DocuSign Inc’s recent filing unveils that its President and CEO Thygesen Allan C. unloaded Company’s shares for reported $0.54 million on Nov 01 ’24. In the deal valued at $69.95 per share,7,764 shares were sold. As a result of this transaction, Thygesen Allan C. now holds 107,825 shares worth roughly $8.56 million.
Then, ALLAN THYGESEN bought 7,764 shares, generating $543,117 in total proceeds.
Before that, GRAYSON BLAKE JEFFREY sold 9,552 shares. DocuSign Inc shares valued at $657,193 were divested by the Chief Financial Officer at a price of $68.80 per share. As a result of the transaction, GRAYSON BLAKE JEFFREY now holds 78,265 shares, worth roughly $6.21 million.
UBS upgraded its DocuSign Inc [DOCU] rating to a Neutral from a a Sell in a research note published on April 12, 2024; the price target was increased to $62 from $48. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid January from “an Underweight” to “an Equal-weight”. Wells Fargo also remained covering DOCU and has decreased its forecast on December 20, 2023 with a “an Underweight” recommendation from previously “an Equal weight” rating. Daiwa Securities revised its rating on December 15, 2023. It rated DOCU as “an Outperform” which previously was an “a Buy”.
Price Performance Review of DOCU
On Friday, DocuSign Inc [NASDAQ:DOCU] saw its stock jump 3.81% to $79.38. Over the last five days, the stock has gained 11.63%. DocuSign Inc shares have risen nearly 33.52% since the year began. Nevertheless, the stocks have risen 93.00% over the past one year. While a 52-week high of $76.94 was reached on 11/08/24, a 52-week low of $39.65 was recorded on 06/07/24. SMA at 50 days reached $64.76, while 200 days put it at $57.95.
Levels Of Support And Resistance For DOCU Stock
The 24-hour chart illustrates a support level at 77.41, which if violated will result in even more drops to 75.43. On the upside, there is a resistance level at 80.43. A further resistance level may holdings at 81.47. The Relative Strength Index (RSI) on the 14-day chart is 77.99, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.10%. Stochastics %K at 96.07% indicates the stock is a selling.
How much short interest is there in DocuSign Inc?
A steep rise in short interest was recorded in DocuSign Inc stocks on 2024-10-15, growing by 7.13 million shares to a total of 15.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.27 million shares. There was a rise of 46.3%, which implies that there is a positive sentiment for the stock.
