Docusign (NASDAQ:DOCU) CRO Sells $402,300.00 in Stock

Docusign Inc. (NASDAQ:DOCU) CRO Paula Hansen sold 6,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $67.05, for a total value of $402,300.00. Following the transaction, the executive directly owned 68,970 shares of the company’s stock, valued at $4,624,438.50. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Docusign Stock Up 0.3%

NASDAQ:DOCU opened at $69.80 on Friday. Docusign Inc. has a twelve month low of $63.41 and a twelve month high of $99.30. The stock’s 50-day simple moving average is $68.52 and its 200 day simple moving average is $72.97. The firm has a market capitalization of $13.98 billion, a PE ratio of 48.81, a price-to-earnings-growth ratio of 3.43 and a beta of 0.99.

Institutional Investors Weigh In On Docusign

A number of institutional investors have recently modified their holdings of the company. Oak Family Advisors LLC raised its stake in shares of Docusign by 37.2% during the 2nd quarter. Oak Family Advisors LLC now owns 95,134 shares of the company’s stock worth $7,410,000 after purchasing an additional 25,795 shares during the period. Baird Financial Group Inc. increased its holdings in Docusign by 927.2% during the second quarter. Baird Financial Group Inc. now owns 124,145 shares of the company’s stock worth $9,670,000 after buying an additional 112,059 shares during the last quarter. QRG Capital Management Inc. raised its position in Docusign by 6.6% in the second quarter. QRG Capital Management Inc. now owns 70,583 shares of the company’s stock worth $5,498,000 after acquiring an additional 4,341 shares during the period. Vise Technologies Inc. bought a new stake in Docusign in the second quarter worth about $436,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Docusign in the second quarter valued at about $32,294,000. 77.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DOCU. Royal Bank Of Canada decreased their price target on shares of Docusign from $95.00 to $70.00 and set a “sector perform” rating on the stock in a report on Monday. UBS Group lowered their price target on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Robert W. Baird dropped their price target on Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Zacks Research lowered Docusign from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Wall Street Zen upgraded Docusign from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Six analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $85.13.

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.