DocuSign, Inc. (NASDAQ:DOCU) Director Teresa Briggs Sells 534 Shares

DocuSign, Inc. (NASDAQ:DOCU) Director Teresa Briggs sold 534 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $56.56, for a total value of $30,203.04. Following the transaction, the director now owns 7,202 shares in the company, valued at approximately $407,345.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

DocuSign Price Performance

NASDAQ:DOCU opened at $55.69 on Wednesday. The firm has a market capitalization of $11.40 billion, a P/E ratio of 107.10, a PEG ratio of 5.99 and a beta of 0.93. DocuSign, Inc. has a one year low of $38.11 and a one year high of $64.76. The company’s 50-day simple moving average is $55.71 and its 200 day simple moving average is $56.12.

DocuSign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.17. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The firm had revenue of $736.03 million for the quarter, compared to analysts’ expectations of $727.20 million. During the same period in the previous year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that DocuSign, Inc. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Morgan Stanley cut their price objective on DocuSign from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, June 7th. Bank of America lifted their price target on shares of DocuSign from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Robert W. Baird upped their price objective on shares of DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research report on Friday, September 6th. Finally, Wells Fargo & Company boosted their price target on shares of DocuSign from $48.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, DocuSign presently has a consensus rating of “Hold” and an average target price of $61.45.

Institutional Investors Weigh In On DocuSign

A number of institutional investors have recently modified their holdings of the stock. Dakota Wealth Management boosted its stake in DocuSign by 0.8% in the 2nd quarter. Dakota Wealth Management now owns 23,022 shares of the company’s stock worth $1,232,000 after purchasing an additional 181 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of DocuSign by 1.0% in the first quarter. New York State Teachers Retirement System now owns 18,469 shares of the company’s stock worth $1,100,000 after buying an additional 187 shares in the last quarter. Elo Mutual Pension Insurance Co grew its holdings in shares of DocuSign by 1.1% during the second quarter. Elo Mutual Pension Insurance Co now owns 18,848 shares of the company’s stock valued at $1,008,000 after buying an additional 214 shares during the last quarter. Motley Fool Asset Management LLC increased its position in shares of DocuSign by 6.0% during the first quarter. Motley Fool Asset Management LLC now owns 3,960 shares of the company’s stock valued at $236,000 after acquiring an additional 224 shares in the last quarter. Finally, Optimist Retirement Group LLC raised its holdings in DocuSign by 5.6% in the 2nd quarter. Optimist Retirement Group LLC now owns 4,255 shares of the company’s stock worth $228,000 after acquiring an additional 227 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

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.