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 company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $58.53, for a total transaction of $116,357.64. Following the transaction, the director now directly owns 3,763 shares of the company’s stock, valued at approximately $220,248.39. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

DocuSign Trading Down 0.5 %

NASDAQ:DOCU opened at $58.52 on Friday. DocuSign, Inc. has a 1 year low of $39.57 and a 1 year high of $113.67. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of -119.43, a PEG ratio of 18.92 and a beta of 1.00. The business has a fifty day moving average of $60.55 and a 200-day moving average of $54.34. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.02 and a current ratio of 1.02.

Analysts Set New Price Targets

DOCU has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price objective on shares of DocuSign from $53.00 to $59.00 and gave the company a “sector perform” rating in a research note on Friday, March 10th. Citigroup boosted their target price on DocuSign from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, March 9th. JPMorgan Chase & Co. cut DocuSign from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $58.00 to $48.00 in a report on Friday, March 10th. Bank of America decreased their target price on DocuSign from $72.00 to $68.00 in a report on Friday, March 10th. Finally, Robert W. Baird boosted their target price on DocuSign from $50.00 to $70.00 in a report on Friday, March 10th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of DocuSign by 1.1% in the third quarter. Vanguard Group Inc. now owns 18,481,405 shares of the company’s stock worth $988,201,000 after purchasing an additional 207,808 shares in the last quarter. Polen Capital Management LLC boosted its stake in DocuSign by 0.4% during the third quarter. Polen Capital Management LLC now owns 8,647,060 shares of the company’s stock valued at $462,358,000 after buying an additional 33,901 shares in the last quarter. Flossbach Von Storch AG boosted its position in shares of DocuSign by 1.0% in the 3rd quarter. Flossbach Von Storch AG now owns 5,873,436 shares of the company’s stock valued at $314,053,000 after purchasing an additional 58,499 shares during the period. Capital World Investors boosted its position in shares of DocuSign by 128.3% in the 1st quarter. Capital World Investors now owns 5,683,838 shares of the company’s stock valued at $608,853,000 after purchasing an additional 3,193,727 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in DocuSign by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 5,630,578 shares of the company’s stock worth $312,047,000 after acquiring an additional 120,648 shares in the last quarter. Institutional investors own 76.18% of the company’s stock.

About DocuSign

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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.