Blake Jeffrey Grayson Sells 8,000 Shares of DocuSign, Inc. (NASDAQ:DOCU) Stock

DocuSign, Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 8,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $94.77, for a total transaction of $758,160.00. Following the completion of the transaction, the chief financial officer now owns 101,439 shares of the company’s stock, valued at approximately $9,613,374.03. This represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Blake Jeffrey Grayson also recently made the following trade(s):

• On Tuesday, October 15th, Blake Jeffrey Grayson sold 9,552 shares of DocuSign stock. The shares were sold at an average price of $68.80, for a total transaction of $657,177.60.
• On Wednesday, September 18th, Blake Jeffrey Grayson sold 14,036 shares of DocuSign stock. The stock was sold at an average price of $55.47, for a total transaction of $778,576.92.

DocuSign Stock Up 0.3 %

Shares of DocuSign stock traded up $0.34 on Tuesday, hitting $98.17. 3,797,399 shares of the company were exchanged, compared to its average volume of 2,996,714. The company has a 50-day moving average price of $79.37 and a 200 day moving average price of $64.02. The stock has a market capitalization of $19.83 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 8.72 and a beta of 0.92. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Robert W. Baird increased their price target on DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Piper Sandler increased their target price on DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley boosted their price target on shares of DocuSign from $62.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Jefferies Financial Group increased their price objective on shares of DocuSign from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, JMP Securities boosted their target price on shares of DocuSign from $108.00 to $124.00 and gave the stock a “market outperform” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $92.45.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans purchased a new position in DocuSign in the second quarter worth approximately $115,795,000. Pacer Advisors Inc. lifted its stake 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 valued at $188,318,000 after purchasing an additional 1,541,816 shares during the last quarter. KBC Group NV lifted its stake in shares of DocuSign by 209.8% in the 3rd quarter. KBC Group NV now owns 1,156,874 shares of the company’s stock valued at $71,830,000 after purchasing an additional 783,419 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of DocuSign by 18.3% during the 2nd quarter. Renaissance Technologies LLC now owns 3,729,314 shares of the company’s stock worth $199,518,000 after purchasing an additional 576,414 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of DocuSign by 151.3% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 865,872 shares of the company’s stock worth $46,324,000 after purchasing an additional 521,292 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

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.