Blake Jeffrey Grayson Sells 6,500 Shares of Docusign (NASDAQ:DOCU) Stock

Docusign Inc. (NASDAQ:DOCUGet Free Report) CFO Blake Jeffrey Grayson sold 6,500 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $70.00, for a total value of $455,000.00. Following the completion of the sale, the chief financial officer owned 111,713 shares of the company’s stock, valued at $7,819,910. The trade was a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Blake Jeffrey Grayson also recently made the following trade(s):

  • On Wednesday, December 17th, Blake Jeffrey Grayson sold 9,515 shares of Docusign stock. The stock was sold at an average price of $68.33, for a total value of $650,159.95.

Docusign Trading Down 4.1%

NASDAQ DOCU opened at $61.87 on Thursday. The business’s 50-day moving average price is $68.03 and its two-hundred day moving average price is $72.69. Docusign Inc. has a 12 month low of $61.83 and a 12 month high of $99.30. The firm has a market capitalization of $12.39 billion, a PE ratio of 43.27, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99.

Trending Headlines about Docusign

Here are the key news stories impacting Docusign this week:

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DOCU. NewEdge Advisors LLC increased its stake in Docusign by 36.4% in the first quarter. NewEdge Advisors LLC now owns 9,202 shares of the company’s stock valued at $749,000 after purchasing an additional 2,457 shares in the last quarter. Strs Ohio acquired a new stake in shares of Docusign in the 1st quarter valued at about $1,082,000. Voya Investment Management LLC increased its position in Docusign by 151.2% in the 1st quarter. Voya Investment Management LLC now owns 320,772 shares of the company’s stock valued at $26,111,000 after buying an additional 193,100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Docusign by 11.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,145 shares of the company’s stock worth $167,000 after buying an additional 225 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings 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 acquiring an additional 142 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DOCU. Bank of America lowered their price target on shares of Docusign from $102.00 to $82.00 and set a “neutral” rating for the company in a report on Friday, December 5th. JPMorgan Chase & Co. decreased their price objective on shares of Docusign from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Zacks Research downgraded shares of Docusign from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Royal Bank Of Canada dropped their target price 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. Finally, UBS Group decreased their price target on Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Six equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.13.

Get Our Latest Stock Report on DOCU

Docusign Company Profile

(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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Insider Buying and Selling by Quarter for Docusign (NASDAQ:DOCU)

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