Blake Jeffrey Grayson Sells 16,111 Shares of DocuSign, Inc. (NASDAQ:DOCU) Stock

DocuSign, Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 16,111 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $83.20, for a total value of $1,340,435.20. Following the completion of the transaction, the chief financial officer now directly owns 93,960 shares in the company, valued at approximately $7,817,472. This represents a 14.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value of $695,200.00.

DocuSign Trading Down 0.6 %

Shares of DOCU traded down $0.50 during trading hours on Thursday, reaching $85.11. 2,234,214 shares of the stock traded hands, compared to its average volume of 2,607,510. DocuSign, Inc. has a 52-week low of $48.70 and a 52-week high of $107.86. The company’s 50-day moving average price is $87.67 and its two-hundred day moving average price is $79.91. The company has a market cap of $17.19 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 6.94 and a beta of 1.02.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The business had revenue of $776.25 million for the quarter, compared to analysts’ expectations of $760.94 million. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. On average, research analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current year.

Institutional Trading of DocuSign

Large investors have recently made changes to their positions in the business. Kestra Investment Management LLC bought a new stake in shares of DocuSign in the 4th quarter worth about $30,000. First Horizon Advisors Inc. increased its holdings in shares of DocuSign by 102.6% in the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock worth $36,000 after buying an additional 201 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of DocuSign in the 4th quarter worth about $36,000. Wood Tarver Financial Group LLC bought a new stake in shares of DocuSign in the 4th quarter worth about $37,000. Finally, McIlrath & Eck LLC increased its holdings in shares of DocuSign by 476.0% in the 4th quarter. McIlrath & Eck LLC now owns 432 shares of the company’s stock worth $39,000 after buying an additional 357 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DOCU has been the topic of a number of recent research reports. Robert W. Baird set a $93.00 price objective on DocuSign in a research note on Friday, March 14th. Hsbc Global Res raised DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. UBS Group reduced their price objective on DocuSign from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Jefferies Financial Group raised their price objective on DocuSign from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $95.00.

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.