DocuSign, Inc. (NASDAQ:DOCU – Get Rating) Director Daniel D. Springer sold 147,009 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $58.48, for a total transaction of $8,597,086.32. Following the sale, the director now directly owns 1,524,335 shares in the company, valued at approximately $89,143,110.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
DocuSign Stock Performance
Shares of DOCU stock opened at $56.51 on Friday. DocuSign, Inc. has a one year low of $39.57 and a one year high of $131.91. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day moving average price of $52.16 and a 200 day moving average price of $55.74. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of -85.62 and a beta of 1.00.
DocuSign (NASDAQ:DOCU – Get Rating) last issued its quarterly earnings results on Thursday, December 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.13. DocuSign had a negative net margin of 5.45% and a negative return on equity of 18.86%. The firm had revenue of $645.46 million during the quarter, compared to analyst estimates of $626.07 million. Sell-side analysts anticipate that DocuSign, Inc. will post -0.1 EPS for the current year.
Analyst Upgrades and Downgrades
Institutional Investors Weigh In On DocuSign
Large investors have recently made changes to their positions in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of DocuSign by 440.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 270 shares of the company’s stock worth $28,000 after acquiring an additional 220 shares in the last quarter. Ronald Blue Trust Inc. purchased a new position in shares of DocuSign in the second quarter valued at $42,000. Glassman Wealth Services boosted its stake in shares of DocuSign by 963.0% in the second quarter. Glassman Wealth Services now owns 489 shares of the company’s stock valued at $28,000 after purchasing an additional 443 shares during the period. Evermay Wealth Management LLC purchased a new position in shares of DocuSign in the fourth quarter valued at $28,000. Finally, Whittier Trust Co. purchased a new position in shares of DocuSign in the third quarter valued at $30,000. Institutional investors and hedge funds own 76.18% of the company’s stock.
DocuSign Company Profile
DocuSign, Inc provides electronic signature software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. It also offers CLM, which automates workflows across the entire agreement process; Insights that use artificial intelligence (AI) to search and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce; Negotiate for Salesforce that supports for approvals, document comparisons, and version control; Analyzer, which helps customers understand what they're signing before they sign it; and CLM+ that provide AI-driven contract lifecycle management.
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