Docusign (NASDAQ:DOCU) CFO Sells $462,800.00 in Stock

Key Points

• DocuSign CFO Blake Jeffrey Grayson sold 6,500 shares of the company for a total of $462,800 on October 1st, decreasing his ownership by 5.80% to 105,660 shares.
• DocuSign reported a quarterly EPS of $0.92, beating estimates, with revenues of $800.64 million, marking an 8.8% year-over-year increase.
• The company has initiated a $1 billion stock buyback plan, indicative of the board's belief that shares may be undervalued.

Docusign Inc. (NASDAQ:DOCU - Get Free Report) CFO Blake Jeffrey Grayson sold 6,500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $71.20, for a total transaction of $462,800.00. Following the completion of the transaction, the chief financial officer owned 105,660 shares in the company, valued at $7,522,992. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Blake Jeffrey Grayson also recently made the following trade(s):

• On Wednesday, September 17th, Blake Jeffrey Grayson sold 9,509 shares of Docusign stock. The shares were sold at an average price of $83.10, for a total transaction of $790,197.90.

Docusign Price Performance

Shares of DOCU stock traded down $0.87 on Thursday, hitting $68.10. 4,797,959 shares of the stock traded hands, compared to its average volume of 2,766,788. The firm has a market cap of $13.69 billion, a price-to-earnings ratio of 51.20, a PEG ratio of 3.58 and a beta of 1.02. Docusign Inc. has a 52 week low of $61.91 and a 52 week high of $107.86. The firm has a 50 day simple moving average of $76.62 and a two-hundred day simple moving average of $79.30.

Docusign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.84 by $0.08. The firm had revenue of $800.64 million for the quarter, compared to the consensus estimate of $780.35 million. Docusign had a net margin of 9.08% and a return on equity of 14.01%. The company's revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts forecast that Docusign Inc. will post 1.17 EPS for the current year.

Docusign announced that its Board of Directors has approved a stock buyback plan on Thursday, June 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 6.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Docusign

Institutional investors and hedge funds have recently made changes to their positions in the business. Hemington Wealth Management grew its stake in shares of Docusign by 318.1% in the 1st quarter. Hemington Wealth Management now owns 347 shares of the company's stock worth $28,000 after buying an additional 264 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of Docusign in the 1st quarter worth $26,000. Golden State Wealth Management LLC grew its stake in shares of Docusign by 519.4% in the 1st quarter. Golden State Wealth Management LLC now owns 384 shares of the company's stock worth $31,000 after buying an additional 322 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Docusign in the 1st quarter worth $34,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Docusign by 153.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 453 shares of the company's stock worth $37,000 after buying an additional 274 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Docusign from $86.00 to $90.00 and gave the company an "equal weight" rating in a research report on Monday, September 8th. Wedbush reduced their price target on shares of Docusign from $100.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, June 12th. Robert W. Baird lifted their price target on shares of Docusign from $85.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, September 5th. Piper Sandler lifted their price target on shares of Docusign from $85.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, September 5th. Finally, Evercore ISI lifted their price target on shares of Docusign from $90.00 to $92.00 and gave the company an "in-line" rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $94.14.

Docusign Company Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.

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