Key Points
- Director Peter Solvik sold 46,000 DocuSign shares for approximately $3.0 million at an average price of $65.24, reducing his ownership by 48.14% to 49,558 shares.
- DocuSign exceeded quarterly expectations, reporting $1.16 in EPS versus the $1.09 consensus and $875.75 million in revenue versus $867.22 million expected. Revenue increased 9.4% year over year.
- Despite the earnings beat, analysts maintain a consensus “Hold” rating, with an average price target of $67.33; DOCU recently traded near $65.65.
Docusign Inc. (NASDAQ:DOCU - Get Free Report) Director Teresa Briggs sold 548 shares of Docusign stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $64.60, for a total transaction of $35,400.80. Following the completion of the transaction, the director directly owned 10,811 shares of the company's stock, valued at $698,390.60. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Docusign Stock Down 0.2%
NASDAQ:DOCU opened at $65.65 on Friday. The company's 50 day moving average price is $57.75 and its 200-day moving average price is $50.61. Docusign Inc. has a 52 week low of $40.16 and a 52 week high of $86.65. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 2.48 and a beta of 0.90.
Docusign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.07. Docusign had a net margin of 9.82% and a return on equity of 18.29%. The company had revenue of $875.75 million during the quarter, compared to the consensus estimate of $867.22 million. During the same quarter last year, the firm earned $0.30 earnings per share. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Docusign Inc. will post 2.1 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Modus Advisors LLC bought a new position in shares of Docusign during the 4th quarter valued at about $27,000. Cary Street Partners Investment Advisory LLC increased its stake in Docusign by 309.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company's stock worth $38,000 after acquiring an additional 424 shares during the last quarter. Basepoint Wealth LLC bought a new position in shares of Docusign during the 4th quarter valued at approximately $39,000. WealthCollab LLC increased its position in Docusign by 372.4% during the first quarter. WealthCollab LLC now owns 855 shares of the company's stock valued at $41,000 after acquiring an additional 674 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Docusign during the 2nd quarter worth about $47,000. 77.64% of the stock is owned by hedge funds and other institutional investors.
Key Docusign News
Here are the key news stories impacting Docusign this week:
- Positive Sentiment: Docusign reported quarterly earnings and revenue above analyst estimates, while revenue grew 9.4% year over year. Management also highlighted margin gains, stronger cash flow and continued IAM adoption. Docusign Declines After Beating Q2 Earnings and Revenue Estimates
- Positive Sentiment: The IAM platform now represents 15.1% of annual recurring revenue, suggesting Docusign is using AI to expand beyond traditional electronic signatures and potentially increase customer value. Docusign Q2 2027 Earnings Call Transcript
- Positive Sentiment: Docusign and Stephen Curry’s UNDERRATED Golf announced a “Where Deals Get Done” partnership. The marketing agreement may support brand visibility, although its direct financial impact was not disclosed. Stephen Curry's UNDERRATED Golf and Docusign Partnership
- Neutral Sentiment: Reported short interest was zero shares, indicating little evidence of an active short-selling position or near-term short-squeeze potential.
- Negative Sentiment: DOCU declined despite the earnings and revenue beat, suggesting investors may have already priced in the strong results or remain cautious about the pace of IAM adoption and future growth. Docusign Declines After Earnings Beat
- Negative Sentiment: Director Peter Solvik sold 46,000 shares worth approximately $3.0 million, reducing his holdings by 48.14%. Director Teresa Briggs also sold shares, though her transaction was executed under a pre-arranged Rule 10b5-1 plan. These sales can weigh on sentiment, even though they do not necessarily signal deteriorating fundamentals.
Analysts Set New Price Targets
DOCU has been the subject of a number of recent analyst reports. BTIG Research boosted their target price on Docusign from $60.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Citizens Jmp reaffirmed a "market outperform" rating and set a $86.00 price target on shares of Docusign in a report on Friday, September 4th. Wall Street Zen lowered shares of Docusign from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 2nd. Needham & Company LLC reissued a "hold" rating on shares of Docusign in a report on Friday, September 4th. Finally, Wedbush decreased their price objective on shares of Docusign from $60.00 to $58.00 and set a "neutral" rating for the company in a report on Friday, June 5th. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $67.33.
Check Out Our Latest Analysis on DOCU
About Docusign
(
Get Free Report)
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.
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