DocuSign, Inc. (NASDAQ:DOCU) Given Consensus Rating of “Hold” by Brokerages

DocuSign, Inc. (NASDAQ:DOCUGet Free Report) has earned an average rating of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $92.45.

A number of analysts have commented on DOCU shares. Royal Bank of Canada restated a “sector perform” rating and set a $90.00 price target (up previously from $57.00) on shares of DocuSign in a research note on Friday, December 6th. Hsbc Global Res raised shares of DocuSign to a “moderate sell” rating in a research report on Friday, December 6th. Wells Fargo & Company raised their price target on shares of DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a research report on Friday, December 6th. Robert W. Baird boosted their price objective on DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, JMP Securities raised their target price on DocuSign from $108.00 to $124.00 and gave the company a “market outperform” rating in a report on Friday, December 6th.

Check Out Our Latest Research Report on DOCU

Insider Activity

In other DocuSign news, Director Daniel D. Springer sold 581,588 shares of DocuSign stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $97.04, for a total value of $56,437,299.52. Following the sale, the director now owns 906,430 shares of the company’s stock, valued at approximately $87,959,967.20. The trade was a 39.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Allan C. Thygesen sold 7,648 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $62.47, for a total transaction of $477,770.56. Following the transaction, the chief executive officer now directly owns 115,589 shares of the company’s stock, valued at $7,220,844.83. This represents a 6.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 650,650 shares of company stock valued at $60,848,626 over the last three months. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Inspire Investing LLC bought a new stake in DocuSign in the 3rd quarter valued at about $911,000. Charles Schwab Investment Management Inc. raised its position in shares of DocuSign by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company’s stock valued at $82,478,000 after purchasing an additional 16,014 shares during the period. International Assets Investment Management LLC lifted its stake in shares of DocuSign by 5,660.8% during the 3rd quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock valued at $27,252,000 after buying an additional 431,295 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in DocuSign by 39.5% in the 3rd quarter. Quantinno Capital Management LP now owns 201,546 shares of the company’s stock worth $12,514,000 after buying an additional 57,104 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in DocuSign by 7.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,296,517 shares of the company’s stock valued at $80,501,000 after buying an additional 85,987 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

DocuSign Stock Down 0.0 %

Shares of NASDAQ:DOCU opened at $94.48 on Monday. DocuSign has a twelve month low of $48.70 and a twelve month high of $107.86. The stock’s 50 day moving average is $78.04 and its 200-day moving average is $63.41. The firm has a market capitalization of $19.09 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 8.72 and a beta of 0.92.

DocuSign Company Profile

(Get Free Report

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.

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Analyst Recommendations for DocuSign (NASDAQ:DOCU)

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