Docusign Inc. $DOCU Shares Sold by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings cut its DocuSign position by 71.1% in the third quarter, selling 38,580 shares and retaining 15,645 shares valued at approximately $1.05 million. Institutional investors collectively own 77.64% of DOCU.
• DocuSign reported quarterly earnings and revenue above analyst expectations, with EPS of $1.16 and revenue of $875.75 million; however, revenue growth slowed to 9.4% year over year.
• The company is expanding beyond e-signatures through a new PDF editor and SAP integrations for agreement management, but DOCU trades near its 12-month high at roughly 51 times earnings. Analysts maintain a consensus “Hold” rating with an average price target of $67.62.

Crossmark Global Holdings Inc. reduced its position in Docusign Inc. (NASDAQ:DOCU - Free Report) by 71.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,645 shares of the company's stock after selling 38,580 shares during the period. Crossmark Global Holdings Inc.'s holdings in Docusign were worth $1,051,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Docusign during the third quarter worth about $27,000. WealthCollab LLC lifted its position in Docusign by 372.4% in the 1st quarter. WealthCollab LLC now owns 855 shares of the company's stock valued at $41,000 after acquiring an additional 674 shares in the last quarter. Virtus Advisers LLC bought a new position in Docusign in the 2nd quarter valued at about $47,000. Rakuten Securities Inc. bought a new position in Docusign in the 2nd quarter valued at about $49,000. Finally, Elevation Wealth Partners LLC boosted its stake in Docusign by 71.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 876 shares of the company's stock valued at $59,000 after purchasing an additional 364 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

Key Docusign News

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: DocuSign launched a PDF editor designed to let users modify, prepare, and manage documents within its contract-management workflow. The offering could improve customer convenience and create additional cross-selling opportunities. DocuSign launches PDF editor to streamline contract management
• Positive Sentiment: The company introduced SAP Signature and Agreement Management integrations for SAP Sales Cloud and SAP SuccessFactors. The solutions will be sold as SAP Solution Extensions, embedding DocuSign’s intelligent agreement-management tools into sales and human-resources workflows and potentially expanding its enterprise distribution. DocuSign Intelligent Agreement Management to Be Sold as SAP Solution Extensions
• Positive Sentiment: Analyst and financial-media coverage highlights DocuSign’s long-term growth potential as it broadens its platform into intelligent agreement management, rather than relying solely on e-signatures. Why DocuSign is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Reports showing zero shares sold short and a zero-day days-to-cover ratio appear inconsistent with the company’s reported trading activity, so the short-interest data provides little actionable information. DocuSign’s founder listing a $21.9 million home is also unrelated to corporate fundamentals.
• Negative Sentiment: DOCU is trading near its 12-month high at a valuation of roughly 52 times earnings, leaving less room for disappointment if the new products do not accelerate revenue growth. The company’s latest reported quarter did beat earnings and revenue expectations, but growth was 9.4% year over year.

Docusign Stock Down 0.4%

DOCU stock opened at $84.89 on Tuesday. The firm has a market cap of $15.87 billion, a PE ratio of 50.76, a P/E/G ratio of 3.15 and a beta of 0.86. The business has a 50 day moving average of $68.63 and a 200-day moving average of $54.37. Docusign Inc. has a 12-month low of $40.16 and a 12-month high of $85.90.

Docusign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.07. Docusign had a return on equity of 18.29% and a net margin of 9.82%. The business had revenue of $875.75 million for the quarter, compared to analyst estimates of $867.22 million. During the same period last year, the company posted $0.30 earnings per share. Docusign's quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts expect that Docusign Inc. will post 2.14 earnings per share for the current year.

Insider Activity

In other news, insider James Shaughnessy sold 12,000 shares of Docusign stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $68.80, for a total transaction of $825,600.00. Following the sale, the insider directly owned 50,591 shares in the company, valued at $3,480,660.80. The trade was a 19.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mary Wilderotter sold 1,000 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $68.80, for a total transaction of $68,800.00. Following the completion of the transaction, the director directly owned 2,199 shares in the company, valued at $151,291.20. This trade represents a 31.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 165,868 shares of company stock worth $11,121,890. 0.59% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on DOCU. Royal Bank Of Canada boosted their price objective on Docusign from $55.00 to $70.00 and gave the stock a "sector perform" rating in a report on Friday, September 4th. Robert W. Baird raised their target price on Docusign from $55.00 to $72.00 and gave the company a "neutral" rating in a report on Friday, September 4th. Citizens Jmp reaffirmed a "market outperform" rating and set a $86.00 target price on shares of Docusign in a research report on Friday, September 4th. Bank of America lifted their target price on Docusign from $58.00 to $64.00 and gave the company an "underperform" rating in a research report on Friday, September 4th. Finally, UBS Group upped their price target on Docusign from $54.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Docusign presently has a consensus rating of "Hold" and an average target price of $67.62.

About Docusign

DocuSign, Inc is a software company that provides digital agreement and electronic signature solutions. Its platform enables individuals and organizations to prepare, send, sign, manage and store agreements electronically, helping customers replace paper-based contracting processes with digital workflows.

The company's offerings include eSignature, contract lifecycle management, identity verification, notarization and agreement analytics tools. These products are designed to support agreement creation, negotiation, execution and post-signature management across functions such as sales, human resources, procurement, legal and finance.

Founded in 2003, DocuSign serves businesses, government organizations and individual users in markets around the world.

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