DocuSign, Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson Sells 15,588 Shares of Stock

DocuSign, Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 15,588 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $97.78, for a total value of $1,524,194.64. Following the completion of the sale, the chief financial officer now directly owns 85,851 shares in the company, valued at approximately $8,394,510.78. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, December 16th, Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock. The stock was sold at an average price of $94.77, for a total value of $758,160.00.
• 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 value of $657,177.60.

DocuSign Stock Performance

Shares of DocuSign stock traded down $5.46 during trading hours on Wednesday, hitting $92.71. The company’s stock had a trading volume of 5,850,144 shares, compared to its average volume of 3,008,476. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86. The company has a market cap of $18.73 billion, a PE ratio of 19.12, a PEG ratio of 8.72 and a beta of 0.92. The business has a 50 day moving average price of $79.37 and a two-hundred day moving average price of $64.02.

Institutional Trading of DocuSign

A number of institutional investors and hedge funds have recently bought and sold shares of DOCU. Itau Unibanco Holding S.A. purchased a new position in DocuSign during the 3rd quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new stake in DocuSign during the third quarter valued at $33,000. Reston Wealth Management LLC bought a new position in DocuSign during the third quarter valued at $47,000. Wilmington Savings Fund Society FSB purchased a new position in shares of DocuSign in the 3rd quarter worth $51,000. Finally, nVerses Capital LLC bought a new stake in shares of DocuSign in the 2nd quarter worth about $48,000. 77.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of DocuSign in a research report on Friday, December 6th. Robert W. Baird raised their price target on shares of DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Jefferies Financial Group boosted their price objective on shares of DocuSign from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Wells Fargo & Company raised their target price on shares of DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a report on Friday, December 6th. Finally, Piper Sandler increased their price target on DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, DocuSign currently has a consensus rating of “Hold” and a consensus target price of $92.45.

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.