Docusign Inc (NASDAQ:DOCU) saw some unusual options trading on Thursday. Traders purchased 15,428 call options on the company. This represents an increase of 856% compared to the average volume of 1,613 call options.

In other news, CRO Loren Alhadeff sold 12,000 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $54.35, for a total transaction of $652,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Reginald D. Davis sold 235,655 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $50.13, for a total value of $11,813,385.15. The disclosure for this sale can be found here. Insiders sold 814,317 shares of company stock worth $39,150,912 over the last quarter.

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new stake in shares of Docusign in the second quarter worth $836,000. California Public Employees Retirement System acquired a new stake in shares of Docusign in the second quarter worth $263,000. Northern Trust Corp acquired a new stake in shares of Docusign in the second quarter worth $8,231,000. Bank of Montreal Can increased its stake in shares of Docusign by 410.0% in the third quarter. Bank of Montreal Can now owns 13,969 shares of the company’s stock worth $735,000 after acquiring an additional 11,230 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Docusign by 46.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 7,894 shares of the company’s stock worth $415,000 after acquiring an additional 2,494 shares during the period. 54.41% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on DOCU shares. Morgan Stanley raised Docusign from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $52.00 to $53.00 in a report on Tuesday, January 15th. Deutsche Bank raised Docusign from a “hold” rating to a “buy” rating and raised their price target for the company from $50.00 to $65.00 in a report on Tuesday, February 12th. KeyCorp started coverage on Docusign in a report on Monday, January 28th. They set an “overweight” rating and a $59.00 price target on the stock. Zacks Investment Research raised Docusign from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Goldman Sachs Group started coverage on Docusign in a report on Thursday, December 13th. They set a “neutral” rating and a $45.00 price target on the stock. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Docusign has an average rating of “Buy” and a consensus price target of $60.58.

NASDAQ:DOCU opened at $58.85 on Friday. Docusign has a 52-week low of $35.06 and a 52-week high of $68.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.91 and a quick ratio of 2.91.

Docusign (NASDAQ:DOCU) last released its earnings results on Thursday, March 14th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.29. The firm had revenue of $199.73 million for the quarter, compared to analyst estimates of $193.63 million. The firm’s quarterly revenue was up 34.2% compared to the same quarter last year. On average, research analysts expect that Docusign will post -2.5 earnings per share for the current fiscal year.

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About Docusign

DocuSign, Inc provides cloud based transaction products and services in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals.

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