Robert Chatwani, President and General Manager of Growth at DocuSign Inc . (NASDAQ:DOCU), recently sold 14,800 shares of the company’s common stock. The transaction, which took place on December 18, was executed under a Rule 10b5-1 trading plan. The shares were sold at prices ranging from $97.51 to $98.10, totaling approximately $1.45 million. Following the sale, Chatwani retains ownership of 73,414 shares in the company. According to InvestingPro analysis, DocuSign maintains a "GREAT" financial health score, with 17 additional key insights available to subscribers through their comprehensive Pro Research Report.
In other recent news, Atlassian (NASDAQ:TEAM) Corporation and Docusign Inc. have been making significant strides in their business operations. Atlassian reported a strong start to fiscal year 2025 with a 31% surge in cloud revenue, surpassing the expected 27%, primarily driven by the successful integration of AI capabilities across its cloud platform. Macquarie initiated coverage on Atlassian with a Neutral rating, citing a balance of upside and downside risks influencing the company's outlook.
On the other hand, Docusign Inc. has been the focus of several analyst upgrades following a strong quarterly performance. The company reported a significant billings increase of 9% and gross profit margins of 80.25%. UBS raised Docusign's price target to $100 while maintaining a neutral rating, in response to the company's significant billings increase and gross profit margins.
Piper Sandler hosted an Infrastructure Software (ETR:SOWGn) Bus Tour, visiting 13 technology companies, including Atlassian and Docusign. Post-meeting reactions indicated heightened investor interest in these companies. These are recent developments and investors should keep an eye on the companies' performance and the macroeconomic environment.
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