Docusign (NASDAQ:DOCU) Insider Robert Chatwani Sells 1,683 Shares

Docusign Inc. (NASDAQ:DOCU) insider Robert Chatwani sold 1,683 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $70.87, for a total transaction of $119,274.21. Following the sale, the insider directly owned 68,496 shares in the company, valued at $4,854,311.52. This trade represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Robert Chatwani also recently made the following trade(s):

• On Wednesday, December 17th, Robert Chatwani sold 13,818 shares of Docusign stock. The shares were sold at an average price of $68.33, for a total transaction of $944,183.94.
• On Thursday, December 11th, Robert Chatwani sold 983 shares of Docusign stock. The stock was sold at an average price of $68.62, for a total transaction of $67,453.46.

Docusign Stock Up 0.3%

Shares of DOCU stock traded up $0.17 during mid-day trading on Thursday, hitting $67.96. 415,163 shares of the stock were exchanged, compared to its average volume of 2,749,383. Docusign Inc. has a 52-week low of $63.41 and a 52-week high of $99.30. The company has a market cap of $13.61 billion, a PE ratio of 47.24, a price-to-earnings-growth ratio of 3.39 and a beta of 0.98. The firm has a fifty day moving average of $68.97 and a 200 day moving average of $74.21.

Analyst Upgrades and Downgrades

Several analysts have commented on DOCU shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $95.00 price objective on shares of Docusign in a report on Friday, December 5th. Argus reissued a “hold” rating on shares of Docusign in a report on Monday, September 8th. Robert W. Baird decreased their price objective on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. JMP Securities reiterated a “market outperform” rating and issued a $124.00 target price on shares of Docusign in a research report on Friday, October 3rd. Finally, Zacks Research lowered Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Six equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.80.

Hedge Funds Weigh In On Docusign

A number of institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc grew its stake in Docusign by 31.9% during the 3rd quarter. IFP Advisors Inc now owns 1,955 shares of the company’s stock valued at $145,000 after acquiring an additional 473 shares in the last quarter. Strategic Advocates LLC acquired a new position in shares of Docusign during the 3rd quarter worth approximately $50,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Docusign in the third quarter valued at approximately $522,000. Centaurus Financial Inc. increased its holdings in shares of Docusign by 3.4% in the third quarter. Centaurus Financial Inc. now owns 5,582 shares of the company’s stock valued at $402,000 after purchasing an additional 184 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in Docusign by 21.1% during the third quarter. Coldstream Capital Management Inc. now owns 4,147 shares of the company’s stock worth $299,000 after buying an additional 723 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

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.