Anna Marrs Sells 363 Shares of Docusign (NASDAQ:DOCU) Stock

Docusign Inc. (NASDAQ:DOCU) Director Anna Marrs sold 363 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $64.50, for a total transaction of $23,413.50. Following the completion of the sale, the director owned 11,525 shares in the company, valued at $743,362.50. This represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Anna Marrs also recently made the following trade(s):

• On Tuesday, December 2nd, Anna Marrs sold 365 shares of Docusign stock. The stock was sold at an average price of $68.54, for a total transaction of $25,017.10.
• On Monday, September 15th, Anna Marrs sold 728 shares of Docusign stock. The shares were sold at an average price of $80.30, for a total transaction of $58,458.40.

Docusign Price Performance

NASDAQ DOCU traded down $5.43 on Friday, hitting $65.67. The stock had a trading volume of 8,925,162 shares, compared to its average volume of 2,738,978. The business’s fifty day moving average price is $69.80 and its 200 day moving average price is $75.45. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of 49.38, a price-to-earnings-growth ratio of 3.51 and a beta of 0.98. Docusign Inc. has a 52-week low of $63.41 and a 52-week high of $107.86.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, September 4th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. Docusign had a return on equity of 14.01% and a net margin of 9.08%.The firm had revenue of $800.64 million during the quarter, compared to analysts’ expectations of $780.35 million. During the same quarter last year, the firm earned $0.97 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Docusign Inc. will post 1.17 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Argus restated a “hold” rating on shares of Docusign in a research note on Monday, September 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Docusign in a report on Wednesday, October 8th. Zacks Research downgraded Docusign from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Evercore ISI decreased their price objective on Docusign from $92.00 to $80.00 and set an “in-line” rating for the company in a report on Friday. Finally, Bank of America lowered their target price on Docusign from $102.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $86.71.

Institutional Investors Weigh In On Docusign

Institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp lifted its position in shares of Docusign by 9.9% during the 1st quarter. Mackenzie Financial Corp now owns 3,455 shares of the company’s stock worth $281,000 after purchasing an additional 311 shares during the last quarter. US Bancorp DE increased its position in Docusign by 17.9% during the 1st quarter. US Bancorp DE now owns 4,648 shares of the company’s stock worth $378,000 after purchasing an additional 706 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Docusign by 5.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,888 shares of the company’s stock worth $561,000 after purchasing an additional 356 shares during the period. Atria Wealth Solutions Inc. boosted its stake in shares of Docusign by 4.1% during the 1st quarter. Atria Wealth Solutions Inc. now owns 9,327 shares of the company’s stock worth $759,000 after acquiring an additional 369 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its stake in shares of Docusign by 2.1% during the 1st quarter. iA Global Asset Management Inc. now owns 7,712 shares of the company’s stock worth $628,000 after buying an additional 157 shares during the last quarter. 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.