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

DocuSign, Inc. (NASDAQ:DOCU) has earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $92.45.

Several research firms recently weighed in on DOCU. Wells Fargo & Company lifted their price objective on shares of DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on shares of DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. HSBC restated a “reduce” rating on shares of DocuSign in a research report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a report on Friday, December 6th. Finally, JMP Securities boosted their target price on DocuSign from $108.00 to $124.00 and gave the company a “market outperform” rating in a research note on Friday, December 6th.

DocuSign Trading Up 0.3 %

Shares of DOCU opened at $94.41 on Monday. The stock has a market cap of $19.07 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 8.72 and a beta of 0.92. DocuSign has a 1 year low of $48.70 and a 1 year high of $107.86. The stock’s 50-day moving average price is $80.84 and its two-hundred day moving average price is $64.71.

Insider Buying and Selling

In related news, insider James P. Shaughnessy sold 7,500 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $67.83, for a total transaction of $508,725.00. Following the completion of the transaction, the insider now owns 43,301 shares in the company, valued at approximately $2,937,106.83. This represents a 14.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction on Monday, December 16th. The shares were sold at an average price of $94.60, for a total transaction of $50,516.40. Following the completion of the sale, the director now owns 7,736 shares in the company, valued at $731,825.60. The trade was a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 660,737 shares of company stock worth $63,029,016. 1.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DOCU. Toronto Dominion Bank raised its stake in shares of DocuSign by 30.3% during the 3rd quarter. Toronto Dominion Bank now owns 26,159 shares of the company’s stock worth $1,624,000 after purchasing an additional 6,081 shares in the last quarter. Inspire Investing LLC bought a new stake in DocuSign during the third quarter worth $911,000. Charles Schwab Investment Management Inc. raised its position in DocuSign by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company’s stock worth $82,478,000 after acquiring an additional 16,014 shares in the last quarter. International Assets Investment Management LLC lifted its stake in DocuSign by 5,660.8% in the third quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock valued at $27,252,000 after acquiring an additional 431,295 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of DocuSign by 39.5% in the 3rd quarter. Quantinno Capital Management LP now owns 201,546 shares of the company’s stock valued at $12,514,000 after acquiring an additional 57,104 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

About DocuSign

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.