Freedom Investment Management Inc. Purchases 5,165 Shares of Docusign Inc. $DOCU

Key Points

• Freedom Investment Management Inc. increased its holdings in Docusign by 170.0% during the first quarter, owning 8,203 shares worth $668,000.
• Docusign reported a net margin of 36.50% with quarterly revenue of $763.65 million, exceeding analyst estimates and showing a 7.6% increase year-over-year.
• The stock has received mixed analyst ratings with a consensus target price of $89.77, while Wells Fargo upgraded it to an "equal weight" rating.

Freedom Investment Management Inc. boosted its holdings in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 170.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,203 shares of the company's stock after purchasing an additional 5,165 shares during the period. Freedom Investment Management Inc.'s holdings in Docusign were worth $668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOCU. Wellington Management Group LLP lifted its stake in Docusign by 372.5% during the first 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. Jericho Capital Asset Management L.P. increased its position in Docusign by 34.0% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 4,754,753 shares of the company's stock worth $427,642,000 after purchasing an additional 1,205,500 shares in the last quarter. Pacer Advisors Inc. increased its position in Docusign by 809.6% during 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 in the last quarter. Northern Trust Corp increased its position in Docusign by 77.2% during the 4th quarter. Northern Trust Corp now owns 1,984,378 shares of the company's stock worth $178,475,000 after purchasing an additional 864,408 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Docusign during the 1st quarter worth approximately $50,459,000. 77.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DOCU. Morgan Stanley lowered 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. UBS Group reduced their price target on Docusign from $85.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. JMP Securities restated a "market outperform" rating and set a $124.00 price target on shares of Docusign in a report on Tuesday, June 3rd. Robert W. Baird reduced their price target on Docusign from $93.00 to $85.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. Finally, Citigroup cut their price target on shares of Docusign from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Monday, June 9th. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $89.77.

Insider Activity at Docusign

In other news, CEO Allan C. Thygesen sold 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $77.51, for a total transaction of $3,100,400.00. Following the completion of the sale, the chief executive officer owned 143,983 shares of the company's stock, valued at $11,160,122.33. This trade represents a 21.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Teresa Briggs sold 534 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $74.37, for a total transaction of $39,713.58. Following the sale, the director directly owned 8,805 shares of the company's stock, valued at approximately $654,827.85. This trade represents a 5.72% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,552 shares of company stock worth $5,983,631. Corporate insiders own 1.01% of the company's stock.

Docusign Price Performance

NASDAQ DOCU traded up $1.15 during mid-day trading on Friday, reaching $76.66. 2,272,539 shares of the stock were exchanged, compared to its average volume of 2,302,764. Docusign Inc. has a one year low of $54.31 and a one year high of $107.86. The stock has a 50 day simple moving average of $75.41 and a 200-day simple moving average of $79.73. The stock has a market cap of $15.49 billion, a P/E ratio of 14.49, a P/E/G ratio of 28.61 and a beta of 1.01.

Docusign (NASDAQ:DOCU - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.09. Docusign had a net margin of 36.50% and a return on equity of 14.27%. The business had revenue of $763.65 million during the quarter, compared to the consensus estimate of $748.79 million. During the same quarter last year, the firm earned $0.82 earnings per share. Docusign's quarterly 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. Sell-side analysts anticipate that Docusign Inc. will post 1.17 EPS for the current fiscal year.

Docusign announced that its Board of Directors has approved a stock repurchase program on Thursday, June 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Docusign 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.