Docusign Inc. (NASDAQ:DOCU) Receives $86.80 Average PT from Analysts

Shares of Docusign Inc. (NASDAQ:DOCU) have earned a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the company, Marketbeat.com reports. Sixteen analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $86.80.

Several equities research analysts recently commented on the stock. JMP Securities reiterated a “market outperform” rating and set a $124.00 target price on shares of Docusign in a research report on Friday, October 3rd. Robert W. Baird dropped their price target on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Bank of America cut their price target on shares of Docusign from $102.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Argus restated a “hold” rating on shares of Docusign in a report on Monday, September 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $95.00 target price on shares of Docusign in a report on Friday, December 5th.

Insider Buying and Selling

In other Docusign news, insider Robert Chatwani sold 13,818 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $68.33, for a total transaction of $944,183.94. Following the completion of the transaction, the insider owned 70,197 shares in the company, valued at approximately $4,796,561.01. This trade represents a 16.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Blake Jeffrey Grayson sold 9,515 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $68.33, for a total transaction of $650,159.95. Following the completion of the transaction, the chief financial officer owned 118,213 shares in the company, valued at $8,077,494.29. This trade represents a 7.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 87,542 shares of company stock valued at $6,097,905 over the last 90 days. 1.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Docusign

Several large investors have recently modified their holdings of DOCU. IFP Advisors Inc boosted its position in Docusign by 31.9% during the third quarter. IFP Advisors Inc now owns 1,955 shares of the company’s stock valued at $145,000 after acquiring an additional 473 shares during the last quarter. Strategic Advocates LLC acquired a new position in shares of Docusign in the 3rd quarter valued at about $50,000. CIBC Bancorp USA Inc. bought a new stake in shares of Docusign during the 3rd quarter valued at about $522,000. Centaurus Financial Inc. boosted its position in shares of Docusign by 3.4% during the 3rd quarter. Centaurus Financial Inc. now owns 5,582 shares of the company’s stock valued at $402,000 after purchasing an additional 184 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in Docusign by 21.1% during the third quarter. Coldstream Capital Management Inc. now owns 4,147 shares of the company’s stock worth $299,000 after purchasing an additional 723 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Docusign Trading Up 0.5%

Shares of DOCU stock opened at $69.97 on Friday. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 48.93, a PEG ratio of 3.51 and a beta of 0.98. The business’s 50-day moving average price is $69.12 and its 200-day moving average price is $73.42. Docusign has a 12 month low of $63.41 and a 12 month high of $99.30.

About Docusign

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.