Docusign Inc. $DOCU Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management reduced its Docusign stake by 21.6% in the third quarter, selling 321,705 shares and retaining 1.17 million shares valued at approximately $78.6 million. Institutional investors collectively own 77.64% of DOCU.
• Docusign reported quarterly earnings of $1.16 per share, exceeding estimates of $1.09, while revenue rose 9.4% year over year to $875.75 million. The stock opened at $81.48, near its 12-month high of $81.62.
• Analysts remain cautious, with a consensus “Hold” rating and average price target of $67.62; three analysts rate the stock Buy, 15 Hold, and one Sell. Company insiders also sold $11.1 million of shares over the past 90 days.

Robeco Institutional Asset Management B.V. lessened its holdings in Docusign Inc. (NASDAQ:DOCU - Free Report) by 21.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,169,848 shares of the company's stock after selling 321,705 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.63% of Docusign worth $78,555,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Docusign during the 3rd quarter valued at about $27,000. WealthCollab LLC increased its stake in Docusign by 372.4% in the first quarter. WealthCollab LLC now owns 855 shares of the company's stock valued at $41,000 after acquiring an additional 674 shares during the period. Elevation Wealth Partners LLC increased its stake in Docusign by 71.1% in the third quarter. Elevation Wealth Partners LLC now owns 876 shares of the company's stock valued at $59,000 after acquiring an additional 364 shares during the period. Virtus Advisers LLC bought a new stake in Docusign in the second quarter valued at about $47,000. Finally, Rakuten Securities Inc. acquired a new position in Docusign in the second quarter worth about $49,000. Institutional investors and hedge funds own 77.64% of the company's stock.

Docusign Stock Up 1.5%

NASDAQ:DOCU opened at $81.48 on Thursday. The firm has a market cap of $15.23 billion, a PE ratio of 49.68, a price-to-earnings-growth ratio of 2.97 and a beta of 0.86. Docusign Inc. has a 12 month low of $40.16 and a 12 month high of $81.62. The company's 50-day moving average price is $67.89 and its two-hundred day moving average price is $55.43.

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

Analyst Ratings Changes

A number of research analysts have commented on DOCU shares. Yorkville Ives assumed coverage on shares of Docusign in a research note on Monday, October 5th. They set an "in-line" rating and a $72.00 price target for the company. Morgan Stanley lifted their price objective on Docusign from $69.00 to $75.00 and gave the company an "equal weight" rating in a report on Friday, September 4th. Robert W. Baird upped their price objective on Docusign from $55.00 to $72.00 and gave the company a "neutral" rating in a research note on Friday, September 4th. Needham & Company LLC reiterated a "hold" rating on shares of Docusign in a research note on Friday, September 4th. Finally, Wells Fargo & Company increased their target price on Docusign from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, September 4th. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $67.62.

Insiders Place Their Bets

In related news, CFO Blake Grayson sold 30,000 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $70.00, for a total transaction of $2,100,000.00. Following the sale, the chief financial officer directly owned 96,429 shares in the company, valued at $6,750,030. This represents a 23.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Peter Solvik sold 46,000 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $65.24, for a total value of $3,001,040.00. Following the sale, the director directly owned 49,558 shares of the company's stock, valued at $3,233,163.92. This represents a 48.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 165,868 shares of company stock worth $11,121,890 over the last ninety days. 0.59% of the stock is owned by insiders.

Docusign Company Profile

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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