Insider Selling: Docusign (NASDAQ:DOCU) Insider Sells $119,274.21 in Stock

by · The Markets Daily

Docusign Inc. (NASDAQ:DOCU – Get Free Report) insider Robert Chatwani sold 1,683 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $70.87, for a total transaction of $119,274.21. Following the completion of the sale, the insider owned 68,496 shares in the company, valued at $4,854,311.52. This represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Robert Chatwani also recently made the following trade(s):

  • On Wednesday, December 17th, Robert Chatwani sold 13,818 shares of Docusign stock. The shares were sold at an average price of $68.33, for a total transaction of $944,183.94.
  • On Thursday, December 11th, Robert Chatwani sold 983 shares of Docusign stock. The shares were sold at an average price of $68.62, for a total transaction of $67,453.46.

Docusign Stock Up 0.8%

Shares of DOCU opened at $69.98 on Friday. The stock’s 50-day moving average price is $68.97 and its 200 day moving average price is $74.04. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 48.94, a P/E/G ratio of 3.49 and a beta of 0.98. Docusign Inc. has a 12-month low of $63.41 and a 12-month high of $99.30.

Institutional Trading of Docusign

Large investors have recently made changes to their positions in the business. Banque Transatlantique SA acquired a new stake in Docusign in the 1st quarter valued at about $26,000. Summit Securities Group LLC bought a new position in Docusign in the 1st quarter valued at $34,000. Rise Advisors LLC increased its stake in shares of Docusign by 864.6% in the 1st quarter. Rise Advisors LLC now owns 463 shares of the company’s stock valued at $38,000 after buying an additional 415 shares during the period. WPG Advisers LLC bought a new stake in shares of Docusign during the first quarter worth $39,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Docusign during the second quarter valued at $43,000. Institutional investors own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DOCU has been the subject of several research reports. Evercore ISI reduced their target price on Docusign from $92.00 to $80.00 and set an “in-line” rating for the company in a research report on Friday, December 5th. Morgan Stanley increased their price target on shares of Docusign from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Monday, September 8th. Bank of America decreased their price objective on Docusign from $102.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on Docusign from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Six research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Docusign presently has an average rating of “Hold” and an average price target of $86.80.

Check Out Our Latest Report on Docusign

About Docusign

(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.

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