Docusign Inc. (NASDAQ:DOCU) Given Consensus Recommendation of “Hold” by Analysts

Shares of Docusign Inc. (NASDAQ:DOCU) have been assigned an average rating of “Hold” from the twenty-one ratings firms that are covering the stock, Marketbeat reports. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $78.80.

A number of equities analysts recently commented on DOCU shares. Jefferies Financial Group lowered Docusign from a “buy” rating to a “hold” rating and dropped their price target for the company from $105.00 to $45.00 in a research note on Monday, February 23rd. Wells Fargo & Company decreased their price objective on Docusign from $85.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, December 5th. Bank of America lowered their target price on Docusign from $102.00 to $82.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a report on Tuesday. Finally, HSBC set a $53.00 price target on shares of Docusign in a research report on Friday, February 13th.

Insider Transactions at Docusign

In related news, CRO Paula Hansen sold 6,000 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $67.05, for a total value of $402,300.00. Following the completion of the transaction, the executive owned 68,970 shares of the company’s stock, valued at approximately $4,624,438.50. This trade represents a 8.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James P. Shaughnessy sold 12,000 shares of Docusign stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $67.03, for a total value of $804,360.00. Following the completion of the transaction, the insider owned 54,550 shares of the company’s stock, valued at approximately $3,656,486.50. This represents a 18.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 77,476 shares of company stock worth $5,302,678. 1.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Docusign

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DOCU. Central Pacific Bank Trust Division purchased a new position in shares of Docusign in the 4th quarter worth approximately $25,000. Modus Advisors LLC purchased a new stake in Docusign during the 4th quarter valued at $27,000. Torren Management LLC purchased a new stake in Docusign during the 4th quarter valued at $28,000. True Wealth Design LLC lifted its position in Docusign by 105.2% in the fourth quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $30,000 after buying an additional 222 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in Docusign in the fourth quarter worth $30,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Docusign Stock Down 0.1%

Shares of Docusign stock opened at $48.64 on Wednesday. Docusign has a twelve month low of $40.16 and a twelve month high of $94.67. The business has a 50-day moving average price of $53.01 and a 200-day moving average price of $65.43. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 2.12 and a beta of 1.03.

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.