Concurrent Investment Advisors LLC Has $223,000 Stake in Docusign Inc. $DOCU

Key Points

• Concurrent Investment Advisors LLC reduced its stake in Docusign Inc. by 62.3%, owning 2,864 shares valued at approximately $223,000 as of the latest SEC filing.
• Insider trading activity included the sale of 7,500 shares by James P. Shaughnessy at an average price of $71.19, resulting in a total transaction of about $533,925.
• Several brokerages have recently increased their price targets for Docusign, with Royal Bank Of Canada raising its target from $90.00 to $95.00, indicating a positive outlook for the stock.

Concurrent Investment Advisors LLC trimmed its position in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 62.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,864 shares of the company's stock after selling 4,732 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Docusign were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DOCU. GAMMA Investing LLC lifted its holdings in shares of Docusign by 338.2% during the 1st quarter. GAMMA Investing LLC now owns 3,519 shares of the company's stock valued at $286,000 after buying an additional 2,716 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Docusign by 528.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 108,232 shares of the company's stock valued at $8,810,000 after buying an additional 91,017 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Docusign by 6.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,359 shares of the company's stock valued at $3,367,000 after buying an additional 2,554 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Docusign by 2.3% during the 1st quarter. State of Alaska Department of Revenue now owns 23,675 shares of the company's stock valued at $1,927,000 after buying an additional 530 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Docusign by 23.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,132 shares of the company's stock valued at $336,000 after buying an additional 798 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider James P. Shaughnessy sold 7,500 shares of Docusign stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $71.19, for a total transaction of $533,925.00. Following the sale, the insider owned 55,442 shares of the company's stock, valued at approximately $3,946,915.98. This trade represents a 11.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Solvik sold 15,000 shares of Docusign stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $81.48, for a total value of $1,222,200.00. Following the sale, the director directly owned 135,253 shares in the company, valued at $11,020,414.44. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,533 shares of company stock worth $7,709,933. 1.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on DOCU. Royal Bank Of Canada lifted their price target on Docusign from $90.00 to $95.00 and gave the company a "sector perform" rating in a report on Friday, September 5th. JMP Securities reissued a "market outperform" rating and issued a $124.00 price objective on shares of Docusign in a research note on Friday, October 3rd. Citigroup raised their price objective on Docusign from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. Wall Street Zen raised Docusign from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, Wells Fargo & Company raised their price objective on Docusign from $80.00 to $85.00 and gave the company an "equal weight" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, Docusign has a consensus rating of "Hold" and a consensus target price of $94.14.

Docusign Stock Up 4.0%

Shares of NASDAQ DOCU opened at $70.68 on Tuesday. The business's 50 day moving average is $75.09 and its two-hundred day moving average is $77.92. The company has a market cap of $14.21 billion, a P/E ratio of 53.14, a P/E/G ratio of 3.38 and a beta of 1.02. Docusign Inc. has a 12 month low of $66.35 and a 12 month high of $107.86.

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

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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