Docusign (NASDAQ:DOCU) Director Sells $16,128.84 in Stock

Docusign Inc. (NASDAQ:DOCU) Director Teresa Briggs sold 364 shares of Docusign stock in a transaction on Friday, February 27th. The stock was sold at an average price of $44.31, for a total value of $16,128.84. Following the completion of the sale, the director directly owned 9,170 shares of the company’s stock, valued at $406,322.70. The trade was a 3.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Docusign Trading Down 1.4%

DOCU stock traded down $0.65 during trading on Friday, reaching $45.07. The stock had a trading volume of 18,041,867 shares, compared to its average volume of 4,975,088. Docusign Inc. has a 52 week low of $40.16 and a 52 week high of $94.67. The stock’s 50 day moving average is $56.58 and its two-hundred day moving average is $66.79. The firm has a market cap of $9.03 billion, a PE ratio of 31.52, a PEG ratio of 1.89 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in shares of Docusign by 36.4% in the first quarter. NewEdge Advisors LLC now owns 9,202 shares of the company’s stock valued at $749,000 after acquiring an additional 2,457 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of Docusign during the second quarter worth about $129,000. Wealthfront Advisers LLC raised its stake in Docusign by 8.1% during the 2nd quarter. Wealthfront Advisers LLC now owns 3,983 shares of the company’s stock valued at $310,000 after purchasing an additional 297 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Docusign by 58.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 281,525 shares of the company’s stock worth $21,928,000 after purchasing an additional 104,293 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in Docusign by 6.8% in the 2nd quarter. Jennison Associates LLC now owns 708,149 shares of the company’s stock worth $55,158,000 after purchasing an additional 45,332 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wedbush dropped their price objective on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Wells Fargo & Company decreased their price target on shares of Docusign from $85.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, December 5th. HSBC set a $53.00 price target on shares of Docusign in a research note on Friday, February 13th. Zacks Research lowered Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, UBS Group decreased their target price on Docusign from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Five analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $78.80.

Docusign Company Profile

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.