Docusign Inc. $DOCU Stake Cut by Retireful LLC

Key Points

• Retireful LLC reduced its stake in Docusign Inc. by 28.8%, owning 9,624 shares worth approximately $750,000 after selling 3,886 shares in the second quarter.
• Insider transactions indicate that Docusign directors sold a total of 82,533 shares worth $6.6 million in the past three months, reflecting notable decreases in their ownership positions.
• Docusign reported a Q2 earnings per share of $0.92, exceeding analysts' expectations, with revenue reaching $800.64 million for the quarter, marking an 8.8% year-over-year increase.

Retireful LLC lessened its holdings in Docusign Inc. (NASDAQ:DOCU - Free Report) by 28.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,624 shares of the company's stock after selling 3,886 shares during the quarter. Retireful LLC's holdings in Docusign were worth $750,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DOCU. Vise Technologies Inc. bought a new stake in shares of Docusign during the 4th quarter valued at about $221,000. Toronto Dominion Bank lifted its holdings in Docusign by 1.3% in the fourth quarter. Toronto Dominion Bank now owns 26,508 shares of the company's stock worth $2,384,000 after acquiring an additional 349 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Docusign in the fourth quarter valued at approximately $14,463,000. Siemens Fonds Invest GmbH bought a new position in shares of Docusign during the fourth quarter valued at approximately $772,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of Docusign during the 4th quarter worth approximately $37,000. Institutional investors own 77.64% of the company's stock.

Insider Transactions at Docusign

In other Docusign news, Director Peter Solvik sold 15,000 shares of the firm's stock in a transaction on Monday, September 15th. The shares were 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. This trade represents a 9.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James A. Beer sold 450 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $81.28, for a total value of $36,576.00. Following the transaction, the director owned 14,199 shares in the company, valued at $1,154,094.72. This represents a 3.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,533 shares of company stock worth $6,598,028. Insiders own 1.01% of the company's stock.

Docusign Stock Performance

Shares of NASDAQ:DOCU opened at $84.01 on Thursday. The firm has a 50 day simple moving average of $76.88 and a 200 day simple moving average of $79.38. Docusign Inc. has a 52 week low of $58.33 and a 52 week high of $107.86. The company has a market cap of $16.89 billion, a PE ratio of 63.17, a price-to-earnings-growth ratio of 4.45 and a beta of 1.02.

Docusign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. The firm had revenue of $800.64 million during the quarter, compared to analysts' expectations of $780.35 million. Docusign had a return on equity of 14.01% and a net margin of 9.08%.The business's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts predict that Docusign Inc. will post 1.17 earnings per share for the current year.

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

Analysts Set New Price Targets

DOCU has been the subject of a number of analyst reports. Argus restated a "hold" rating on shares of Docusign in a research report on Monday, September 8th. Bank of America raised their target price on Docusign from $85.00 to $102.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. Wells Fargo & Company boosted their price target on shares of Docusign from $80.00 to $85.00 and gave the company an "equal weight" rating in a report on Friday, September 5th. Piper Sandler increased their price objective on shares of Docusign from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Docusign from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $94.14.

About Docusign

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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