Docusign Inc (NASDAQ:DOCU) Director Peter Solvik sold 16,452 shares of Docusign stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $167.51, for a total transaction of $2,755,874.52. Following the sale, the director now directly owns 7,561 shares of the company’s stock, valued at approximately $1,266,543.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of DOCU stock opened at $168.40 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. Docusign Inc has a 52 week low of $43.13 and a 52 week high of $172.21. The stock has a market capitalization of $30.61 billion, a PE ratio of -143.93 and a beta of 0.83. The firm has a 50 day moving average of $139.21 and a two-hundred day moving average of $97.06.
Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. Docusign had a negative net margin of 19.91% and a negative return on equity of 29.36%. The business had revenue of $297.02 million for the quarter, compared to analyst estimates of $281.12 million. During the same period last year, the business earned $0.07 EPS. The company’s revenue was up 38.8% on a year-over-year basis. Analysts expect that Docusign Inc will post -0.74 EPS for the current fiscal year.
A number of brokerages recently commented on DOCU. Wells Fargo & Co began coverage on shares of Docusign in a research note on Tuesday. They issued an “equal weight” rating and a $160.00 price objective for the company. Oppenheimer assumed coverage on Docusign in a research report on Wednesday. They set an “outperform” rating and a $200.00 price target on the stock. Deutsche Bank boosted their price objective on shares of Docusign from $90.00 to $160.00 and gave the company a “buy” rating in a report on Friday, June 5th. Wedbush boosted their price objective on shares of Docusign from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Docusign from $90.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $133.58.
A number of institutional investors have recently modified their holdings of the business. AXA purchased a new position in Docusign during the 1st quarter worth $517,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Docusign by 67.4% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 15,900 shares of the company’s stock valued at $1,469,000 after acquiring an additional 6,400 shares in the last quarter. UMB Bank N A MO purchased a new stake in shares of Docusign in the first quarter valued at about $5,156,000. 1832 Asset Management L.P. boosted its holdings in shares of Docusign by 39.0% in the first quarter. 1832 Asset Management L.P. now owns 1,343,600 shares of the company’s stock valued at $116,554,000 after acquiring an additional 377,100 shares in the last quarter. Finally, FDx Advisors Inc. purchased a new stake in shares of Docusign in the first quarter valued at about $36,000. 79.26% of the stock is currently owned by institutional investors.
DocuSign, Inc provides cloud based software in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise businesses, commercial businesses, and small businesses, such as professionals, sole proprietorships and individuals.
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