DocuSign, Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson Sells 9,552 Shares of Stock

DocuSign, Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 9,552 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $68.80, for a total transaction of $657,177.60. Following the sale, the chief financial officer now owns 78,265 shares in the company, valued at approximately $5,384,632. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Blake Jeffrey Grayson also recently made the following trade(s):

• On Wednesday, September 18th, Blake Jeffrey Grayson sold 14,036 shares of DocuSign stock. The shares were sold at an average price of $55.47, for a total value of $778,576.92.

DocuSign Trading Down 0.1 %

DOCU stock opened at $72.50 on Friday. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 139.42, a PEG ratio of 7.33 and a beta of 0.92. The firm’s 50-day moving average price is $59.91 and its two-hundred day moving average price is $57.17. DocuSign, Inc. has a 12-month low of $38.11 and a 12-month high of $73.80.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.17. The company had revenue of $736.03 million for the quarter, compared to the consensus estimate of $727.20 million. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. DocuSign’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS. Equities analysts predict that DocuSign, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DOCU shares. Robert W. Baird upped their price objective on DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Bank of America increased their price target on shares of DocuSign from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Royal Bank of Canada boosted their price objective on shares of DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a report on Friday, September 6th. JMP Securities reaffirmed a “market outperform” rating and set a $84.00 target price on shares of DocuSign in a report on Thursday, September 5th. Finally, Citigroup boosted their price target on shares of DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $63.40.

Hedge Funds Weigh In On DocuSign

Hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Advisors LLC increased its position in DocuSign by 47.9% during the 3rd quarter. Inspire Advisors LLC now owns 25,744 shares of the company’s stock valued at $1,598,000 after purchasing an additional 8,335 shares during the period. Aaron Wealth Advisors LLC bought a new stake in shares of DocuSign during the 3rd quarter valued at about $269,000. Claro Advisors LLC purchased a new position in shares of DocuSign during the third quarter valued at about $727,000. V Square Quantitative Management LLC raised its stake in DocuSign by 6.0% in the third quarter. V Square Quantitative Management LLC now owns 3,019 shares of the company’s stock worth $187,000 after buying an additional 172 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in DocuSign by 3.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,436 shares of the company’s stock worth $2,573,000 after buying an additional 1,341 shares during the period. Institutional investors own 77.64% of the company’s stock.

DocuSign Company Profile

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.