DocuSign, Inc. (NASDAQ:DOCU) CFO Sells $608,720.00 in Stock

DocuSign, Inc. (NASDAQ:DOCU - Get Free Report) CFO Blake Jeffrey Grayson sold 8,000 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $76.09, for a total value of $608,720.00. Following the sale, the chief financial officer now owns 86,156 shares of the company's stock, valued at approximately $6,555,610.04. This represents a 8.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, March 19th, Blake Jeffrey Grayson sold 16,111 shares of DocuSign stock. The shares were sold at an average price of $83.20, for a total transaction of $1,340,435.20.
• On Friday, February 14th, Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock. The shares were sold at an average price of $86.90, for a total transaction of $695,200.00.

DocuSign Stock Performance

Shares of DOCU stock traded down $0.97 during trading hours on Friday, reaching $75.42. The company had a trading volume of 1,308,166 shares, compared to its average volume of 2,737,666. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 6.94 and a beta of 1.20. The stock has a fifty day moving average of $81.35 and a 200-day moving average of $83.10.

DocuSign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.02. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The firm had revenue of $776.25 million during the quarter, compared to the consensus estimate of $760.94 million. During the same period last year, the company earned $0.76 EPS. The company's quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its position in DocuSign by 10.1% in the 1st quarter. QRG Capital Management Inc. now owns 66,242 shares of the company's stock valued at $5,392,000 after buying an additional 6,087 shares during the period. Adero Partners LLC grew its stake in DocuSign by 7.0% during the 1st quarter. Adero Partners LLC now owns 3,231 shares of the company's stock worth $263,000 after purchasing an additional 212 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in DocuSign by 6.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,359 shares of the company's stock worth $3,367,000 after purchasing an additional 2,554 shares during the period. Optas LLC boosted its stake in shares of DocuSign by 7.6% in the 1st quarter. Optas LLC now owns 3,088 shares of the company's stock valued at $251,000 after buying an additional 219 shares during the period. Finally, Ritholtz Wealth Management grew its position in shares of DocuSign by 58.5% during the first quarter. Ritholtz Wealth Management now owns 3,926 shares of the company's stock worth $320,000 after buying an additional 1,449 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DOCU shares. HSBC upgraded DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 price target on the stock in a research note on Friday, April 11th. JMP Securities reaffirmed a "market outperform" rating and issued a $124.00 price objective on shares of DocuSign in a report on Thursday. Bank of America decreased their target price on shares of DocuSign from $112.00 to $98.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Morgan Stanley reduced their price objective on DocuSign from $97.00 to $92.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Robert W. Baird set a $93.00 price target on DocuSign in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, DocuSign currently has an average rating of "Hold" and an average price target of $93.08.

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.