On October 1, 2024, Allan Thygesen, President and Chief Executive Officer of DocuSign Inc (DOCU, Financial), sold 7,648 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 115,589 shares of DocuSign Inc.
DocuSign Inc provides electronic signature solutions that enable businesses to digitally prepare, execute, and act on agreements. The platform helps to automate manual, paper-based processes allowing users to complete transactions more quickly and securely while improving compliance.
Over the past year, Allan Thygesen has sold a total of 169,973 shares and has not made any purchases of the company's stock. This recent sale 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 trading at $62.47 on the day of the sale. The company has a market cap of approximately $12.783 billion. The price-earnings ratio of the company stands at 13.29, which is lower than the industry median of 26.55 and also below the company’s historical median.
According to the GF Value, the intrinsic value estimate for DocuSign Inc, which considers historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates, the stock is currently Fairly Valued with a price-to-GF-Value ratio of 1.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance and valuation alignment. The consistent pattern of insider sales over the past year could suggest various strategic financial management motives by the insiders.
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.
