Docusign Inc (NASDAQ:DOCU) COO Scott V. Olrich sold 10,000 shares of Docusign stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $54.85, for a total transaction of $548,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of DOCU stock traded up $0.89 during mid-day trading on Friday, reaching $54.10. The stock had a trading volume of 988,074 shares, compared to its average volume of 2,100,994. Docusign Inc has a 52-week low of $35.06 and a 52-week high of $68.35. The stock has a market capitalization of $9.38 billion and a price-to-earnings ratio of -18.66. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.71.

Docusign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). Docusign had a negative net margin of 60.84% and a negative return on equity of 86.06%. The firm had revenue of $199.73 million during the quarter, compared to analysts’ expectations of $193.63 million. The business’s revenue for the quarter was up 34.2% compared to the same quarter last year. Equities analysts predict that Docusign Inc will post -1 EPS for the current year.

A number of equities analysts recently commented on the stock. ValuEngine cut shares of Docusign from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 8th. Zacks Investment Research upgraded shares of Docusign from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Deutsche Bank upgraded shares of Docusign from a “hold” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $65.00 in a research report on Tuesday, February 12th. KeyCorp assumed coverage on shares of Docusign in a research report on Monday, January 28th. They issued an “overweight” rating and a $59.00 target price on the stock. Finally, Piper Jaffray Companies boosted their price objective on shares of Docusign from $50.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, March 11th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $61.75.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Docusign by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,922,947 shares of the company’s stock valued at $101,089,000 after purchasing an additional 69,428 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of Docusign by 34.5% during the 3rd quarter. Federated Investors Inc. PA now owns 111,480 shares of the company’s stock valued at $5,861,000 after purchasing an additional 28,580 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Docusign by 123.6% during the 4th quarter. State of Alaska Department of Revenue now owns 9,073 shares of the company’s stock valued at $363,000 after purchasing an additional 5,016 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Docusign by 130.1% during the 4th quarter. Bank of Montreal Can now owns 32,147 shares of the company’s stock valued at $1,288,000 after purchasing an additional 18,178 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Docusign during the 4th quarter valued at about $202,000. Hedge funds and other institutional investors own 53.14% of the company’s stock.

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About Docusign

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.

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