Engineers Gate Manager LP Sells 171,434 Shares of Docusign Inc. $DOCU

Engineers Gate Manager LP decreased its position in Docusign Inc. (NASDAQ:DOCU) by 38.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 269,860 shares of the company’s stock after selling 171,434 shares during the period. Engineers Gate Manager LP’s holdings in Docusign were worth $11,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Modus Advisors LLC bought a new stake in Docusign in the 4th quarter valued at about $27,000. Cary Street Partners Investment Advisory LLC increased its stake in Docusign by 309.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company’s stock valued at $38,000 after acquiring an additional 424 shares during the last quarter. Basepoint Wealth LLC acquired a new stake in shares of Docusign in the 4th quarter valued at $39,000. WealthCollab LLC lifted its position in shares of Docusign by 372.4% during the 1st quarter. WealthCollab LLC now owns 855 shares of the company’s stock worth $41,000 after buying an additional 674 shares during the last quarter. Finally, Virtus Advisers LLC bought a new position in shares of Docusign in the second quarter worth about $47,000. Institutional investors own 77.64% of the company’s stock.

Docusign Stock Up 2.1%

DOCU stock opened at $65.80 on Friday. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 2.44 and a beta of 0.90. Docusign Inc. has a 12-month low of $40.16 and a 12-month high of $86.65. The company’s fifty day simple moving average is $57.35 and its 200 day simple moving average is $50.50.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. Docusign had a return on equity of 18.29% and a net margin of 9.82%.The firm had revenue of $875.75 million during the quarter, compared to the consensus estimate of $867.22 million. During the same period last year, the business posted $0.30 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. Research analysts expect that Docusign Inc. will post 2.09 earnings per share for the current year.

Key Headlines Impacting Docusign

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Docusign announced a “Where Deals Get Done” partnership with Stephen Curry’s UNDERRATED Golf, potentially strengthening brand visibility and customer engagement. Stephen Curry’s UNDERRATED Golf and Docusign Partnership
• Positive Sentiment: Management highlighted continued artificial-intelligence adoption and said the Intelligent Agreement Management platform now represents 15.1% of annual recurring revenue. Strong enterprise adoption and expanding platform usage support the longer-term growth case. Docusign Q2 2027 Earnings Call Transcript
• Positive Sentiment: Docusign’s latest quarterly results exceeded expectations, with earnings per share of $1.16 versus a $1.09 consensus estimate and revenue of $875.75 million versus $867.22 million expected. Revenue grew 9.4% year over year, while margin improvement and stronger cash flow also supported the investment narrative. Docusign Earnings Results

Analysts Set New Price Targets

A number of brokerages have recently commented on DOCU. Weiss Ratings raised Docusign from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Wells Fargo & Company increased their price objective on Docusign from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, September 4th. Bank of America raised their target price on Docusign from $58.00 to $64.00 and gave the stock an “underperform” rating in a research report on Friday, September 4th. Citizens Jmp reiterated a “market outperform” rating and issued a $86.00 price target on shares of Docusign in a research report on Friday, September 4th. Finally, Piper Sandler upped their price target on Docusign from $52.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $67.33.

Insider Buying and Selling at Docusign

In other Docusign news, CEO Allan Thygesen sold 26,250 shares of Docusign stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $46.02, for a total value of $1,208,025.00. Following the completion of the sale, the chief executive officer directly owned 159,038 shares in the company, valued at approximately $7,318,928.76. The trade was a 14.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Blake Grayson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $65.57, for a total value of $983,550.00. Following the transaction, the chief financial officer owned 81,429 shares in the company, valued at $5,339,299.53. The trade was a 15.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 135,602 shares of company stock valued at $7,407,299 over the last ninety days. Insiders own 0.59% of the company’s stock.

About Docusign

DocuSign, Inc is a provider of digital agreement management and electronic signature solutions. Its platform enables individuals and organizations to prepare, send, sign, manage and store agreements electronically, helping businesses replace paper-based contracting processes with digital workflows.

The company’s products and services include DocuSign eSignature, which supports electronic signing and authentication, as well as tools for contract lifecycle management, agreement preparation, identity verification, notarial services and workflow automation.