Docusign (NASDAQ:DOCU) CEO Allan Thygesen Sells 26,250 Shares of Stock

Docusign Inc. (NASDAQ:DOCUGet Free Report) CEO Allan Thygesen sold 26,250 shares of the business’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $69.60, for a total value of $1,827,000.00. Following the transaction, the chief executive officer owned 142,261 shares in the company, valued at approximately $9,901,365.60. This trade represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Docusign Stock Performance

Docusign stock opened at $64.51 on Wednesday. The stock has a market cap of $12.92 billion, a PE ratio of 45.11, a price-to-earnings-growth ratio of 3.37 and a beta of 0.99. The stock has a 50-day moving average of $68.21 and a two-hundred day moving average of $72.77. Docusign Inc. has a one year low of $63.41 and a one year high of $99.30.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DOCU. Weiss Ratings reissued a “hold (c)” rating on shares of Docusign in a research report on Wednesday, October 8th. Royal Bank Of Canada dropped their price objective on shares of Docusign from $95.00 to $70.00 and set a “sector perform” rating on the stock in a report on Monday, January 5th. BTIG Research initiated coverage on Docusign in a research report on Tuesday, December 16th. They issued a “buy” rating and a $88.00 target price on the stock. Wells Fargo & Company lowered their price target on Docusign from $85.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, December 5th. Finally, JMP Securities reiterated a “market outperform” rating and set a $124.00 price target on shares of Docusign in a research note on Friday, October 3rd. Six investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $85.13.

View Our Latest Stock Analysis on Docusign

Institutional Investors Weigh In On Docusign

Hedge funds have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division purchased a new position in shares of Docusign during the 4th quarter valued at about $25,000. Aventura Private Wealth LLC acquired a new stake in Docusign during the fourth quarter worth about $30,000. True Wealth Design LLC raised its position in Docusign by 105.2% during the fourth quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $30,000 after acquiring an additional 222 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Docusign in the second quarter valued at approximately $43,000. Finally, SJS Investment Consulting Inc. boosted its position in Docusign by 5,318.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock worth $43,000 after purchasing an additional 585 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

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About Docusign

(Get Free Report)

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.

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