DocuSign (DOCU) Expected to Announce Earnings on Thursday

DocuSign (NASDAQ:DOCU) will likely be posting its quarterly earnings results after the market closes on Thursday, March 13th. Analysts expect DocuSign to post earnings of $0.84 per share and revenue of $760.94 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

DocuSign Stock Performance

DOCU opened at $82.36 on Thursday. DocuSign has a one year low of $48.70 and a one year high of $107.86. The stock’s fifty day moving average is $89.64 and its 200-day moving average is $78.28. The company has a market capitalization of $16.64 billion, a PE ratio of 16.98, a P/E/G ratio of 6.94 and a beta of 1.02.

Insider Activity at DocuSign

In related news, Director Daniel D. Springer sold 581,588 shares of DocuSign stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $97.04, for a total transaction of $56,437,299.52. Following the completion of the sale, the director now owns 906,430 shares of the company’s stock, valued at approximately $87,959,967.20. This trade represents a 39.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of DocuSign stock in a transaction on Friday, February 14th. The shares were sold at an average price of $86.90, for a total value of $695,200.00. Following the sale, the chief financial officer now directly owns 77,851 shares of the company’s stock, valued at approximately $6,765,251.90. The trade was a 9.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 686,010 shares of company stock valued at $66,102,694. Insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DOCU. Royal Bank of Canada restated a “sector perform” rating and issued a $90.00 target price (up from $57.00) on shares of DocuSign in a report on Friday, December 6th. UBS Group lifted their target price on DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on DocuSign from $50.00 to $70.00 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. JMP Securities restated a “market outperform” rating and issued a $124.00 target price on shares of DocuSign in a report on Tuesday, January 7th. Finally, Hsbc Global Res upgraded DocuSign to a “moderate sell” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, DocuSign has an average rating of “Hold” and a consensus target price of $92.45.

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.