The price of DocuSign Inc (NASDAQ:DOCU) shares last traded on Wall Street rose 1.67% to $42.01.
Based on available information, 25 analysts follow DocuSign Inc (NASDAQ:DOCU). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $87.00 and a low of $42.00, we find $59.00. Given the previous closing price of $41.32, this indicates a potential upside of 42.79 percent. DOCU stock price is now -13.71% away from the 50-day moving average and -22.27% away from the 200-day moving average. The market capitalization of the company currently stands at $8.54B.
Among analysts, 16 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $62.75 as their price target over the next twelve months.
With the price target maintained at $42, HSBC Securities recently Upgraded its rating from Reduce to Hold for DocuSign Inc (NASDAQ: DOCU).
In other news, Shute Stephen, President, Field Operations sold 13,606 shares of the company’s stock on Sep 19. The stock was sold for $591,997 at an average price of $43.51. Upon completion of the transaction, the President, Field Operations now directly owns 2,740 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 07, Director Salem Enrique T sold 2,500 shares of the business’s stock. A total of $125,062 was realized by selling the stock at an average price of $50.02. This leaves the insider owning 156,140 shares of the company worth $6.56 million. Insiders disposed of 737,934 shares of company stock worth roughly $31.0 million over the past 1 year. A total of 1.26% 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 QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $61,854,000. TWINBEECH CAPITAL LP invested $18,343,000 in shares of DOCU during the first quarter. In the first quarter, THRIVENT FINANCIAL FOR LUTHERANS acquired a new stake in DocuSign Inc valued at approximately $8,945,000. MARSHALL WACE, LLP acquired a new stake in DOCU for approximately $8,761,000. AQUATIC CAPITAL MANAGEMENT LLC purchased a new stake in DOCU valued at around $5,881,000 in the second quarter. In total, there are 1,000 active investors with 79.06% ownership of the company’s stock.
A candlestick chart of DocuSign Inc (NASDAQ: DOCU) showed a price of $41.02 on Thursday morning. During the past 12 months, DocuSign Inc has had a low of $39.57 and a high of $69.45. As of last week, the company has a debt-to-equity ratio of 1.04, a current ratio of 0.88, and a quick ratio of 0.88. The fifty day moving average price for DOCU is $48.69 and a two-hundred day moving average price translates $54.04 for the stock.
The latest earnings results from DocuSign Inc (NASDAQ: DOCU) was released for Jul, 2023. According to the Software – Application Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.66 by 0.06. This compares to -$0.22 EPS in the same period last year. The net profit margin was -0.64% and return on equity was -2.72% for DOCU. The company reported revenue of $687.69 million for the quarter, compared to $622.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.53 percent. For the current quarter, analysts expect DOCU to generate $690.1M 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.
