DocuSign, Inc. (NASDAQ:DOCU) CFO Sells $1,524,194.64 in Stock

DocuSign, Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 15,588 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $97.78, for a total value of $1,524,194.64. Following the transaction, the chief financial officer now directly owns 85,851 shares of the company’s stock, valued at approximately $8,394,510.78. This trade represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, December 16th, Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock. The stock was sold at an average price of $94.77, for a total value of $758,160.00.
• On Tuesday, October 15th, Blake Jeffrey Grayson sold 9,552 shares of DocuSign stock. The shares were sold at an average price of $68.80, for a total value of $657,177.60.

DocuSign Trading Up 0.3 %

Shares of DOCU stock opened at $94.41 on Friday. The company has a market capitalization of $19.07 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 8.72 and a beta of 0.92. The firm has a 50-day moving average price of $80.84 and a 200 day moving average price of $64.71. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86.

Hedge Funds Weigh In On DocuSign

A number of institutional investors have recently modified their holdings of DOCU. Garden State Investment Advisory Services LLC acquired a new stake in DocuSign during the third quarter worth approximately $210,000. Franklin Resources Inc. lifted its stake in shares of DocuSign by 12.1% during the 3rd quarter. Franklin Resources Inc. now owns 520,925 shares of the company’s stock worth $35,870,000 after purchasing an additional 56,221 shares during the period. Tidal Investments LLC boosted its holdings in shares of DocuSign by 62.8% during the third quarter. Tidal Investments LLC now owns 44,946 shares of the company’s stock worth $2,791,000 after purchasing an additional 17,339 shares during the last quarter. Optimist Retirement Group LLC grew its position in shares of DocuSign by 3.8% in the third quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company’s stock valued at $274,000 after purchasing an additional 161 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in DocuSign in the third quarter valued at $51,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. HSBC reiterated a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. Hsbc Global Res upgraded shares of DocuSign to a “moderate sell” rating in a research report on Friday, December 6th. Bank of America upped their price target on DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Jefferies Financial Group lifted their price objective on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company boosted their target price on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $92.45.

DocuSign Company Profile

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.