Docusign Inc (NASDAQ:DOCU) Director Sells $3,215,250.00 in Stock

Docusign Inc (NASDAQ:DOCU) Director Enrique T. Salem sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $214.35, for a total value of $3,215,250.00. Following the transaction, the director now directly owns 158,593 shares in the company, valued at approximately $33,994,409.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Enrique T. Salem also recently made the following trade(s):

  • On Monday, July 6th, Enrique T. Salem sold 64,245 shares of Docusign stock. The stock was sold at an average price of $189.87, for a total value of $12,198,198.15.

Shares of NASDAQ:DOCU traded up $7.02 on Thursday, reaching $222.26. 4,937,401 shares of the company’s stock were exchanged, compared to its average volume of 4,435,008. The firm has a market capitalization of $41.15 billion, a price-to-earnings ratio of -196.69 and a beta of 0.86. Docusign Inc has a fifty-two week low of $59.77 and a fifty-two week high of $290.23. The business’s 50-day moving average is $209.90 and its two-hundred day moving average is $158.05. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.31.

Docusign (NASDAQ:DOCU) last issued its earnings results on Thursday, September 3rd. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.38. The company had revenue of $342.21 million for the quarter, compared to analysts’ expectations of $318.55 million. Docusign had a negative net margin of 17.74% and a negative return on equity of 28.28%. The firm’s revenue was up 45.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 earnings per share. Analysts predict that Docusign Inc will post -0.85 earnings per share for the current fiscal year.

Several analysts have weighed in on DOCU shares. Zacks Investment Research lowered Docusign from a “hold” rating to a “sell” rating in a report on Friday, September 11th. Wells Fargo & Company assumed coverage on Docusign in a research report on Tuesday, June 23rd. They set an “equal weight” rating and a $160.00 target price on the stock. DA Davidson raised their price objective on Docusign from $161.00 to $270.00 in a report on Friday, September 4th. Deutsche Bank downgraded Docusign from a “buy” rating to a “hold” rating and set a $225.00 price objective on the stock. in a report on Friday, September 4th. They noted that the move was a valuation call. Finally, Piper Sandler lifted their price objective on shares of Docusign from $140.00 to $235.00 in a research note on Friday, September 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Docusign currently has an average rating of “Hold” and an average price target of $222.69.

Several large investors have recently modified their holdings of the business. Smithfield Trust Co. raised its holdings in shares of Docusign by 2.6% during the second quarter. Smithfield Trust Co. now owns 2,343 shares of the company’s stock worth $404,000 after purchasing an additional 60 shares during the period. Adirondack Trust Co. grew its position in shares of Docusign by 77.8% during the second quarter. Adirondack Trust Co. now owns 160 shares of the company’s stock worth $35,000 after acquiring an additional 70 shares during the last quarter. Toth Financial Advisory Corp grew its position in shares of Docusign by 222.2% during the second quarter. Toth Financial Advisory Corp now owns 145 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Evoke Wealth LLC grew its position in shares of Docusign by 6.7% during the second quarter. Evoke Wealth LLC now owns 1,728 shares of the company’s stock worth $298,000 after acquiring an additional 108 shares during the last quarter. Finally, Sowell Financial Services LLC grew its position in shares of Docusign by 11.3% during the first quarter. Sowell Financial Services LLC now owns 1,407 shares of the company’s stock worth $130,000 after acquiring an additional 143 shares during the last quarter. 76.87% of the stock is currently owned by institutional investors.

Docusign Company Profile

DocuSign, Inc provides cloud based software in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise businesses, commercial businesses, and small businesses, such as professionals, sole proprietorships and individuals.

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Insider Buying and Selling by Quarter for Docusign (NASDAQ:DOCU)

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