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

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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.

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