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.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
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.