Docusign Inc. (NASDAQ:DOCU – Get Free Report) Director Anna Marrs sold 363 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $49.42, for a total value of $17,939.46. Following the completion of the sale, the director owned 12,977 shares in the company, valued at approximately $641,323.34. The trade was a 2.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Anna Marrs also recently made the following trade(s):
- On Tuesday, June 2nd, Anna Marrs sold 365 shares of Docusign stock. The shares were sold at an average price of $55.04, for a total value of $20,089.60.
Docusign Price Performance
Shares of NASDAQ DOCU traded down $3.68 during mid-day trading on Friday, hitting $47.26. The company had a trading volume of 8,706,856 shares, compared to its average volume of 4,398,633. The company has a market capitalization of $9.18 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 2.00 and a beta of 0.92. Docusign Inc. has a 1-year low of $40.16 and a 1-year high of $86.65. The business’s 50-day simple moving average is $47.76 and its 200 day simple moving average is $54.16.
Docusign announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 21% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
Analysts Set New Price Targets
A number of research firms have weighed in on DOCU. Bank of America began coverage on Docusign in a research note on Tuesday, March 31st. They issued an “underperform” rating and a $52.00 price target on the stock. Citizens Jmp cut their price target on Docusign from $124.00 to $86.00 and set a “market outperform” rating on the stock in a research note on Wednesday, March 18th. Piper Sandler cut their price target on Docusign from $75.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Royal Bank Of Canada cut their price target on Docusign from $70.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 18th. Finally, Wedbush cut their price target on Docusign from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Docusign has an average rating of “Hold” and a consensus target price of $60.27.
Check Out Our Latest Stock Analysis on DOCU
Hedge Funds Weigh In On Docusign
Several hedge funds have recently made changes to their positions in DOCU. NewEdge Advisors LLC grew its holdings in shares of Docusign by 36.4% during the first quarter. NewEdge Advisors LLC now owns 9,202 shares of the company’s stock worth $749,000 after purchasing an additional 2,457 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Docusign by 6.7% during the second quarter. Guggenheim Capital LLC now owns 11,543 shares of the company’s stock worth $899,000 after purchasing an additional 729 shares during the last quarter. State Street Corp grew its holdings in shares of Docusign by 3.0% during the second quarter. State Street Corp now owns 8,074,976 shares of the company’s stock worth $628,960,000 after purchasing an additional 236,494 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Docusign by 60.7% during the second quarter. Sei Investments Co. now owns 40,386 shares of the company’s stock worth $3,146,000 after purchasing an additional 15,247 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Docusign by 51.0% during the second quarter. Treasurer of the State of North Carolina now owns 189,178 shares of the company’s stock worth $14,735,000 after purchasing an additional 63,911 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.
Docusign News Summary
Here are the key news stories impacting Docusign this week:
- Positive Sentiment: DocuSign beat first-quarter expectations, posting adjusted EPS of $1.09 versus $1.00 expected and revenue of $830.2 million versus $823.2 million estimated, with sales up 8.7% year over year. DocuSign Beats Fiscal Q1 Estimates, but IAM Traction Remains in Focus, RBC Says
- Positive Sentiment: The company said adoption of its AI-powered Intelligent Agreement Management platform is improving, and it raised full-year revenue guidance slightly, indicating demand remains healthy. DocuSign Nudges Revenue Outlook Higher After First-Quarter Profit Rises
- Neutral Sentiment: Analyst commentary remains mixed, with Wedbush lowering its price target to $58 from $60 while keeping a neutral rating, and BTIG cutting its target to $60 from $70 but maintaining a buy rating.
- Neutral Sentiment: DocuSign also highlighted AI integrations, including ChatGPT and Codex, and continued share repurchases, which support the long-term story but were not enough to offset near-term guidance concerns. Docusign Inc (DOCU) Q1 2027 Earnings Call Highlights
- Negative Sentiment: Shares moved lower because the full-year outlook did not meaningfully exceed Wall Street expectations, dampening enthusiasm despite the earnings beat and prompting a “sell-the-news” reaction. DocuSign shares fall despite Q1 beat as guidance disappoints investors
- Negative Sentiment: Investors also appear to be focusing on whether DocuSign can accelerate growth beyond the low-double-digit range, as recent reports say the outlook “left investors looking for stronger signs of accelerating growth.” DocuSign stock falls as cautious outlook overshadows earnings beat
Docusign Company Profile
DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.
DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.
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