Stocks of DocuSign Inc. (NASDAQ:DOCU) traded higher last session on Wall Street, down -1.71% to $53.47.
As we calculate the median target price by taking the range between a high of $84.00 and a low of $48.00, we find $60.00. Given the previous closing price of $54.40, this indicates a potential upside of 10.29 percent. DOCU stock price is now -0.05% away from the 50-day moving average and -3.01% away from the 200-day moving average. The market capitalization of the company currently stands at $10.70B.
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Brokers who have rated the stock have averaged $64.93 as their price target over the next twelve months.
In other news, Briggs Teresa, Director sold 1,988 shares of the company’s stock on Mar 16. The stock was sold for $116,358 at an average price of $58.53. Upon completion of the transaction, the Director now directly owns 3,763 shares in the company, valued at $0.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 19, Director Springer Daniel D. sold 147,008 shares of the business’s stock. A total of $8,097,603 was realized by selling the stock at an average price of $55.08. This leaves the insider owning 1,225,714 shares of the company worth $65.54 million. Insiders disposed of 546,385 shares of company stock worth roughly $29.22 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DOCU stock. A new stake in DocuSign Inc. shares was purchased by WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $181,603,000. KCL CAPITAL, L.P. invested $12,031,000 in shares of DOCU during the first quarter. In the first quarter, BURNEY CO/ acquired a new stake in DocuSign Inc. valued at approximately $4,980,000. AXA S.A. acquired a new stake in DOCU for approximately $4,772,000. EMPOWERED FUNDS, LLC purchased a new stake in DOCU valued at around $3,502,000 in the second quarter. In total, there are 1,021 active investors with 78.60% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $53.43 for DocuSign Inc. (NASDAQ: DOCU). During the past 12 months, DocuSign Inc. has had a low of $39.57 and a high of $92.04. As of last week, the company has a debt-to-equity ratio of 1.17, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for DOCU is $53.45 and a two-hundred day moving average price translates $55.03 for the stock.
The latest earnings results from DocuSign Inc. (NASDAQ: DOCU) was released for Jan, 2023. According to the Software – Application Company, earnings per share came in at $0.65, beating analysts’ expectations of $0.52 by 0.13. This compares to -$0.15 EPS in the same period last year. The net profit margin was -3.90% and return on equity was -21.20% for DOCU. The company reported revenue of $659.58 million for the quarter, compared to $580.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.56 percent. For the current quarter, analysts expect DOCU to generate $641.8M in revenue.
DocuSign Inc.(DOCU) Company Profile
DocuSign, Inc. provides electronic signature solution in the United States and internationally. The company provides DocuSign 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; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce. It also provides Identify, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; and Monitor that uses advanced analytics to track DocuSign eSignature web, mobile, and API account. In addition, the company offers Rooms for Real Estate that provides a way for brokers and agents to manage the entire real estate transaction digitally; DocuSign Federal and DocuSign CLM are FedRAMP, an authorized version of DocuSign eSignature for U.S. federal government agencies; and life sciences modules that support compliance with the electronic signature practices. The company sells its products through direct and partner-assisted sales, and web-based self-service purchasing. The company was incorporated in 2003 and is headquartered in San Francisco, California.
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