Insider Selling: Docusign Inc (NASDAQ:DOCU) CRO Sells 10,821 Shares of Stock

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Docusign Inc (NASDAQ:DOCU) CRO Loren Alhadeff sold 10,821 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $61.79, for a total value of $668,629.59.

Loren Alhadeff also recently made the following trade(s):

  • On Friday, September 6th, Loren Alhadeff sold 24,000 shares of Docusign stock. The shares were sold at an average price of $55.64, for a total value of $1,335,360.00.

DOCU stock traded up $1.44 during midday trading on Friday, hitting $64.80. 8,980,090 shares of the company’s stock were exchanged, compared to its average volume of 2,604,731. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.06. Docusign Inc has a 12-month low of $35.06 and a 12-month high of $65.07. The firm has a 50 day moving average price of $49.70 and a 200-day moving average price of $52.63. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of -22.34 and a beta of 1.37.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.24. Docusign had a negative return on equity of 26.70% and a negative net margin of 28.20%. The company had revenue of $235.61 million for the quarter, compared to the consensus estimate of $220.81 million. During the same period in the previous year, the business earned $0.03 EPS. Docusign’s revenue for the quarter was up 41.0% compared to the same quarter last year. On average, sell-side analysts forecast that Docusign Inc will post -1.04 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC purchased a new stake in Docusign during the 2nd quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Docusign by 261.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 769 shares of the company’s stock valued at $38,000 after acquiring an additional 556 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in shares of Docusign by 226.1% in the 1st quarter. Rehmann Capital Advisory Group now owns 874 shares of the company’s stock valued at $45,000 after acquiring an additional 606 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Docusign in the 2nd quarter valued at approximately $47,000. Finally, Regal Wealth Group Inc. bought a new stake in shares of Docusign in the 2nd quarter valued at approximately $50,000. Institutional investors own 68.79% of the company’s stock.

Several equities research analysts recently commented on DOCU shares. DA Davidson raised their target price on Docusign to $63.00 and gave the company a “buy” rating in a report on Friday, September 6th. JMP Securities raised their target price on Docusign from $68.00 to $70.00 and gave the company a “market outperform” rating in a report on Friday, September 6th. Morgan Stanley raised their target price on Docusign from $61.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, September 6th. William Blair reiterated an “outperform” rating on shares of Docusign in a report on Friday, June 7th. Finally, Royal Bank of Canada started coverage on Docusign in a report on Friday, September 6th. They set an “outperform” rating and a $75.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. Docusign presently has a consensus rating of “Buy” and a consensus target price of $65.07.

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

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