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

Docusign Inc. (NASDAQ:DOCU) 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.

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

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.