After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that DocuSign Announces Third Quarter Fiscal 2024 Financial Results.
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Stocks Info
DOCU belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $62.65 and fluctuated between $63.60 as its day high and $61.80 as its day low. The current market capitalization of DocuSign Inc is $12.78B. A total of 4.31 million shares were traded on the day, compared to an average of 4.42M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, DOCU has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 51 BUYs and 42 SELLs from insiders. Insiders purchased 1,322,675 shares during that period but sold 1,714,827.
In the most recent transaction, Thygesen Allan C. sold 7,420 shares of DOCU for 58.19 per share on Jan 02. After the transaction, the President and CEO now owns 119,447 company shares. In a previous transaction on Dec 19, Thygesen Allan C. sold 92,750 shares at 61.31 per share. DOCU shares that President and CEO owns now total 126,867.
Among the insiders who sold shares, Shute Stephen disposed of 13,606 shares on Dec 19 at a per-share price of $61.30. This resulted in the President, Field Operations holding 5,480 shares of DOCU after the transaction. In another insider transaction, GRAYSON BLAKE JEFFREY sold 7,018 shares at $61.29 per share on Dec 19. Company shares held by the Chief Financial Officer now total 14,034.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for DOCU in the last 3 months, the mean price target is $60.77 with high estimates of $90.00 and low estimates of $44.00. In terms of 52-week highs and lows, DOCU has a high of $69.45 and a low of $38.11.
As of this writing, DOCU has an earnings estimate of $DigitalOcean Holdings, Inc. per share for the current quarter. EPS was calculated based on a consensus of DocuSign, Inc. estimates, with a high estimate of $Physicians Realty Trust per share and a lower estimate of $Doximity, Inc.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. DOCU’s latest balance sheet shows that the firm has $802.82M in Cash & Short Term Investments as of fiscal 2022. There were $882.23M in debt and $1.37B in liabilities at the time. Its Book Value Per Share was $4.73, while its Total Shareholder’s Equity was $275.50M.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DOCU is Buy with a score of 2.94.
