Docusign (NASDAQ:DOCU) Stock: Insider Mary Agnes Wilderotter Sells 1,000 Shares

Docusign Inc. (NASDAQ:DOCU) Director Mary Wilderotter sold 1,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $68.80, for a total value of $68,800.00. Following the completion of the transaction, the director owned 2,199 shares in the company, valued at approximately $151,291.20. This represents a 31.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mary Agnes Wilderotter also recently made the following trade(s):

• On Wednesday, September 16th, Mary Wilderotter sold 1,096 shares of Docusign stock. The shares were sold at an average price of $70.60, for a total transaction of $77,377.60.

Docusign Stock Down 1.0%

DOCU traded down $0.73 during trading on Friday, hitting $69.01. 1,848,041 shares of the company’s stock were exchanged, compared to its average volume of 3,319,626. The business’s 50 day moving average is $63.52 and its two-hundred day moving average is $52.98. Docusign Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $75.00. The stock has a market cap of $12.90 billion, a P/E ratio of 42.08, a PEG ratio of 2.58 and a beta of 0.86.

Docusign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, September 3rd. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. The firm had revenue of $875.75 million for the quarter, compared to analyst estimates of $867.22 million. Docusign had a net margin of 9.82% and a return on equity of 18.29%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. On average, sell-side analysts forecast that Docusign Inc. will post 2.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DOCU. Wall Street Zen downgraded Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Robert W. Baird increased their price objective on Docusign from $55.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. BTIG Research increased their price objective on Docusign from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. UBS Group raised their target price on Docusign from $54.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Finally, Evercore set a $65.00 target price on Docusign in a research report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Docusign presently has an average rating of “Hold” and a consensus price target of $67.33.

Institutional Trading of Docusign

Institutional investors and hedge funds have recently made changes to their positions in the company. Tred Avon Family Wealth LLC lifted its holdings in Docusign by 3.6% during the first quarter. Tred Avon Family Wealth LLC now owns 6,176 shares of the company’s stock worth $293,000 after acquiring an additional 215 shares during the period. First Citizens Bank & Trust Co. grew its stake in Docusign by 2.1% in the 1st quarter. First Citizens Bank & Trust Co. now owns 11,745 shares of the company’s stock valued at $557,000 after purchasing an additional 239 shares during the period. Integrated Wealth Concepts LLC grew its stake in Docusign by 2.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 14,359 shares of the company’s stock valued at $638,000 after purchasing an additional 277 shares during the period. Harbour Investments Inc. increased its position in shares of Docusign by 56.6% during the 4th quarter. Harbour Investments Inc. now owns 797 shares of the company’s stock valued at $55,000 after purchasing an additional 288 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in shares of Docusign by 3.4% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 8,878 shares of the company’s stock valued at $421,000 after purchasing an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

About Docusign

DocuSign, Inc (NASDAQ:DOCU) provides cloud-based software for electronically signing, managing and automating agreements. Its platform enables individuals and organizations to prepare, send, sign, track and store documents digitally, helping replace paper-based contracting processes.

The company’s offerings include electronic signature tools, contract lifecycle management, identity verification and authentication services, document generation, agreement analytics and related workflow automation capabilities.