Anna Marrs Sells 363 Shares of Docusign (NASDAQ:DOCU) Stock

Docusign Inc. (NASDAQ:DOCUGet Free Report) Director Anna Marrs sold 363 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $49.42, for a total value of $17,939.46. Following the completion of the sale, the director owned 12,977 shares in the company, valued at approximately $641,323.34. The trade was a 2.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anna Marrs also recently made the following trade(s):

  • On Tuesday, June 2nd, Anna Marrs sold 365 shares of Docusign stock. The shares were sold at an average price of $55.04, for a total value of $20,089.60.

Docusign Price Performance

Shares of NASDAQ DOCU traded down $3.68 during mid-day trading on Friday, hitting $47.26. The company had a trading volume of 8,706,856 shares, compared to its average volume of 4,398,633. The company has a market capitalization of $9.18 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 2.00 and a beta of 0.92. Docusign Inc. has a 1-year low of $40.16 and a 1-year high of $86.65. The business’s 50-day simple moving average is $47.76 and its 200 day simple moving average is $54.16.

Docusign (NASDAQ:DOCUGet Free Report) last announced its quarterly earnings data on Thursday, June 4th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The business had revenue of $830.24 million for the quarter, compared to analysts’ expectations of $824.71 million. Docusign had a return on equity of 16.86% and a net margin of 9.60%.The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $0.90 earnings per share. On average, analysts expect that Docusign Inc. will post 1.76 EPS for the current year.

Docusign announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 21% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have weighed in on DOCU. Bank of America began coverage on Docusign in a research note on Tuesday, March 31st. They issued an “underperform” rating and a $52.00 price target on the stock. Citizens Jmp cut their price target on Docusign from $124.00 to $86.00 and set a “market outperform” rating on the stock in a research note on Wednesday, March 18th. Piper Sandler cut their price target on Docusign from $75.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Royal Bank Of Canada cut their price target on Docusign from $70.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 18th. Finally, Wedbush cut their price target on Docusign from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Docusign has an average rating of “Hold” and a consensus target price of $60.27.

Check Out Our Latest Stock Analysis on DOCU

Hedge Funds Weigh In On Docusign

Several hedge funds have recently made changes to their positions in DOCU. NewEdge Advisors LLC grew its holdings in shares of Docusign by 36.4% during the first quarter. NewEdge Advisors LLC now owns 9,202 shares of the company’s stock worth $749,000 after purchasing an additional 2,457 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Docusign by 6.7% during the second quarter. Guggenheim Capital LLC now owns 11,543 shares of the company’s stock worth $899,000 after purchasing an additional 729 shares during the last quarter. State Street Corp grew its holdings in shares of Docusign by 3.0% during the second quarter. State Street Corp now owns 8,074,976 shares of the company’s stock worth $628,960,000 after purchasing an additional 236,494 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Docusign by 60.7% during the second quarter. Sei Investments Co. now owns 40,386 shares of the company’s stock worth $3,146,000 after purchasing an additional 15,247 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Docusign by 51.0% during the second quarter. Treasurer of the State of North Carolina now owns 189,178 shares of the company’s stock worth $14,735,000 after purchasing an additional 63,911 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Docusign News Summary

Here are the key news stories impacting Docusign this week:

Docusign Company Profile

(Get Free Report)

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.

See Also

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

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