DocuSign, Inc. (NASDAQ:DOCU) Insider Robert Chatwani Sells 14,800 Shares

DocuSign, Inc. (NASDAQ:DOCU) insider Robert Chatwani sold 14,800 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $97.76, for a total value of $1,446,848.00. Following the sale, the insider now owns 73,414 shares in the company, valued at approximately $7,176,952.64. The trade was a 16.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

DocuSign Stock Up 1.6 %

Shares of DocuSign stock opened at $94.15 on Friday. The business’s fifty day simple moving average is $80.33 and its 200-day simple moving average is $64.43. The firm has a market cap of $19.02 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 8.72 and a beta of 0.92. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DOCU shares. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research note on Friday, December 6th. Jefferies Financial Group upped their price objective on shares of DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $90.00 target price (up from $57.00) on shares of DocuSign in a research note on Friday, December 6th. Wells Fargo & Company increased their price target on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Finally, Citigroup raised their price objective on DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $92.45.

Institutional Investors Weigh In On DocuSign

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new position in shares of DocuSign during the third quarter worth $28,000. Brooklyn Investment Group acquired a new stake in shares of DocuSign in the third quarter valued at $33,000. Reston Wealth Management LLC acquired a new stake in shares of DocuSign in the third quarter valued at $47,000. nVerses Capital LLC acquired a new position in DocuSign during the 2nd quarter worth $48,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in DocuSign during the 3rd quarter worth about $51,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

About DocuSign

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.