3,884,262. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of 49.00, a P/E/G ratio of 3.08 and a beta of 0.86. Docusign Inc. has a 52-week low of $40.16 and a 52-week high of $85.90. The business’s fifty day moving average is $71.18 and its 200-day moving average is $54.82.

Docusign (NASDAQ:DOCU) last issued its earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.07. Docusign had a net margin of 9.82% and a return on equity of 18.29%. The firm had revenue of $875.75 million for the quarter, compared to analysts’ expectations of $867.22 million. During the same quarter last year, the business earned $0.30 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that Docusign Inc. will post 2.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Docusign

Hedge funds have recently made changes to their positions in the business. John Boyer Inc. purchased a new stake in Docusign in the third quarter worth $26,000. V Square Quantitative Management LLC bought a new stake in Docusign in the third quarter valued at $27,000. Pinnacle Wealth Planning Services Inc. increased its position in Docusign by 78.5% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 607 shares of the company’s stock valued at $41,000 after purchasing an additional 267 shares during the period. WealthCollab LLC increased its position in Docusign by 372.4% during the 1st quarter. WealthCollab LLC now owns 855 shares of the company’s stock valued at $41,000 after purchasing an additional 674 shares during the period. Finally, Elevation Wealth Partners LLC raised its holdings in Docusign by 71.1% in the 3rd quarter. Elevation Wealth Partners LLC now owns 876 shares of the company’s stock worth $59,000 after purchasing an additional 364 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DOCU has been the subject of several analyst reports. Royal Bank Of Canada increased their price target on shares of Docusign from $55.00 to $70.00 and gave the company a “sector perform” rating in a research report on Friday, September 4th. BTIG Research boosted their price objective on shares of Docusign from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Robert W. Baird upped their price objective on shares of Docusign from $55.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Weiss Ratings raised shares of Docusign from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Wells Fargo & Company increased their target price on shares of Docusign from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, September 4th. Three analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Docusign presently has a consensus rating of “Hold” and an average price target of $67.62.

Docusign Company Profile

DocuSign, Inc is a software company that provides digital agreement and electronic signature solutions. Its platform enables individuals and organizations to prepare, send, sign, manage and store agreements electronically, helping customers replace paper-based contracting processes with digital workflows.

The company’s offerings include eSignature, contract lifecycle management, identity verification, notarization and agreement analytics tools. These products are designed to support agreement creation, negotiation, execution and post-signature management across functions such as sales, human resources, procurement, legal and finance.

Founded in 2003, DocuSign serves businesses, government organizations and individual users in markets around the world.