On September 18, 2024, Blake Grayson, Chief Financial Officer of DocuSign Inc (DOCU, Financial), executed a sale of 14,036 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 87,611 shares of DocuSign Inc.
DocuSign Inc provides electronic signature solutions, offering e-signature technology that facilitates exchanges of contracts and signed documents. The company's technology reduces transaction times, increases security, and provides a platform that can integrate with other systems.
Over the past year, Blake Grayson has sold a total of 84,213 shares and has not made any purchases. The recent sale on September 18 is part of a broader trend observed within the company, where there have been 34 insider sells and no insider buys over the past year.
Shares of DocuSign Inc were priced at $55.47 on the day of the sale. The company has a market cap of approximately $11.50 billion. The price-earnings ratio of the stock stands at 11.95, which is lower than the industry median of 25.9 and also below the company's historical median.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, DocuSign Inc has a GF Value of $62.17. With the current price of $55.47, the price-to-GF-Value ratio is 0.89, indicating that the stock is Fairly Valued.
The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider may be of interest to current and potential investors, providing insight into the insider's perspective on the stock's valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
