Docusign (NASDAQ:DOCU) Director Mary Agnes Wilderotter Sells 1,000 Shares of Stock

Key Points

• Director Mary Agnes Wilderotter sold 1,000 DocuSign shares at an average price of $68.80, receiving $68,800 under a pre-arranged Rule 10b5-1 trading plan. Her remaining stake fell to 2,199 shares.
• DocuSign shares recently traded at $69.01, with a market capitalization of approximately $12.9 billion and a 52-week range of $40.16 to $75.00.
• The company exceeded quarterly expectations, reporting $1.16 in earnings per share and $875.75 million in revenue, while analysts maintain a consensus “Hold” rating with a $67.33 target price.

Docusign Inc. (NASDAQ:DOCU - Get Free Report) Director Mary Wilderotter sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $68.80, for a total transaction of $68,800.00. Following the completion of the transaction, the director owned 2,199 shares in the company, valued at $151,291.20. This trade represents a 31.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mary Agnes Wilderotter also recently made the following trade(s):

• On Wednesday, September 16th, Mary Wilderotter sold 1,096 shares of Docusign stock. The shares were sold at an average price of $70.60, for a total transaction of $77,377.60.

Docusign Price Performance

Shares of DOCU traded down $0.73 during trading hours on Friday, hitting $69.01. 1,848,041 shares of the stock were exchanged, compared to its average volume of 3,319,626. Docusign Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $75.00. The business has a 50-day moving average of $63.52 and a 200-day moving average of $52.98. The firm has a market capitalization of $12.90 billion, a P/E ratio of 42.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.86.

Docusign (NASDAQ:DOCU - Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.07. The business had revenue of $875.75 million for the quarter, compared to analyst estimates of $867.22 million. Docusign had a net margin of 9.82% and a return on equity of 18.29%. Docusign's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 earnings per share. As a group, analysts forecast that Docusign Inc. will post 2.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Docusign

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Modus Advisors LLC acquired a new stake in shares of Docusign in the 4th quarter valued at about $27,000. Harbour Investments Inc. raised its stake in Docusign by 56.6% during the 4th quarter. Harbour Investments Inc. now owns 797 shares of the company's stock worth $55,000 after buying an additional 288 shares during the period. WealthCollab LLC raised its stake in Docusign by 372.4% during the 1st quarter. WealthCollab LLC now owns 855 shares of the company's stock worth $41,000 after buying an additional 674 shares during the period. Virtus Advisers LLC bought a new position in Docusign in the second quarter worth approximately $47,000. Finally, Rakuten Securities Inc. bought a new position in Docusign in the second quarter worth approximately $49,000. Institutional investors own 77.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DOCU. UBS Group raised their target price on Docusign from $54.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, September 4th. Citizens Jmp reissued a "market outperform" rating and issued a $86.00 price target on shares of Docusign in a research note on Friday, September 4th. Needham & Company LLC restated a "hold" rating on shares of Docusign in a report on Friday, September 4th. Citigroup raised their price objective on shares of Docusign from $54.00 to $72.00 and gave the stock a "neutral" rating in a research report on Friday, September 4th. Finally, Weiss Ratings raised shares of Docusign from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 25th. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $67.33.

Docusign Company Profile

DocuSign, Inc NASDAQ: DOCU provides cloud-based software for electronically signing, managing and automating agreements. Its platform enables individuals and organizations to prepare, send, sign, track and store documents digitally, helping replace paper-based contracting processes.

The company's offerings include electronic signature tools, contract lifecycle management, identity verification and authentication services, document generation, agreement analytics and related workflow automation capabilities.

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