Docusign (NASDAQ:DOCU) Director Sells $17,939.46 in Stock

Docusign Inc. (NASDAQ:DOCUGet Free Report) Director Anna Marrs sold 363 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $49.42, for a total transaction of $17,939.46. Following the completion of the transaction, the director directly owned 12,977 shares of the company’s stock, valued at $641,323.34. This represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anna Marrs also recently made the following trade(s):

  • On Tuesday, June 2nd, Anna Marrs sold 365 shares of Docusign stock. The shares were sold at an average price of $55.04, for a total transaction of $20,089.60.

Docusign Stock Performance

NASDAQ:DOCU opened at $47.26 on Monday. Docusign Inc. has a 1-year low of $40.16 and a 1-year high of $86.65. The firm has a fifty day simple moving average of $47.76 and a 200 day simple moving average of $54.09. The stock has a market capitalization of $9.18 billion, a PE ratio of 30.69, a P/E/G ratio of 1.80 and a beta of 0.92.

Docusign (NASDAQ:DOCUGet Free Report) last announced its quarterly earnings results on Thursday, June 4th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.10. Docusign had a return on equity of 17.48% and a net margin of 9.59%.The business had revenue of $830.24 million during the quarter, compared to the consensus estimate of $824.71 million. During the same quarter last year, the firm posted $0.90 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts predict that Docusign Inc. will post 1.76 earnings per share for the current fiscal year.

Docusign announced that its board has authorized a share buyback program on Tuesday, March 17th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to reacquire up to 21% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group set a $60.00 target price on Docusign in a report on Friday. Wedbush dropped their target price on Docusign from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday. Royal Bank Of Canada dropped their target price on Docusign from $70.00 to $55.00 and set a “sector perform” rating for the company in a report on Wednesday, March 18th. Wells Fargo & Company dropped their target price on Docusign from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. dropped their target price on Docusign from $78.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. Three investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.27.

Get Our Latest Research Report on Docusign

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division acquired a new position in Docusign in the fourth quarter valued at about $25,000. Modus Advisors LLC acquired a new position in Docusign in the fourth quarter valued at about $27,000. Torren Management LLC acquired a new position in Docusign in the fourth quarter valued at about $28,000. Aventura Private Wealth LLC acquired a new position in Docusign in the fourth quarter valued at about $30,000. Finally, True Wealth Design LLC raised its stake in Docusign by 105.2% in the fourth quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $30,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Key Docusign News

Here are the key news stories impacting Docusign this week:

Docusign Company Profile

(Get Free Report)

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.

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

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