Insider Selling: Docusign Inc (NASDAQ:DOCU) CRO Sells $1,335,360.00 in Stock

Docusign Inc (NASDAQ:DOCU) CRO Loren Alhadeff sold 24,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $55.64, for a total value of $1,335,360.00.

Loren Alhadeff also recently made the following trade(s):

  • On Wednesday, June 19th, Loren Alhadeff sold 11,579 shares of Docusign stock. The stock was sold at an average price of $53.12, for a total value of $615,076.48.

Shares of NASDAQ DOCU opened at $62.93 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.76 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $10.64 billion, a PE ratio of -21.70 and a beta of 1.37. The stock’s fifty day simple moving average is $48.48 and its two-hundred day simple moving average is $52.36. Docusign Inc has a 12-month low of $35.06 and a 12-month high of $64.18.

Docusign (NASDAQ:DOCU) last announced its earnings results on Thursday, September 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.24. The business had revenue of $235.61 million for the quarter, compared to analysts’ expectations of $220.81 million. Docusign had a negative return on equity of 26.70% and a negative net margin of 28.20%. The business’s revenue for the quarter was up 41.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. On average, equities analysts predict that Docusign Inc will post -0.99 earnings per share for the current fiscal year.

Several research firms have commented on DOCU. JMP Securities raised their price objective on Docusign from $68.00 to $70.00 and gave the stock a “market outperform” rating in a report on Friday, September 6th. Wedbush upgraded Docusign from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $48.00 to $65.00 in a report on Friday, September 6th. DA Davidson raised their price objective on Docusign to $63.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Royal Bank of Canada initiated coverage on Docusign in a research report on Friday, September 6th. They set an “outperform” rating and a $75.00 target price on the stock. Finally, FBN Securities set a $65.00 target price on Docusign and gave the company a “buy” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $65.07.

Institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Docusign in the 2nd quarter worth $19,663,000. GAM Holding AG boosted its position in shares of Docusign by 63.3% in the 2nd quarter. GAM Holding AG now owns 106,187 shares of the company’s stock worth $5,279,000 after purchasing an additional 41,166 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Docusign in the 2nd quarter worth $3,503,000. Clearbridge Investments LLC boosted its position in shares of Docusign by 8.7% in the 1st quarter. Clearbridge Investments LLC now owns 1,677,883 shares of the company’s stock worth $86,981,000 after purchasing an additional 134,932 shares in the last quarter. Finally, AGF Investments Inc. boosted its position in shares of Docusign by 8.3% in the 2nd quarter. AGF Investments Inc. now owns 130,000 shares of the company’s stock worth $6,462,000 after purchasing an additional 10,000 shares in the last quarter. 69.76% of the stock is owned by hedge funds and other institutional investors.

Docusign Company Profile

DocuSign, Inc provides cloud based software in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise businesses, commercial businesses, and small businesses, such as professionals, sole proprietorships and individuals.

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Insider Buying and Selling by Quarter for Docusign (NASDAQ:DOCU)

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