Enrique T. Salem Sells 17,500 Shares of DocuSign, Inc. (NASDAQ:DOCU) Stock

Last updated on Monday, June 21, 2021 | 2021 MarketBeat

DocuSign, Inc. (NASDAQ:DOCU) Director Enrique T. Salem sold 17,500 shares of the firm's stock in a transaction that occurred on Thursday, June 17th. The shares were sold at an average price of $260.53, for a total transaction of $4,559,275.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ DOCU traded down $4.41 during mid-day trading on Monday, hitting $270.02. The company's stock had a trading volume of 2,557,413 shares, compared to its average volume of 3,210,174. The firm's 50 day moving average price is $217.40. DocuSign, Inc. has a twelve month low of $161.63 and a twelve month high of $290.23. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 3.05. The stock has a market capitalization of $52.61 billion, a price-to-earnings ratio of -250.02, a price-to-earnings-growth ratio of 90.38 and a beta of 0.82.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings results on Wednesday, June 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.16. DocuSign had a negative net margin of 12.54% and a negative return on equity of 26.53%. The business had revenue of $469.08 million during the quarter, compared to the consensus estimate of $437.66 million. During the same quarter last year, the firm posted $0.12 EPS. DocuSign's revenue was up 57.9% compared to the same quarter last year. On average, analysts predict that DocuSign, Inc. will post 0.05 earnings per share for the current fiscal year.

DOCU has been the subject of a number of research reports. Royal Bank of Canada initiated coverage on shares of DocuSign in a report on Friday, June 11th. They issued an "outperform" rating for the company. Zacks Investment Research lowered shares of DocuSign from a "buy" rating to a "hold" rating in a report on Thursday, April 8th. Wells Fargo & Company raised their price objective on shares of DocuSign from $210.00 to $215.00 and gave the company an "equal weight" rating in a report on Friday, June 4th. Citigroup raised their price objective on shares of DocuSign from $282.00 to $288.00 and gave the company a "buy" rating in a report on Friday, June 4th. Finally, Morgan Stanley raised their price objective on shares of DocuSign from $290.00 to $295.00 and gave the company an "overweight" rating in a report on Friday, June 4th. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. The company presently has an average rating of "Buy" and a consensus target price of $270.36.

Institutional investors and hedge funds have recently bought and sold shares of the business. Arthedge Capital Management LLC bought a new stake in shares of DocuSign during the 1st quarter worth $10,264,000. Los Angeles Capital Management LLC raised its stake in shares of DocuSign by 1,895.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 20,749 shares of the company's stock worth $4,613,000 after purchasing an additional 19,709 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of DocuSign by 90.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 7,331 shares of the company's stock worth $1,630,000 after purchasing an additional 3,474 shares during the period. Cloverfields Capital Group LP raised its stake in shares of DocuSign by 28.7% during the 1st quarter. Cloverfields Capital Group LP now owns 7,861 shares of the company's stock worth $1,591,000 after purchasing an additional 1,752 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of DocuSign by 51.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 50,292 shares of the company's stock worth $11,180,000 after purchasing an additional 16,999 shares during the period. 71.88% of the stock is currently owned by hedge funds and other institutional investors.

About DocuSign

DocuSign, Inc provides cloud based software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. It also offers CLM, which automates workflows across the entire agreement process; Insights that use artificial intelligence (AI) to search and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce; Negotiate for Salesforce that supports for approvals, document comparisons, and version control; Analyzer, which helps customers understand what they're signing before they sign it; and CLM+ that provide AI-driven contract lifecycle management.

Featured Article: What is the Nikkei 225 index?    

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: What is Blockchain?

7 Stocks to Buy Now and Avoid a Summer Swoon

Summer is generally a quiet time in the markets. Institutional investors, generally speaking, take some time away. In fact, that’s where the idiom “Sell in May and Go Away” comes from.

But quiet doesn’t mean uneventful. The world still moves along even in the lazy months of summer. And at the moment, there are two conflicting views driving the market.

One is the fear that everything’s a bubble that is just about to burst. We don’t recommend you get out of stocks, but let’s face it, things are more than just a little frothy.

But there’s another view summarized by the acronym, YOLO (as in You Only Live Once). And these investors are committed to keeping the markets going higher. Even if it means going “all in” (whatever that means to them) on risky asset classes like NFTs or Dogecoin.

We sincerely hope you take time to recharge (whatever that means to you) this summer. Whatever your personal beliefs, the reopening of our economy is a moment that deserves to be celebrated by all of us. But before you do, we recommend that you take a peek at these seven stocks that you can consider adding to your portfolio before you check out for the summer. These are likely to get as hot as a firecracker on the Fourth of July and should have you smiling when the summer ends.

View the "7 Stocks to Buy Now and Avoid a Summer Swoon".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.