Insider Selling: Docusign (NASDAQ:DOCU) Insider Sells $804,360.00 in Stock

Docusign Inc. (NASDAQ:DOCU) insider James Shaughnessy sold 12,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.03, for a total transaction of $804,360.00. Following the completion of the sale, the insider directly owned 54,550 shares in the company, valued at approximately $3,656,486.50. The trade was a 18.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Docusign Trading Up 0.3%

Shares of DOCU opened at $69.80 on Friday. The firm has a market cap of $13.98 billion, a P/E ratio of 48.81, a PEG ratio of 3.43 and a beta of 0.99. Docusign Inc. has a 12 month low of $63.41 and a 12 month high of $99.30. The stock’s 50 day moving average is $68.52 and its two-hundred day moving average is $72.97.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DOCU. Central Pacific Bank Trust Division bought a new position in Docusign during the 4th quarter valued at $25,000. Aventura Private Wealth LLC acquired a new stake in shares of Docusign in the 4th quarter worth about $30,000. True Wealth Design LLC grew its holdings in Docusign by 105.2% in the 4th quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $30,000 after buying an additional 222 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Docusign in the 2nd quarter valued at about $43,000. Finally, SJS Investment Consulting Inc. boosted its stake in Docusign by 5,318.2% during the third quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock valued at $43,000 after buying an additional 585 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DOCU has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Docusign from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Royal Bank Of Canada cut their price target on shares of Docusign from $95.00 to $70.00 and set a “sector perform” rating on the stock in a research note on Monday. Zacks Research downgraded Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. BTIG Research started coverage on shares of Docusign in a research report on Tuesday, December 16th. They set a “buy” rating and a $88.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on shares of Docusign from $85.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, December 5th. Six investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $85.13.

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.