Raymond James Financial Inc. Acquires 21,640 Shares of Docusign Inc. $DOCU

Key Points

• Raymond James Financial Inc. increased its holdings in Docusign Inc. by 5.1% during the first quarter, owning approximately $36.56 million worth of shares by the end of the reporting period.
• Insider trading activity included CEO Allan C. Thygesen selling 40,000 shares at an average price of $77.51, leading to a 21.74% decrease in his ownership.
• Docusign's stock has received mixed analyst ratings, with a consensus target price of $89.77, while recent reports showed price targets ranging from $77.00 to $124.00.

Raymond James Financial Inc. raised its holdings in Docusign Inc. (NASDAQ:DOCU - Free Report) by 5.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 449,139 shares of the company's stock after buying an additional 21,640 shares during the period. Raymond James Financial Inc. owned about 0.22% of Docusign worth $36,560,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in Docusign by 7.5% during the 4th quarter. NewEdge Advisors LLC now owns 6,745 shares of the company's stock worth $607,000 after purchasing an additional 469 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Docusign by 23.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 822,314 shares of the company's stock worth $73,975,000 after purchasing an additional 156,841 shares in the last quarter. MML Investors Services LLC increased its holdings in Docusign by 38.9% during the 4th quarter. MML Investors Services LLC now owns 16,711 shares of the company's stock worth $1,503,000 after purchasing an additional 4,677 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in Docusign by 34.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 557 shares of the company's stock worth $50,000 after purchasing an additional 143 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new stake in Docusign during the 4th quarter worth approximately $238,000. 77.64% of the stock is owned by institutional investors and hedge funds.

Docusign Stock Performance

DOCU traded up $1.06 during trading on Thursday, reaching $75.74. The stock had a trading volume of 644,333 shares, compared to its average volume of 2,566,092. The stock has a market cap of $15.30 billion, a PE ratio of 14.32, a PEG ratio of 27.06 and a beta of 1.01. Docusign Inc. has a one year low of $54.31 and a one year high of $107.86. The business has a 50-day moving average of $75.37 and a 200-day moving average of $79.97.

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

Docusign announced that its board has authorized a share buyback program 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 programs are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DOCU. JMP Securities restated a "market outperform" rating and issued a $124.00 target price on shares of Docusign in a research note on Tuesday, June 3rd. Robert W. Baird dropped their price objective on Docusign from $93.00 to $85.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. Wells Fargo & Company upgraded Docusign from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $67.00 to $80.00 in a research note on Friday, June 13th. Bank of America lowered their target price on shares of Docusign from $88.00 to $85.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. Finally, Citigroup lowered their target price 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 investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat, Docusign currently has a consensus rating of "Hold" and an average target price of $89.77.

Insider Buying and Selling at Docusign

In other Docusign news, CFO Blake Jeffrey Grayson sold 15,143 shares of the company's stock in a transaction dated 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 directly owned 110,723 shares in the company, valued at $8,282,080.40. This represents a 12.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Chatwani sold 22,875 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $74.79, for a total transaction of $1,710,821.25. Following the sale, the insider owned 72,126 shares of the company's stock, valued at approximately $5,394,303.54. The trade was a 24.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,552 shares of company stock valued at $5,983,631. Corporate insiders own 1.01% of the company's stock.

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.