Aspen Investment Management Inc Has $301,000 Stock Position in Docusign Inc. $DOCU

Key Points

• Aspen Investment Management Inc has reduced its stake in Docusign Inc by 72.4%, now holding 3,698 shares valued at $301,000 after selling 9,677 shares in the first quarter.
• Docusign's CEO Allan C. Thygesen sold 40,000 shares for approximately $3.1 million, resulting in a 21.74% decrease in his ownership, while other insiders also sold a total of 78,552 shares worth nearly $6 million in recent months.
• Docusign announced a $1 billion share repurchase program, indicating management's belief that the stock is undervalued, and has a target price consensus of $94.14 according to recent analyst ratings.

Aspen Investment Management Inc decreased its holdings in Docusign Inc. (NASDAQ:DOCU - Free Report) by 72.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,698 shares of the company's stock after selling 9,677 shares during the quarter. Aspen Investment Management Inc's holdings in Docusign were worth $301,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DOCU. Wellington Management Group LLP grew its holdings in shares of Docusign by 372.5% in the 1st quarter. Wellington Management Group LLP now owns 1,826,949 shares of the company's stock worth $148,714,000 after purchasing an additional 1,440,269 shares during the last quarter. Duquesne Family Office LLC bought a new stake in shares of Docusign in the 1st quarter worth about $87,477,000. Pacer Advisors Inc. grew its holdings in shares of Docusign by 809.6% in the 1st quarter. Pacer Advisors Inc. now owns 1,167,290 shares of the company's stock worth $95,017,000 after purchasing an additional 1,038,962 shares during the last quarter. Nuveen LLC bought a new stake in shares of Docusign in the 1st quarter worth about $50,459,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Docusign by 251.0% in the 1st quarter. Victory Capital Management Inc. now owns 734,588 shares of the company's stock worth $59,795,000 after purchasing an additional 525,294 shares during the last quarter. Institutional investors own 77.64% of the company's stock.

Docusign Trading Up 1.6%

Shares of NASDAQ:DOCU traded up $1.30 during mid-day trading on Monday, reaching $81.49. The stock had a trading volume of 1,292,343 shares, compared to its average volume of 2,670,842. The firm has a market cap of $16.39 billion, a PE ratio of 61.31, a price-to-earnings-growth ratio of 4.20 and a beta of 1.02. The firm has a 50 day simple moving average of $75.74 and a two-hundred day simple moving average of $79.22. Docusign Inc. has a twelve month low of $55.14 and a twelve month high of $107.86.

Docusign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. The business 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%. Docusign's revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts anticipate that Docusign Inc. will post 1.17 EPS for the current fiscal year.

Docusign declared that its board has approved a share buyback program on Thursday, June 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at Docusign

In other news, insider Robert Chatwani sold 983 shares of Docusign stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $79.39, for a total value of $78,040.37. Following the sale, the insider directly owned 71,143 shares in the company, valued at $5,648,042.77. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Blake Jeffrey Grayson sold 15,143 shares of Docusign stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $74.80, for a total transaction of $1,132,696.40. Following the completion of the sale, the chief financial officer owned 110,723 shares in the company, valued at $8,282,080.40. This trade represents a 12.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,365 shares of company stock valued at $6,050,856. Corporate insiders own 1.66% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Docusign from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, September 5th. Wall Street Zen raised shares of Docusign from a "hold" rating to a "buy" rating in a report on Saturday. JMP Securities reissued a "market outperform" rating and set a $124.00 price objective on shares of Docusign in a report on Friday, September 5th. Wedbush decreased their price objective 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. Finally, UBS Group set a $95.00 price objective on shares of Docusign in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $94.14.

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.