Brokerages Set DocuSign, Inc. (NASDAQ:DOCU) Price Target at $92.45

by · The Markets Daily

DocuSign, Inc. (NASDAQ:DOCU – Get Free Report) has earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $92.45.

A number of research analysts recently commented on the company. HSBC restated a “reduce” rating on shares of DocuSign in a research note on Friday, December 6th. Morgan Stanley raised their price objective on shares of DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Hsbc Global Res raised shares of DocuSign to a “moderate sell” rating in a research note on Friday, December 6th. Citigroup raised their price target on shares of DocuSign from $87.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $90.00 price objective (up from $57.00) on shares of DocuSign in a research note on Friday, December 6th.

View Our Latest Research Report on DocuSign

Insiders Place Their Bets

In related news, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $67.83, for a total transaction of $508,725.00. Following the transaction, the insider now owns 43,301 shares in the company, valued at $2,937,106.83. This represents a 14.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Blake Jeffrey Grayson sold 15,588 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $97.78, for a total transaction of $1,524,194.64. Following the sale, the chief financial officer now directly owns 85,851 shares in the company, valued at approximately $8,394,510.78. This represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 660,737 shares of company stock valued at $63,029,016. 1.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in DocuSign by 55.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,213 shares of the company’s stock valued at $439,000 after acquiring an additional 2,925 shares during the last quarter. Dakota Wealth Management raised its stake in shares of DocuSign by 0.8% during the second quarter. Dakota Wealth Management now owns 23,022 shares of the company’s stock worth $1,232,000 after buying an additional 181 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of DocuSign by 20.7% during the second quarter. Atria Wealth Solutions Inc. now owns 14,603 shares of the company’s stock worth $781,000 after buying an additional 2,507 shares during the last quarter. Oak Family Advisors LLC lifted its holdings in DocuSign by 51.5% in the second quarter. Oak Family Advisors LLC now owns 95,495 shares of the company’s stock valued at $5,109,000 after buying an additional 32,472 shares during the period. Finally, &PARTNERS bought a new position in DocuSign in the second quarter valued at approximately $403,000. Institutional investors own 77.64% of the company’s stock.

DocuSign Stock Up 0.3 %

DocuSign stock opened at $94.41 on Monday. DocuSign has a 12 month low of $48.70 and a 12 month high of $107.86. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 8.72 and a beta of 0.92. The business has a 50 day moving average price of $80.84 and a two-hundred day moving average price of $64.71.

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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