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

Docusign Inc. (NASDAQ:DOCU) CRO Paula Hansen sold 3,300 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $68.81, for a total transaction of $227,073.00. Following the completion of the sale, the executive owned 106,557 shares of the company’s stock, valued at $7,332,187.17. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Docusign Trading Down 1.0%

Shares of DOCU traded down $0.73 during mid-day trading on Friday, reaching $69.01. The company’s stock had a trading volume of 1,848,041 shares, compared to its average volume of 3,319,626. Docusign Inc. has a 1-year low of $40.16 and a 1-year high of $75.00. The stock has a market cap of $12.90 billion, a P/E ratio of 42.08, a PEG ratio of 2.58 and a beta of 0.86. The business has a 50-day simple moving average of $63.52 and a two-hundred day simple moving average of $52.98.

Docusign (NASDAQ:DOCU) last posted its earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. Docusign had a return on equity of 18.29% and a net margin of 9.82%.The business had revenue of $875.75 million for the quarter, compared to analyst estimates of $867.22 million. During the same period in the previous year, the firm earned $0.30 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that Docusign Inc. will post 2.13 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BTIG Research upped their price objective on shares of Docusign from $60.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Evercore set a $65.00 target price on shares of Docusign in a research note on Friday, September 4th. Jefferies Financial Group lifted their target price on shares of Docusign from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, June 5th. Citigroup upped their price target on shares of Docusign from $54.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Finally, Wells Fargo & Company increased their price target on shares of Docusign from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tred Avon Family Wealth LLC grew its position in shares of Docusign by 3.6% during the 1st quarter. Tred Avon Family Wealth LLC now owns 6,176 shares of the company’s stock worth $293,000 after purchasing an additional 215 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Docusign by 2.1% in the first quarter. First Citizens Bank & Trust Co. now owns 11,745 shares of the company’s stock valued at $557,000 after buying an additional 239 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Docusign by 2.0% in the second quarter. Integrated Wealth Concepts LLC now owns 14,359 shares of the company’s stock valued at $638,000 after buying an additional 277 shares during the period. Harbour Investments Inc. boosted its stake in shares of Docusign by 56.6% in the fourth quarter. Harbour Investments Inc. now owns 797 shares of the company’s stock valued at $55,000 after buying an additional 288 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of Docusign by 3.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 8,878 shares of the company’s stock valued at $421,000 after buying an additional 296 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

Docusign Company Profile

DocuSign, Inc (NASDAQ:DOCU) provides cloud-based software for electronically signing, managing and automating agreements. Its platform enables individuals and organizations to prepare, send, sign, track and store documents digitally, helping replace paper-based contracting processes.

The company’s offerings include electronic signature tools, contract lifecycle management, identity verification and authentication services, document generation, agreement analytics and related workflow automation capabilities.