Teresa Briggs Sells 1,988 Shares of DocuSign, Inc. (NASDAQ:DOCU) Stock
DocuSign, Inc. (NASDAQ:DOCU – Get Rating) Director Teresa Briggs sold 1,988 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $58.53, for a total value of $116,357.64. Following the transaction, the director now owns 3,763 shares of the company’s stock, valued at $220,248.39. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
DocuSign Stock Performance
→ The “King Of Quants” sees 10X potential… (From Investor Place Media)
Shares of DocuSign stock traded down $0.29 during trading hours on Friday, hitting $58.52. 3,803,313 shares of the company were exchanged, compared to its average volume of 4,715,510. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.46. The business has a 50-day moving average of $60.48 and a 200-day moving average of $54.37. DocuSign, Inc. has a 1 year low of $39.57 and a 1 year high of $113.67. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of -118.61, a P/E/G ratio of 18.56 and a beta of 1.00.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on DOCU shares. Jefferies Financial Group upped their price objective on shares of DocuSign from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, March 7th. Wells Fargo & Company cut their price objective on DocuSign from $65.00 to $60.00 in a research report on Friday, March 10th. JPMorgan Chase & Co. downgraded shares of DocuSign from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $58.00 to $48.00 in a research note on Friday, March 10th. Citigroup lifted their price objective on shares of DocuSign from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, March 9th. Finally, JMP Securities restated a “market outperform” rating and issued a $84.00 price target on shares of DocuSign in a research note on Friday, March 10th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.93.
Hedge Funds Weigh In On DocuSign
Several institutional investors have recently bought and sold shares of DOCU. Capital World Investors raised its stake in shares of DocuSign by 128.3% during the 1st quarter. Capital World Investors now owns 5,683,838 shares of the company’s stock worth $608,853,000 after buying an additional 3,193,727 shares in the last quarter. Vanguard Group Inc. raised its position in DocuSign by 20.3% in the first quarter. Vanguard Group Inc. now owns 17,308,877 shares of the company’s stock worth $1,854,127,000 after acquiring an additional 2,917,683 shares in the last quarter. Norges Bank purchased a new position in DocuSign in the fourth quarter worth $99,841,000. Assenagon Asset Management S.A. lifted its holdings in DocuSign by 1,109.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,814,055 shares of the company’s stock valued at $100,535,000 after acquiring an additional 1,664,082 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of DocuSign by 123.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,329,300 shares of the company’s stock worth $133,655,000 after purchasing an additional 1,286,400 shares during the period. 76.18% of the stock is owned by institutional investors and hedge funds.
DocuSign Company Profile
DocuSign, Inc provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions including identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to email@example.com.
Before you consider DocuSign, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and DocuSign wasn’t on the list.
While DocuSign currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.