Docusign (NASDAQ:DOCU) Releases Earnings Results, Beats Estimates By $0.06 EPS

Docusign (NASDAQ:DOCUGet Free Report) issued its quarterly earnings data on Tuesday. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06, FiscalAI reports. The company had revenue of $836.86 million during the quarter, compared to analysts’ expectations of $828.23 million. Docusign had a net margin of 9.57% and a return on equity of 15.02%. Docusign’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share.

Docusign Stock Performance

Docusign stock opened at $47.54 on Wednesday. The firm’s fifty day moving average price is $51.11 and its 200-day moving average price is $64.46. The stock has a market cap of $9.52 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03. Docusign has a fifty-two week low of $40.16 and a fifty-two week high of $94.67.

Insider Activity at Docusign

In other Docusign news, CEO Allan C. Thygesen sold 26,250 shares of the firm’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $69.60, for a total transaction of $1,827,000.00. Following the sale, the chief executive officer owned 142,261 shares in the company, valued at $9,901,365.60. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Paula Hansen sold 6,000 shares of Docusign stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $67.05, for a total value of $402,300.00. Following the sale, the executive directly owned 68,970 shares of the company’s stock, valued at approximately $4,624,438.50. This trade represents a 8.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 51,477 shares of company stock valued at $3,521,607 over the last ninety days. 1.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Docusign

A number of large investors have recently modified their holdings of DOCU. Smartleaf Asset Management LLC boosted its stake in Docusign by 8.2% in the second quarter. Smartleaf Asset Management LLC now owns 2,169 shares of the company’s stock worth $166,000 after buying an additional 165 shares in the last quarter. Centaurus Financial Inc. grew its position in Docusign by 3.4% during the third quarter. Centaurus Financial Inc. now owns 5,582 shares of the company’s stock valued at $402,000 after acquiring an additional 184 shares during the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Docusign by 60.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 864 shares of the company’s stock worth $59,000 after acquiring an additional 326 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in shares of Docusign by 2.2% in the 3rd quarter. Hilltop Holdings Inc. now owns 17,028 shares of the company’s stock worth $1,228,000 after acquiring an additional 363 shares during the last quarter. Finally, Vise Technologies Inc. lifted its holdings in shares of Docusign by 12.6% in the 4th quarter. Vise Technologies Inc. now owns 3,501 shares of the company’s stock worth $239,000 after acquiring an additional 393 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank Of Canada cut their price target on shares of Docusign from $95.00 to $70.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. BTIG Research lowered their price objective on Docusign from $88.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a research note on Tuesday, March 10th. UBS Group reduced their target price on Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Finally, Wedbush decreased their target price on Docusign from $85.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Five analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, Docusign currently has a consensus rating of “Hold” and an average price target of $78.80.

Check Out Our Latest Stock Report on DOCU

Key Docusign News

Here are the key news stories impacting Docusign this week:

About Docusign

(Get Free Report)

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.

See Also

Earnings History for Docusign (NASDAQ:DOCU)

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