Scott V. Olrich Sells 12,500 Shares of DocuSign, Inc. (NASDAQ:DOCU) Stock

DocuSign, Inc. (NASDAQ:DOCU) COO Scott V. Olrich sold 12,500 shares of the stock in a transaction on Tuesday, January 11th. The stock was sold at an average price of $142.32, for a total transaction of $1,779,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

DOCU opened at $130.44 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 3.00. The company has a market cap of $25.81 billion, a price-to-earnings ratio of -224.90, a PEG ratio of 40.59 and a beta of 0.82. DocuSign, Inc. has a 52-week low of $126.91 and a 52-week high of $314.76. The firm’s fifty day simple moving average is $190.69 and its two-hundred day simple moving average is $251.05.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, December 2nd. The company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.12. The firm had revenue of $545.46 million for the quarter, compared to the consensus estimate of $531.25 million. DocuSign had a negative net margin of 5.72% and a negative return on equity of 9.12%. The company’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period last year, the firm posted ($0.21) earnings per share. On average, research analysts forecast that DocuSign, Inc. will post 0.07 EPS for the current year.

Large investors have recently bought and sold shares of the company. Wagner Wealth Management LLC purchased a new position in shares of DocuSign in the third quarter worth about $27,000. Winch Advisory Services LLC purchased a new position in shares of DocuSign in the third quarter worth about $26,000. Focused Wealth Management Inc purchased a new position in shares of DocuSign in the third quarter worth about $27,000. BerganKDV Wealth Management LLC lifted its stake in shares of DocuSign by 555.6% in the second quarter. BerganKDV Wealth Management LLC now owns 118 shares of the company’s stock worth $33,000 after buying an additional 100 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of DocuSign by 183.3% in the third quarter. Parkside Financial Bank & Trust now owns 119 shares of the company’s stock worth $31,000 after buying an additional 77 shares in the last quarter. 76.08% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the stock. Wedbush lowered shares of DocuSign from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $340.00 to $200.00 in a research note on Friday, December 3rd. Wells Fargo & Company cut their price objective on shares of DocuSign from $275.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, December 3rd. Needham & Company LLC downgraded shares of DocuSign from a “buy” rating to a “hold” rating in a report on Friday, December 3rd. Wolfe Research downgraded shares of DocuSign from an “outperform” rating to a “market perform” rating in a report on Monday, December 6th. Finally, Robert W. Baird lowered their price target on shares of DocuSign from $330.00 to $220.00 and set an “outperform” rating on the stock in a report on Friday, December 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DocuSign presently has an average rating of “Hold” and a consensus target price of $249.72.

About DocuSign

DocuSign, Inc provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage.

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