Insider Selling: DocuSign, Inc. (NASDAQ:DOCU) CFO Sells 8,000 Shares of Stock

DocuSign, Inc. (NASDAQ:DOCU - Get Free Report) CFO Blake Jeffrey Grayson sold 8,000 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $86.90, for a total transaction of $695,200.00. Following the completion of the transaction, the chief financial officer now directly owns 77,851 shares of the company's stock, valued at approximately $6,765,251.90. The trade was a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Blake Jeffrey Grayson also recently made the following trade(s):

• On Wednesday, December 18th, Blake Jeffrey Grayson sold 15,588 shares of DocuSign stock. The shares were sold at an average price of $97.78, for a total transaction of $1,524,194.64.
• On Monday, December 16th, Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock. The stock was sold at an average price of $94.77, for a total transaction of $758,160.00.

DocuSign Trading Down 2.6 %

Shares of DOCU stock traded down $2.24 during mid-day trading on Friday, reaching $83.96. The stock had a trading volume of 1,974,777 shares, compared to its average volume of 1,923,247. The stock's 50-day moving average price is $91.73 and its two-hundred day moving average price is $76.50. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86. The firm has a market capitalization of $16.96 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 6.94 and a beta of 0.89.

Hedge Funds Weigh In On DocuSign

Hedge funds have recently modified their holdings of the company. Toronto Dominion Bank increased its position in shares of DocuSign by 30.3% in the third quarter. Toronto Dominion Bank now owns 26,159 shares of the company's stock valued at $1,624,000 after acquiring an additional 6,081 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of DocuSign by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company's stock valued at $82,478,000 after acquiring an additional 16,014 shares during the period. International Assets Investment Management LLC increased its position in shares of DocuSign by 5,660.8% during the third quarter. International Assets Investment Management LLC now owns 438,914 shares of the company's stock valued at $27,252,000 after buying an additional 431,295 shares during the period. Quantinno Capital Management LP increased its position in shares of DocuSign by 39.5% during the third quarter. Quantinno Capital Management LP now owns 201,546 shares of the company's stock valued at $12,514,000 after buying an additional 57,104 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of DocuSign by 7.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,296,517 shares of the company's stock valued at $80,501,000 after buying an additional 85,987 shares during the period. Hedge funds and other institutional investors own 77.64% of the company's stock.

Wall Street Analyst Weigh In

DOCU has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $90.00 price objective (up from $57.00) on shares of DocuSign in a report on Friday, December 6th. UBS Group lifted their price objective on shares of DocuSign from $60.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Robert W. Baird lifted their price objective on shares of DocuSign from $59.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. HSBC reaffirmed a "reduce" rating on shares of DocuSign in a report on Friday, December 6th. Finally, Piper Sandler lifted their price objective on shares of DocuSign from $60.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Three 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 MarketBeat, DocuSign presently has a consensus rating of "Hold" and an average price target of $92.45.

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.