Insider Selling: DocuSign, Inc. (NASDAQ:DOCU) Insider Sells 7,500 Shares of Stock

DocuSign, Inc. (NASDAQ:DOCU - Get Free Report) insider James P. Shaughnessy sold 7,500 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $90.17, for a total transaction of $676,275.00. Following the completion of the transaction, the insider now owns 43,781 shares of the company's stock, valued at $3,947,732.77. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

DocuSign Price Performance

NASDAQ:DOCU traded up $0.41 during trading hours on Thursday, reaching $90.35. The company had a trading volume of 1,629,510 shares, compared to its average volume of 3,016,365. The firm has a market cap of $18.25 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 8.72 and a beta of 0.92. The business's 50 day moving average price is $84.77 and its 200-day moving average price is $67.26. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DOCU shares. UBS Group upped their price objective on shares of DocuSign from $60.00 to $100.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Hsbc Global Res upgraded shares of DocuSign to a "moderate sell" rating in a research note on Friday, December 6th. HSBC reiterated a "reduce" rating on shares of DocuSign in a research note on Friday, December 6th. Wells Fargo & Company upped their target price on DocuSign from $50.00 to $70.00 and gave the company an "underweight" rating in a research report on Friday, December 6th. Finally, Morgan Stanley lifted their price target on DocuSign from $62.00 to $97.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, DocuSign has a consensus rating of "Hold" and a consensus target price of $92.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOCU. Itau Unibanco Holding S.A. purchased a new stake in shares of DocuSign during the 3rd quarter worth about $28,000. Brooklyn Investment Group acquired a new stake in DocuSign in the third quarter valued at approximately $33,000. Reston Wealth Management LLC acquired a new position in shares of DocuSign during the 3rd quarter worth approximately $47,000. Wilmington Savings Fund Society FSB purchased a new position in shares of DocuSign during the 3rd quarter valued at approximately $51,000. Finally, nVerses Capital LLC purchased a new stake in DocuSign in the 2nd quarter worth $48,000. Hedge funds and other institutional investors own 77.64% of the company's stock.

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.