Docusign Inc. $DOCU Position Boosted by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its holdings in Docusign Inc. by 8.0%, now owning 64,726 shares valued at approximately $5.28 million.
• CEO Allan C. Thygesen sold 40,000 shares, a significant decrease in his ownership, while CFO Blake Jeffrey Grayson also sold shares, contributing to a total of 78,552 shares sold by insiders in the last 90 days.
• Docusign has authorized a $1 billion stock buyback plan, indicating the board's belief that shares may be undervalued, as the company reported better-than-expected quarterly earnings with a revenue increase of 7.6% year-over-year.

Resona Asset Management Co. Ltd. boosted its stake in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 8.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,726 shares of the company's stock after acquiring an additional 4,808 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Docusign were worth $5,284,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in DOCU. Hemington Wealth Management raised its stake in shares of Docusign by 318.1% during the 1st quarter. Hemington Wealth Management now owns 347 shares of the company's stock worth $28,000 after buying an additional 264 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Docusign by 519.4% during the 1st quarter. Golden State Wealth Management LLC now owns 384 shares of the company's stock worth $31,000 after buying an additional 322 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new position in shares of Docusign during the 4th quarter worth approximately $37,000. McIlrath & Eck LLC raised its stake in shares of Docusign by 476.0% during the 4th quarter. McIlrath & Eck LLC now owns 432 shares of the company's stock worth $39,000 after buying an additional 357 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Docusign by 153.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 453 shares of the company's stock valued at $37,000 after purchasing an additional 274 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Docusign Price Performance

DOCU stock traded down $0.0290 during trading on Wednesday, reaching $70.8510. 750,534 shares of the stock traded hands, compared to its average volume of 2,583,551. The business's 50 day moving average price is $75.66 and its 200-day moving average price is $80.78. Docusign Inc. has a 52-week low of $54.31 and a 52-week high of $107.86. The firm has a market capitalization of $14.32 billion, a PE ratio of 13.39, a P/E/G ratio of 26.76 and a beta of 1.01.

Docusign (NASDAQ:DOCU - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.90 earnings per share (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 firm had revenue of $763.65 million during the quarter, compared to the consensus estimate of $748.79 million. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. Docusign has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities research analysts predict that Docusign Inc. will post 1.17 earnings per share for the current year.

Docusign announced that its Board of Directors has authorized a share repurchase program on Thursday, June 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DOCU shares. Bank of America dropped their price objective on Docusign from $88.00 to $85.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. Wells Fargo & Company raised Docusign from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $67.00 to $80.00 in a research report on Friday, June 13th. JPMorgan Chase & Co. dropped their price target on Docusign from $81.00 to $77.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. JMP Securities reissued a "market outperform" rating and set a $124.00 price target on shares of Docusign in a research report on Tuesday, June 3rd. Finally, Wall Street Zen downgraded Docusign from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Four research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $89.77.

Insiders Place Their Bets

In related news, CEO Allan C. Thygesen sold 40,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $77.51, for a total value of $3,100,400.00. Following the completion of the transaction, the chief executive officer owned 143,983 shares of the company's stock, valued at approximately $11,160,122.33. This represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Teresa Briggs sold 534 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $74.37, for a total value of $39,713.58. Following the sale, the director owned 8,805 shares in the company, valued at $654,827.85. The trade was a 5.72% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,552 shares of company stock worth $5,983,631. Company insiders own 1.66% of the company's stock.

Docusign Company 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.