Anna Marrs Sells 728 Shares of Docusign (NASDAQ:DOCU) Stock

Key Points

• Docusign Director Anna Marrs sold 728 shares of stock for $58,458.40, reducing her ownership by 6.32% to approximately $867,159.70.
• The company reported $800.64 million in revenue for the last quarter, exceeding analyst estimates, while the earnings per share were $0.92, also surpassing expectations.
• Docusign has initiated a $1 billion share repurchase plan, suggesting management believes the stock is currently undervalued.

Docusign Inc. (NASDAQ:DOCU - Get Free Report) Director Anna Marrs sold 728 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $80.30, for a total transaction of $58,458.40. Following the sale, the director directly owned 10,799 shares of the company's stock, valued at approximately $867,159.70. This trade represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Docusign Stock Performance

Shares of DOCU traded down $0.42 during midday trading on Friday, hitting $84.59. 4,516,106 shares of the company traded hands, compared to its average volume of 3,404,911. The stock has a market cap of $17.01 billion, a price-to-earnings ratio of 63.60, a PEG ratio of 4.43 and a beta of 1.02. Docusign Inc. has a 52 week low of $57.58 and a 52 week high of $107.86. The firm has a 50 day moving average of $76.39 and a 200-day moving average of $79.28.

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

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

Analyst Ratings Changes

DOCU has been the topic of several research reports. Morgan Stanley boosted their price target on shares of Docusign from $86.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Monday, September 8th. JMP Securities reiterated a "market outperform" rating and issued a $124.00 price target on shares of Docusign in a research report on Friday, September 5th. Wall Street Zen upgraded Docusign from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Royal Bank Of Canada lifted their target price on Docusign from $90.00 to $95.00 and gave the stock a "sector perform" rating in a report on Friday, September 5th. Finally, Evercore ISI lifted their price objective on shares of Docusign from $90.00 to $92.00 and gave the stock an "in-line" rating in a research note 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 given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $94.14.

Institutional Trading of Docusign

A number of hedge funds have recently bought and sold shares of the stock. WT Wealth Management bought a new stake in Docusign during the 2nd quarter valued at $1,615,000. Centaurus Financial Inc. boosted its position in Docusign by 2.6% during the second quarter. Centaurus Financial Inc. now owns 5,398 shares of the company's stock valued at $420,000 after purchasing an additional 136 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in Docusign by 50.8% during the second quarter. Orion Porfolio Solutions LLC now owns 23,832 shares of the company's stock valued at $1,856,000 after purchasing an additional 8,031 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Docusign by 17.2% in the second quarter. Neuberger Berman Group LLC now owns 51,294 shares of the company's stock valued at $3,995,000 after purchasing an additional 7,511 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in Docusign in the second quarter worth about $210,000. Hedge funds and other institutional investors own 77.64% of the company's stock.

About Docusign

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.