Docusign (NASDAQ:DOCU) CFO Blake Jeffrey Grayson Sells 6,500 Shares

Docusign Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $70.00, for a total value of $455,000.00. Following the completion of the transaction, the chief financial officer owned 111,713 shares in the company, valued at approximately $7,819,910. The trade was a 5.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Blake Jeffrey Grayson also recently made the following trade(s):

• On Wednesday, December 17th, Blake Jeffrey Grayson sold 9,515 shares of Docusign stock. The stock was sold at an average price of $68.33, for a total value of $650,159.95.

Docusign Price Performance

Shares of DOCU traded down $3.80 during mid-day trading on Tuesday, hitting $64.51. The stock had a trading volume of 3,618,434 shares, compared to its average volume of 3,235,887. Docusign Inc. has a 52 week low of $63.41 and a 52 week high of $99.30. The business has a fifty day moving average price of $68.21 and a 200-day moving average price of $72.77. The firm has a market cap of $12.92 billion, a P/E ratio of 45.11, a PEG ratio of 3.39 and a beta of 0.99.

Hedge Funds Weigh In On Docusign

Institutional investors have recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new stake in Docusign in the 4th quarter worth approximately $25,000. Aventura Private Wealth LLC purchased a new position in shares of Docusign during the fourth quarter worth approximately $30,000. True Wealth Design LLC lifted its holdings in shares of Docusign by 105.2% in the 4th quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $30,000 after acquiring an additional 222 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Docusign in the 2nd quarter valued at $43,000. Finally, SJS Investment Consulting Inc. boosted its stake in shares of Docusign by 5,318.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 596 shares of the company’s stock valued at $43,000 after purchasing an additional 585 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on DOCU shares. Bank of America cut their target price on shares of Docusign from $102.00 to $82.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Robert W. Baird dropped their price target on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Wedbush reduced their price objective on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. JMP Securities reissued a “market outperform” rating and set a $124.00 target price on shares of Docusign in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. cut their price target on Docusign from $80.00 to $78.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Six research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $85.13.

About Docusign

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.