DocuSign Inc President and CEO Allan Thygesen Sells 7,680 Shares
Allan Thygesen, President and CEO of DocuSign Inc (NASDAQ:DOCU), executed a sale of 7,680 shares in the company on February 1, 2024, according to a recent SEC Filing. The transaction was carried out at an average price of $61.27 per share, resulting in a total value of $470,553.60.
DocuSign Inc provides e-signature solutions that enable businesses to digitally prepare, execute, and act on agreements. The platform automates manual, paper-based processes allowing users to complete transactions more quickly and accurately while lowering costs.
Over the past year, the insider has sold a total of 107,850 shares of DocuSign Inc and has not made any purchases. The recent sale by the insider is part of a trend observed over the last year, where there have been no insider buys and 14 insider sells.
On the valuation front, DocuSign Inc's shares were trading at $61.27 on the day of the insider's sale, giving the company a market capitalization of $11.85 billion. The price-earnings ratio stands at 228.82, which is above both the industry median of 26.61 and the company's historical median.
The stock's price-to-GF-Value ratio is 0.72, with a GF Value of $85.09, indicating that DocuSign Inc is significantly undervalued according to GuruFocus's intrinsic value estimate. The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
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.
This article first appeared on GuruFocus.
