Peter Solvik Sells 10,000 Shares of DocuSign, Inc. (NASDAQ:DOCU) Stock

DocuSign, Inc. (NASDAQ:DOCU) Director Peter Solvik sold 10,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $91.26, for a total value of $912,600.00. Following the sale, the director now directly owns 150,253 shares of the company’s stock, valued at $13,712,088.78. This represents a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

DocuSign Trading Down 0.4 %

DOCU stock opened at $90.02 on Tuesday. The business’s 50-day moving average price is $87.59 and its two-hundred day moving average price is $69.36. The firm has a market cap of $18.19 billion, a PE ratio of 18.56, a P/E/G ratio of 8.70 and a beta of 0.88. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86.

Analysts Set New Price Targets

DOCU has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Friday, December 6th. Morgan Stanley lifted their target price on DocuSign from $62.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. JMP Securities reissued a “market outperform” rating and issued a $124.00 target price on shares of DocuSign in a research note on Tuesday, January 7th. HSBC reissued a “reduce” rating on shares of DocuSign in a research note on Friday, December 6th. Finally, UBS Group lifted their target price on DocuSign from $60.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, DocuSign presently has an average rating of “Hold” and a consensus price target of $92.45.

Institutional Trading of DocuSign

A number of institutional investors have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of DocuSign by 2.3% in the third quarter. State Street Corp now owns 5,372,939 shares of the company’s stock valued at $333,604,000 after purchasing an additional 120,743 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of DocuSign by 18.3% in the second quarter. Renaissance Technologies LLC now owns 3,729,314 shares of the company’s stock valued at $199,518,000 after purchasing an additional 576,414 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of DocuSign by 77.9% in the second quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company’s stock valued at $188,318,000 after purchasing an additional 1,541,816 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of DocuSign by 1.6% in the third quarter. Geode Capital Management LLC now owns 3,483,184 shares of the company’s stock valued at $215,789,000 after purchasing an additional 53,554 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of DocuSign by 4.1% in the second quarter. Clearbridge Investments LLC now owns 2,920,842 shares of the company’s stock valued at $156,265,000 after purchasing an additional 115,616 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

DocuSign Company Profile

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.