Docusign Inc. (NASDAQ:DOCU) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on DocuSign, with 15 hold, three buy, and one sell rating among 19 analysts. The average 12-month price target is $60.27.
• DocuSign shares opened at $60.26, up 5.9%, while the company’s latest quarterly results exceeded expectations: adjusted EPS was $1.09 versus $0.99 expected, and revenue rose 8.7% year over year to $830.24 million.
• Insiders sold 76,695 shares worth approximately $3.48 million over the last quarter, though the transactions were conducted under pre-arranged Rule 10b5-1 trading plans. Institutional investors and hedge funds own 77.64% of the stock.

Docusign Inc. (NASDAQ:DOCU - Get Free Report) has earned an average rating of "Hold" from the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $60.2667.

Several analysts have commented on DOCU shares. Wall Street Zen cut Docusign from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 2nd. UBS Group set a $60.00 price objective on shares of Docusign in a report on Friday, June 5th. Wells Fargo & Company cut their price objective on shares of Docusign from $60.00 to $55.00 and set an "equal weight" rating on the stock in a report on Friday, June 5th. Weiss Ratings raised shares of Docusign from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group boosted their target price on shares of Docusign from $45.00 to $50.00 and gave the company a "hold" rating in a report on Friday, June 5th.

Docusign Stock Up 5.9%

Shares of Docusign stock opened at $60.26 on Friday. Docusign has a fifty-two week low of $40.16 and a fifty-two week high of $86.65. The firm has a market cap of $11.51 billion, a PE ratio of 39.13, a P/E/G ratio of 1.68 and a beta of 0.87. The business's fifty day moving average is $49.18 and its two-hundred day moving average is $48.29.

Docusign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.10. Docusign had a return on equity of 17.48% and a net margin of 9.59%.The business had revenue of $830.24 million during the quarter, compared to the consensus estimate of $824.71 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The business's revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Docusign will post 2.03 EPS for the current year.

Insider Buying and Selling at Docusign

In related news, insider James P. Shaughnessy sold 12,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total value of $546,480.00. Following the transaction, the insider directly owned 52,815 shares of the company's stock, valued at approximately $2,405,195.10. This trade represents a 18.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Blake Jeffrey Grayson sold 15,000 shares of the business's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $45.55, for a total value of $683,250.00. Following the sale, the chief financial officer directly owned 141,429 shares of the company's stock, valued at approximately $6,442,090.95. This trade represents a 9.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 76,695 shares of company stock worth $3,476,002. 0.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DOCU. Modus Advisors LLC purchased a new position in shares of Docusign in the 4th quarter valued at $27,000. Torren Management LLC acquired a new stake in Docusign in the 4th quarter valued at $28,000. Cary Street Partners Investment Advisory LLC raised its position in Docusign by 309.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company's stock valued at $38,000 after purchasing an additional 424 shares during the period. Basepoint Wealth LLC acquired a new position in shares of Docusign during the fourth quarter worth about $39,000. Finally, WealthCollab LLC boosted its position in shares of Docusign by 372.4% in the first quarter. WealthCollab LLC now owns 855 shares of the company's stock worth $41,000 after buying an additional 674 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

Docusign Company Profile

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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