Blake Jeffrey Grayson Sells 8,000 Shares of DocuSign, Inc. (NASDAQ:DOCU) Stock

DocuSign, Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 8,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $94.77, for a total value of $758,160.00. Following the transaction, the chief financial officer now owns 101,439 shares in the company, valued at $9,613,374.03. This trade represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, October 15th, Blake Jeffrey Grayson sold 9,552 shares of DocuSign stock. The stock was sold at an average price of $68.80, for a total transaction of $657,177.60.
• On Wednesday, September 18th, Blake Jeffrey Grayson sold 14,036 shares of DocuSign stock. The stock was sold at an average price of $55.47, for a total transaction of $778,576.92.

DocuSign Price Performance

DOCU traded up $0.34 during midday trading on Tuesday, reaching $98.17. 3,797,399 shares of the company’s stock were exchanged, compared to its average volume of 2,996,714. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86. The stock has a market capitalization of $19.83 billion, a PE ratio of 20.24, a P/E/G ratio of 8.72 and a beta of 0.92. The business’s 50-day moving average price is $79.37 and its 200 day moving average price is $64.02.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DOCU shares. JPMorgan Chase & Co. increased their price target on DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd. UBS Group lifted their price target on shares of DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Piper Sandler increased their price objective on shares of DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Robert W. Baird lifted their price objective on shares of DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group raised their price target on DocuSign from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.45.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new position in DocuSign in the 3rd quarter valued at about $28,000. Brooklyn Investment Group acquired a new position in shares of DocuSign in the third quarter valued at approximately $33,000. Reston Wealth Management LLC purchased a new position in shares of DocuSign during the third quarter valued at approximately $47,000. Wilmington Savings Fund Society FSB purchased a new position in shares of DocuSign during the third quarter valued at approximately $51,000. Finally, nVerses Capital LLC acquired a new stake in DocuSign during the second quarter worth approximately $48,000. 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.