DocuSign (DOCU) Expected to Announce Quarterly Earnings on Thursday

DocuSign (NASDAQ:DOCU - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Thursday, March 13th. Analysts expect the company to announce earnings of $0.84 per share and revenue of $760.94 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

DocuSign Price Performance

DOCU traded down $2.59 during mid-day trading on Thursday, hitting $79.77. The stock had a trading volume of 2,768,482 shares, compared to its average volume of 2,042,495. The stock's fifty day simple moving average is $89.64 and its 200-day simple moving average is $78.28. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 6.94 and a beta of 1.02. DocuSign has a 1-year low of $48.70 and a 1-year high of $107.86.

Analyst Ratings Changes

DOCU has been the subject of a number of research analyst reports. Citigroup boosted their target price on DocuSign from $87.00 to $113.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Morgan Stanley boosted their price objective on DocuSign from $62.00 to $97.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of DocuSign in a report on Tuesday, February 4th. Piper Sandler lifted their price target on shares of DocuSign from $60.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Finally, Robert W. Baird increased their price objective on shares of DocuSign from $59.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $92.45.

Insiders Place Their Bets

In related news, CEO Allan C. Thygesen sold 40,000 shares of DocuSign stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $90.04, for a total value of $3,601,600.00. Following the sale, the chief executive officer now owns 156,050 shares of the company's stock, valued at approximately $14,050,742. The trade was a 20.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the transaction, the chief financial officer now directly owns 77,851 shares of the company's stock, valued at $6,765,251.90. This trade represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 686,010 shares of company stock valued at $66,102,694 in the last three months. 1.66% of the stock is currently owned by corporate insiders.

DocuSign Company Profile

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.