Duquesne Family Office LLC Buys Shares of 1,074,655 Docusign Inc. $DOCU

Key Points

• Duquesne Family Office LLC acquired over 1 million shares of Docusign Inc. valued at approximately $87.5 million, making it the firm's 10th largest position.
• Docusign reported a 7.6% increase in revenue year-over-year, with earnings per share beating analyst expectations by $0.09.
• The board has authorized a $1 billion stock repurchase plan, indicating confidence in the company's stock value amidst a current high percentage of institutional ownership at 77.64%.

Duquesne Family Office LLC acquired a new position in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,074,655 shares of the company's stock, valued at approximately $87,477,000. Docusign accounts for 2.9% of Duquesne Family Office LLC's investment portfolio, making the stock its 10th biggest holding. Duquesne Family Office LLC owned 0.53% of Docusign at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DOCU. Banque Transatlantique SA bought a new stake in Docusign during the first quarter worth about $26,000. Hemington Wealth Management lifted its position in Docusign by 318.1% during the first quarter. Hemington Wealth Management now owns 347 shares of the company's stock worth $28,000 after purchasing an additional 264 shares during the period. Golden State Wealth Management LLC lifted its position in Docusign by 519.4% during the first quarter. Golden State Wealth Management LLC now owns 384 shares of the company's stock worth $31,000 after purchasing an additional 322 shares during the period. Summit Securities Group LLC bought a new stake in Docusign during the first quarter worth about $34,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Docusign during the fourth quarter worth about $37,000. Institutional investors own 77.64% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DOCU shares. Argus reaffirmed a "hold" rating on shares of Docusign in a research report on Monday. Evercore ISI increased their target price on shares of Docusign from $90.00 to $92.00 and gave the stock an "in-line" rating in a report on Friday. Robert W. Baird increased their target price on shares of Docusign from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday. JPMorgan Chase & Co. increased their target price on shares of Docusign from $77.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Needham & Company LLC reissued a "hold" rating on shares of Docusign in a report on Friday. Four analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $94.14.

Docusign Stock Performance

Shares of Docusign stock traded up $1.87 on Monday, hitting $81.73. The stock had a trading volume of 5,072,052 shares, compared to its average volume of 2,651,564. The stock has a 50 day moving average of $75.53 and a 200 day moving average of $79.30. Docusign Inc. has a twelve month low of $54.31 and a twelve month high of $107.86. The firm has a market capitalization of $16.51 billion, a P/E ratio of 61.45, a PEG ratio of 29.81 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 the consensus estimate of $0.84 by $0.08. Docusign had a return on equity of 14.01% and a net margin of 9.08%.The company had revenue of $800.64 million during the quarter, compared to the consensus estimate of $780.35 million. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The firm's revenue was up 8.8% compared to the same quarter last year. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts expect that Docusign Inc. will post 1.17 earnings per share for the current year.

Docusign announced that its board has authorized a share repurchase plan on Thursday, June 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Insider Transactions at Docusign

In other news, CFO Blake Jeffrey Grayson sold 15,143 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $74.80, for a total value of $1,132,696.40. Following the completion of the transaction, the chief financial officer owned 110,723 shares of the company's stock, 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 through this hyperlink. Also, CEO Allan C. Thygesen sold 40,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $77.51, for a total transaction of $3,100,400.00. Following the sale, the chief executive officer directly owned 143,983 shares of the company's stock, valued at $11,160,122.33. This represents a 21.74% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,552 shares of company stock worth $5,983,631. 1.66% of the stock is owned by corporate insiders.

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.