Paula Hansen Sells 6,000 Shares of Docusign (NASDAQ:DOCU) Stock

Docusign Inc. (NASDAQ:DOCU) CRO Paula Hansen sold 6,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.05, for a total transaction of $402,300.00. Following the transaction, the executive directly owned 68,970 shares in the company, valued at approximately $4,624,438.50. This represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Docusign Stock Up 6.7%

Docusign stock opened at $69.57 on Thursday. The firm has a fifty day simple moving average of $68.56 and a two-hundred day simple moving average of $72.99. Docusign Inc. has a twelve month low of $63.41 and a twelve month high of $99.30. The company has a market capitalization of $13.93 billion, a PE ratio of 48.65, a P/E/G ratio of 3.21 and a beta of 0.99.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DOCU. Palogic Value Management L.P. grew its holdings in shares of Docusign by 2.2% during the 1st quarter. Palogic Value Management L.P. now owns 5,438 shares of the company’s stock worth $443,000 after acquiring an additional 117 shares during the period. Centaurus Financial Inc. grew its stake in Docusign by 2.6% in the second quarter. Centaurus Financial Inc. now owns 5,398 shares of the company’s stock worth $420,000 after purchasing an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Docusign by 31.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 595 shares of the company’s stock worth $46,000 after purchasing an additional 142 shares during the period. Total Wealth Planning & Management Inc. raised its holdings in Docusign by 4.8% in the second quarter. Total Wealth Planning & Management Inc. now owns 3,170 shares of the company’s stock worth $247,000 after purchasing an additional 146 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its position in Docusign by 0.7% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 21,422 shares of the company’s stock valued at $1,544,000 after buying an additional 149 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on DOCU. Bank of America decreased their price target on Docusign from $102.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. JPMorgan Chase & Co. decreased their target price on shares of Docusign from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Wedbush lowered their price target on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Piper Sandler dropped their price target on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of Docusign in a research report on Wednesday, December 17th. Six investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $85.13.

About Docusign

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.