DocuSign, Inc. (NASDAQ:DOCU) Director Sells $50,516.40 in Stock

DocuSign, Inc. (NASDAQ:DOCU) Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction on Monday, December 16th. The shares were sold at an average price of $94.60, for a total transaction of $50,516.40. Following the transaction, the director now owns 7,736 shares in the company, valued at approximately $731,825.60. This trade represents a 6.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

DocuSign Stock Up 0.3 %

DocuSign stock traded up $0.34 during mid-day trading on Tuesday, reaching $98.17. 3,797,399 shares of the company’s stock traded hands, compared to its average volume of 2,996,714. DocuSign, Inc. has a 12-month low of $48.70 and a 12-month high of $107.86. The company has a market cap of $19.83 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 8.72 and a beta of 0.92. The stock has a 50 day moving average of $79.37 and a two-hundred day moving average of $64.02.

Institutional Trading of DocuSign

Several hedge funds have recently made changes to their positions in the business. State Street Corp grew its position in DocuSign by 2.3% in the third quarter. State Street Corp now owns 5,372,939 shares of the company’s stock worth $333,604,000 after acquiring an additional 120,743 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of DocuSign by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 4,099,400 shares of the company’s stock valued at $219,318,000 after purchasing an additional 75,026 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of DocuSign by 18.3% in the 2nd quarter. Renaissance Technologies LLC now owns 3,729,314 shares of the company’s stock valued at $199,518,000 after purchasing an additional 576,414 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of DocuSign by 77.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company’s stock worth $188,318,000 after purchasing an additional 1,541,816 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of DocuSign by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,483,184 shares of the company’s stock valued at $215,789,000 after purchasing an additional 53,554 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on DOCU shares. Robert W. Baird boosted their price objective on DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. JMP Securities boosted their price target on DocuSign from $108.00 to $124.00 and gave the stock a “market outperform” rating in a report on Friday, December 6th. Hsbc Global Res raised shares of DocuSign to a “moderate sell” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on shares of DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd. Finally, HSBC restated a “reduce” rating on shares of DocuSign in a research report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.