DocuSign Inc (DOCU): Street Finally Waking Up

Currently, there are 201.90M common shares owned by the public and among those 201.86M shares have been available to trade.

Insiders at the company have transacted a total of 80 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 51 of these insider trades were purchases, accounting for 1,322,675 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 1,273,801 shares.

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However, the script later moved the day high at 57.99, down -8.45%. The company’s stock has a 5-day price change of -16.01% and 33.43% over the past three months. DOCU shares are trading -10.50% year to date (YTD), with the 12-month market performance down to -21.55% lower. It has a 12-month low price of $38.11 and touched a high of $69.45 over the same period. DOCU has an average intraday trading volume of 4.72 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.12%, -4.62%, and 6.14% respectively.

Institutional ownership of DocuSign Inc (NASDAQ: DOCU) shares accounts for 75.27% of the company’s 201.90M shares outstanding.

It has a market capitalization of $10.85B and a beta (3y monthly) value of 0.91. The stock’s trailing 12-month PE ratio is 213.10, while the earnings-per-share (ttm) stands at $0.25. The company has a PEG of 10.65 and a Quick Ratio of 0.93 with the debt-to-equity ratio at 0.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.28% over the week and 4.15% over the month.

Analysts forecast that DocuSign Inc (DOCU) will achieve an EPS of $DigitalOcean Holdings, Inc. for the current quarter, $34.37 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Doximity, Inc. while analysts give the company a high EPS estimate of $Physicians Realty Trust. Comparatively, EPS for the current quarter was $DouYu International Holdings Li a year ago. Earnings per share for the fiscal year are expected to increase by 41.21%, and 0.45% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to -7.59% over the past 5-year period.

Looking at the support for the DOCU, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on January 16, 2024, with the firm’s price target at $49-$64.

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