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

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Docusign Inc (NASDAQ:DOCU) CRO Loren Alhadeff sold 24,000 shares of Docusign stock in a transaction on Friday, September 6th. The shares were sold at an average price of $55.64, for a total transaction 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 shares were sold at an average price of $53.12, for a total transaction of $615,076.48.

Shares of Docusign stock opened at $63.30 on Thursday. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of -21.83 and a beta of 1.37. Docusign Inc has a 52-week low of $35.06 and a 52-week high of $63.45. The company’s 50-day simple moving average is $48.48 and its 200-day simple moving average is $52.36. The company has a quick ratio of 1.76, a current ratio of 1.64 and a debt-to-equity ratio of 1.06.

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

Several equities research analysts have recently weighed in on DOCU shares. Wedbush upgraded shares of Docusign from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $48.00 to $65.00 in a research note on Friday, September 6th. Royal Bank of Canada initiated coverage on Docusign in a research report on Friday, September 6th. They issued an “outperform” rating and a $75.00 price target on the stock. Morgan Stanley upped their price objective on Docusign from $61.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. JMP Securities increased their price objective on Docusign from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Friday, September 6th. Finally, Citigroup increased their price objective on Docusign from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.07.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC acquired a new stake in shares of Docusign in the 2nd quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Docusign by 261.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 769 shares of the company’s stock valued at $38,000 after buying an additional 556 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Docusign by 226.1% in the first quarter. Rehmann Capital Advisory Group now owns 874 shares of the company’s stock valued at $45,000 after buying an additional 606 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Docusign during the second quarter worth $47,000. Finally, Regal Wealth Group Inc. acquired a new position in Docusign during the second quarter worth $50,000. Institutional investors own 69.76% of the company’s stock.

About Docusign

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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