On September 18, 2024, Robert Chatwani, President General Manager, Growth at DocuSign Inc (DOCU, Financial), executed a sale of 14,799 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this transaction, the insider now directly owns 70,748 shares in the company.
DocuSign Inc (DOCU, Financial) specializes in electronic agreement services, providing e-signature solutions that enable businesses and individuals to digitally prepare, sign, act on, and manage agreements.
Over the past year, Robert Chatwani has sold a total of 29,598 shares of DocuSign Inc and has not made any purchases of the stock. This recent sale continues a trend observed over the past year, where there have been no insider buys and 34 insider sells.
Shares of DocuSign Inc were trading at $55.46 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 $55.46, the stock has a price-to-GF-Value ratio of 0.89, indicating that it is Fairly Valued.
The GF Value is determined by considering historical trading 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 past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors and evaluating the valuation metrics of DocuSign Inc as it provides insights into both the actions of significant insiders and the company's current valuation relative to its GF Value.
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.
