The stock of DocuSign Inc (NASDAQ:DOCU) last traded at $54.60, up 1.98% from the previous session.
DOCU stock price is now -5.83% away from the 50-day moving average and 5.01% away from the 200-day moving average. The market capitalization of the company currently stands at $11.18B.
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With the price target enhanced from $48 to $62, UBS Upgraded its rating from Sell to Neutral for DocuSign Inc (NASDAQ: DOCU). On January 16, 2024, Morgan Stanley Upgraded its previous ‘Underweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $49 to quote $64, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, Thygesen Allan C., President and CEO sold 7,576 shares of the company’s stock on Jun 03 ’24. The stock was sold for $415,847 at an average price of $54.89. Upon completion of the transaction, the President and CEO now directly owns 91,970 shares in the company, valued at $5.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31 ’24, Director Briggs Teresa sold 499 shares of the business’s stock. A total of $27,405 was realized by selling the stock at an average price of $54.92. This leaves the insider owning 6,668 shares of the company worth $0.36 million. A total of 1.07% of the company’s stock is owned by insiders.
During the past 12 months, DocuSign Inc has had a low of $38.11 and a high of $64.76. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 0.92, and a quick ratio of 0.92. According to the stock market information, the enterprise value for the company is $10312273920, which is based on a 153.54 price-to-earnings ratio, a 7.68 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for DOCU is $57.9103 and a two-hundred day moving average price translates $52.0261 for the stock.
The latest earnings results from DocuSign Inc (NASDAQ: DOCU) was released for 2024-01-31. The net profit margin was 2.68% and return on equity was 8.47% for DOCU. The company reported revenue of $712.39 million for the quarter, compared to $659.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.01 percent.
