DocuSign, Inc. (NASDAQ:DOCU) Insider Robert Chatwani Sells 14,799 Shares

DocuSign, Inc. (NASDAQ:DOCU) insider Robert Chatwani sold 14,799 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $55.46, for a total transaction of $820,752.54. Following the completion of the sale, the insider now owns 70,748 shares in the company, valued at approximately $3,923,684.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Robert Chatwani also recently made the following trade(s):

• On Monday, June 24th, Robert Chatwani sold 14,799 shares of DocuSign stock. The shares were sold at an average price of $52.17, for a total transaction of $772,063.83.

DocuSign Trading Up 2.2 %

Shares of NASDAQ DOCU opened at $57.91 on Friday. DocuSign, Inc. has a 1 year low of $38.11 and a 1 year high of $64.76. The firm’s 50-day moving average is $55.84 and its 200-day moving average is $56.14. The firm has a market capitalization of $11.86 billion, a PE ratio of 111.37, a price-to-earnings-growth ratio of 5.99 and a beta of 0.93.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.17. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. The firm had revenue of $736.03 million for the quarter, compared to analysts’ expectations of $727.20 million. During the same period last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities research analysts anticipate that DocuSign, Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DOCU. Massmutual Trust Co. FSB ADV raised its holdings in DocuSign by 5,000.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares during the period. Mather Group LLC. increased its position in shares of DocuSign by 4,338.5% in the 2nd quarter. Mather Group LLC. now owns 577 shares of the company’s stock valued at $31,000 after buying an additional 564 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in DocuSign during the 1st quarter worth $37,000. ICA Group Wealth Management LLC bought a new position in DocuSign during the fourth quarter worth about $39,000. Finally, nVerses Capital LLC acquired a new position in DocuSign in the second quarter valued at about $48,000. Institutional investors own 77.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DOCU. Royal Bank of Canada raised their price objective on shares of DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a report on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research report on Friday, September 6th. Piper Sandler decreased their target price on DocuSign from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Wells Fargo & Company lifted their price target on DocuSign from $48.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Finally, Robert W. Baird increased their price objective on shares of DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $61.45.

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.