DocuSign, Inc. (NASDAQ:DOCU) Given Consensus Rating of "Hold" by Brokerages

DocuSign, Inc. (NASDAQ:DOCU - Get Free Report) has been given a consensus rating of "Hold" by the thirteen research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $92.45.

A number of brokerages have commented on DOCU. Piper Sandler boosted their target price on DocuSign from $60.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on DocuSign from $50.00 to $70.00 and gave the company an "underweight" rating in a research note on Tuesday, December 3rd. Robert W. Baird boosted 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. Jefferies Financial Group increased their price objective on DocuSign from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Finally, UBS Group boosted their target price on DocuSign from $60.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th.

Insider Buying and Selling

In other DocuSign news, Director Daniel D. Springer sold 581,588 shares of DocuSign stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $97.04, for a total value of $56,437,299.52. Following the transaction, the director now owns 906,430 shares in the company, valued at $87,959,967.20. The trade was a 39.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Allan C. Thygesen sold 7,764 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $69.95, for a total transaction of $543,091.80. Following the completion of the sale, the chief executive officer now owns 107,825 shares in the company, valued at approximately $7,542,358.75. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 693,089 shares of company stock valued at $66,320,395 over the last quarter. 1.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On DocuSign

Several hedge funds have recently modified their holdings of the company. State Street Corp grew its holdings in shares of DocuSign by 2.3% during the third quarter. State Street Corp now owns 5,372,939 shares of the company's stock worth $333,604,000 after purchasing an additional 120,743 shares during the last quarter. American Century Companies Inc. grew its holdings in DocuSign by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 4,099,400 shares of the company's stock worth $219,318,000 after acquiring an additional 75,026 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of DocuSign by 18.3% during the second quarter. Renaissance Technologies LLC now owns 3,729,314 shares of the company's stock valued at $199,518,000 after acquiring an additional 576,414 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of DocuSign by 77.9% during the second quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company's stock worth $188,318,000 after purchasing an additional 1,541,816 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of DocuSign by 1.6% during the third quarter. Geode Capital Management LLC now owns 3,483,184 shares of the company's stock worth $215,789,000 after purchasing an additional 53,554 shares during the period. Institutional investors and hedge funds own 77.64% of the company's stock.

DocuSign Stock Performance

Shares of DOCU stock traded up $0.91 on Friday, reaching $90.42. 3,727,204 shares of the company's stock traded hands, compared to its average volume of 2,232,192. The company has a market capitalization of $18.27 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 8.72 and a beta of 0.88. DocuSign has a 12-month low of $48.70 and a 12-month high of $107.86. The business's 50 day moving average price is $87.19 and its two-hundred day moving average price is $68.85.

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.