DocuSign, Inc. (NASDAQ:DOCU) Receives $92.45 Consensus PT from Analysts

Shares of DocuSign, Inc. (NASDAQ:DOCU) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $92.45.

Several research analysts have issued reports on DOCU shares. Piper Sandler increased their price target on DocuSign from $60.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company increased their target price on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a report on Friday, December 6th. Robert W. Baird boosted their price target on shares of DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their price objective on shares of DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Finally, HSBC reissued a “reduce” rating on shares of DocuSign in a research report on Friday, December 6th.

DocuSign Trading Down 1.8 %

Shares of NASDAQ DOCU opened at $81.70 on Friday. The firm’s 50-day moving average price is $90.14 and its 200-day moving average price is $78.07. The firm has a market capitalization of $16.51 billion, a P/E ratio of 16.85, a P/E/G ratio of 6.94 and a beta of 0.89. DocuSign has a 1-year low of $48.70 and a 1-year high of $107.86.

Insider Transactions at DocuSign

In related news, CFO Blake Jeffrey Grayson sold 8,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the transaction, the chief financial officer now directly owns 77,851 shares of the company’s stock, valued at approximately $6,765,251.90. The trade was a 9.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel D. Springer sold 581,588 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $97.04, for a total transaction of $56,437,299.52. Following the transaction, the director now owns 906,430 shares of the company’s stock, valued at approximately $87,959,967.20. The trade was a 39.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 686,010 shares of company stock worth $66,102,694 in the last 90 days. Insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On DocuSign

A number of hedge funds have recently modified their holdings of the stock. Fluent Financial LLC bought a new position in DocuSign during the fourth quarter valued at $694,000. Total Wealth Planning & Management Inc. bought a new position in shares of DocuSign during the 4th quarter worth $312,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of DocuSign during the 4th quarter worth $14,463,000. Putney Financial Group LLC purchased a new stake in DocuSign in the 4th quarter worth about $65,000. Finally, Forum Financial Management LP bought a new stake in DocuSign in the 4th quarter valued at about $773,000. 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.