DocuSign Inc (NASDAQ: DOCU) is 38.72% higher on its value in year-to-date trading and has touched a low of $40.64 and a high of $81.57 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DOCU stock was last observed hovering at around $81.22 in the last trading session, with the day’s gains setting it 1.25%.
Currently trading at $82.47, the stock is 13.26% and 25.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.81 million and changing 1.54% at the moment leaves the stock 41.84% off its SMA200. DOCU registered 101.24% gain for a year compared to 6-month gain of 38.07%. The firm has a 50-day simple moving average (SMA 50) of $65.2034 and a 200-day simple moving average (SMA200) of $58.045376.
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The stock witnessed a 19.76% loss in the last 1 month and extending the period to 3 months gives it a 48.35%, and is 14.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.22% over the week and 2.65% over the month.
DocuSign Inc (DOCU) has around 6840 employees, a market worth around $16.74B and $2.86B in sales. Current P/E ratio is 17.39 and Fwd P/E is 22.26. Profit margin for the company is 34.56%. Distance from 52-week low is 102.93% and 1.10% from its 52-week high. The company has generated returns on investments over the last 12 months (47.56%).
with sales reaching $745.26M over the same period.The EPS is expected to grow by 16.96% this year, but quarterly earnings will post 6.70% year-over-year.
DocuSign Inc (DOCU) Top Institutional Holders
979.0 institutions hold shares in DocuSign Inc (DOCU), with institutional investors hold 82.59% of the company’s shares. The shares outstanding are 205.33M, and float is at 200.94M with Short Float at 7.14%. Institutions hold 81.76% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 21.59 million shares valued at $1.16 billion. The investor’s holdings represent 10.4896% of the DOCU Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.59 million shares valued at $780.63 million to account for 7.0876 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.25 million shares representing 2.5512% and valued at over $280.99 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 2.3056 of the shares totaling 4.75 million with a market value of $253.94 million.
DocuSign Inc (DOCU) Insider Activity
The most recent transaction is an insider sale by Thygesen Allan C., the company’s President and CEO. SEC filings show that Thygesen Allan C. sold 7,764 shares of the company’s common stock on Nov 01 ’24 at a price of $69.95 per share for a total of $0.54 million. Following the sale, the insider now owns 0.11 million shares.
Still, SEC filings show that on Oct 15 ’24, GRAYSON BLAKE JEFFREY (Chief Financial Officer) disposed off 9,552 shares at an average price of $68.80 for $0.66 million. The insider now directly holds 78,265 shares of DocuSign Inc (DOCU).
