BI Asset Management Fondsmaeglerselskab A S Acquires 48,524 Shares of Docusign Inc. $DOCU

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its holdings in Docusign Inc. by 234.7%, now owning 69,203 shares valued at approximately $5.63 million.
• Docusign's CEO, Allan C. Thygesen, sold 40,000 shares at an average price of $77.51, marking a 21.74% decrease in his ownership, while insiders sold a total of 78,552 shares worth about $5.98 million last quarter.
• The company recently initiated a $1 billion share buyback program, indicating that the board believes its shares are undervalued amid a current stock market cap of $14.36 billion.

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 234.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,203 shares of the company's stock after buying an additional 48,524 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Docusign were worth $5,633,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in Docusign by 3.1% during the first quarter. American Century Companies Inc. now owns 5,477,758 shares of the company's stock valued at $445,890,000 after purchasing an additional 162,299 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its holdings in Docusign by 34.0% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 4,754,753 shares of the company's stock valued at $427,642,000 after purchasing an additional 1,205,500 shares in the last quarter. Northern Trust Corp boosted its holdings in Docusign by 77.2% during the fourth quarter. Northern Trust Corp now owns 1,984,378 shares of the company's stock valued at $178,475,000 after purchasing an additional 864,408 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Docusign by 372.5% in the first quarter. Wellington Management Group LLP now owns 1,826,949 shares of the company's stock valued at $148,714,000 after acquiring an additional 1,440,269 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Docusign by 3.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,709,807 shares of the company's stock valued at $153,780,000 after acquiring an additional 50,440 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Docusign Trading Down 1.6%

Shares of DOCU stock traded down $1.20 on Tuesday, hitting $72.74. The stock had a trading volume of 400,649 shares, compared to its average volume of 2,562,909. Docusign Inc. has a twelve month low of $54.31 and a twelve month high of $107.86. The firm has a market cap of $14.70 billion, a P/E ratio of 13.74, a PEG ratio of 27.92 and a beta of 1.01. The company has a fifty day moving average price of $75.43 and a two-hundred day moving average price of $80.06.

Docusign (NASDAQ:DOCU - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.09. Docusign had a net margin of 36.50% and a return on equity of 14.27%. The company had revenue of $763.65 million during the quarter, compared to analyst estimates of $748.79 million. During the same quarter in the previous year, the business earned $0.82 EPS. The firm's revenue was up 7.6% on a year-over-year basis. Docusign has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, analysts expect that Docusign Inc. will post 1.17 earnings per share for the current year.

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

Insider Activity

In related news, insider Robert Chatwani sold 22,875 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $74.79, for a total value of $1,710,821.25. Following the completion of the transaction, the insider directly owned 72,126 shares of the company's stock, valued at approximately $5,394,303.54. This represents a 24.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Allan C. Thygesen sold 40,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $77.51, for a total transaction of $3,100,400.00. Following the completion of the transaction, the chief executive officer directly owned 143,983 shares of the company's stock, valued at approximately $11,160,122.33. The trade was a 21.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,552 shares of company stock worth $5,983,631 over the last quarter. Corporate insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DOCU shares. Citigroup cut their target price on shares of Docusign from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Monday, June 9th. Needham & Company LLC reiterated a "hold" rating on shares of Docusign in a research note on Friday, June 6th. Wells Fargo & Company upgraded shares of Docusign from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $67.00 to $80.00 in a research report on Friday, June 13th. Morgan Stanley dropped their price objective on shares of Docusign from $92.00 to $86.00 and set an "equal weight" rating for the company in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Docusign from $81.00 to $77.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $89.77.

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.