Docusign (NASDAQ:DOCU) CFO Sells $650,159.95 in Stock

by · The Markets Daily

Docusign Inc. (NASDAQ:DOCU – Get Free Report) CFO Blake Jeffrey Grayson sold 9,515 shares of Docusign stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $68.33, for a total value of $650,159.95. Following the transaction, the chief financial officer owned 118,213 shares in the company, valued at approximately $8,077,494.29. The trade was a 7.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, October 1st, Blake Jeffrey Grayson sold 6,500 shares of Docusign stock. The shares were sold at an average price of $71.20, for a total value of $462,800.00.

Docusign Trading Up 0.3%

DOCU stock traded up $0.21 during trading on Wednesday, reaching $67.79. 2,888,432 shares of the stock were exchanged, compared to its average volume of 2,759,651. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 47.41, a P/E/G ratio of 3.42 and a beta of 0.98. The business has a 50 day moving average price of $68.97 and a 200-day moving average price of $74.21. Docusign Inc. has a 1 year low of $63.41 and a 1 year high of $99.71.

Analyst Ratings Changes

Several equities research analysts have issued reports on DOCU shares. Zacks Research cut Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Citigroup raised their price objective on Docusign from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, September 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $95.00 target price on shares of Docusign in a research report on Friday, December 5th. Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a research report on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Docusign in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.80.

Check Out Our Latest Analysis on Docusign

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. IFP Advisors Inc increased its holdings in Docusign by 31.9% in the 3rd quarter. IFP Advisors Inc now owns 1,955 shares of the company’s stock valued at $145,000 after purchasing an additional 473 shares in the last quarter. Strategic Advocates LLC purchased a new stake in shares of Docusign in the third quarter worth about $50,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Docusign during the 3rd quarter valued at about $522,000. Centaurus Financial Inc. lifted its position in Docusign by 3.4% during the 3rd quarter. Centaurus Financial Inc. now owns 5,582 shares of the company’s stock worth $402,000 after acquiring an additional 184 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in Docusign by 21.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,147 shares of the company’s stock worth $299,000 after acquiring an additional 723 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Docusign Company Profile

(Get Free Report)

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.

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