Engineers Gate Manager LP Has $11.99 Million Holdings in Docusign Inc. $DOCU

Key Points

• Engineers Gate Manager LP reduced its Docusign stake by 38.8% in the second quarter, selling 171,434 shares and retaining 269,860 shares worth approximately $11.99 million. Institutional investors and hedge funds collectively own 77.64% of DOCU.
• Docusign’s latest quarter exceeded expectations, with EPS of $1.16 versus $1.09 expected and revenue of $875.75 million, up 9.4% year over year. Management also highlighted continued AI adoption, with its Intelligent Agreement Management platform contributing 15.1% of annual recurring revenue.
• Wall Street remains cautious: DOCU has an average “Hold” rating and a consensus price target of $67.33, despite analysts raising several targets following the earnings report.

Engineers Gate Manager LP cut its holdings in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 38.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 269,860 shares of the company's stock after selling 171,434 shares during the period. Engineers Gate Manager LP owned approximately 0.14% of Docusign worth $11,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in shares of Docusign by 36.4% in the 1st quarter. NewEdge Advisors LLC now owns 9,202 shares of the company's stock valued at $749,000 after purchasing an additional 2,457 shares during the period. Guggenheim Capital LLC increased its stake in Docusign by 6.7% during the 2nd quarter. Guggenheim Capital LLC now owns 11,543 shares of the company's stock worth $899,000 after purchasing an additional 729 shares in the last quarter. State Street Corp raised its holdings in Docusign by 3.0% during the 2nd quarter. State Street Corp now owns 8,074,976 shares of the company's stock worth $628,960,000 after buying an additional 236,494 shares during the period. Sei Investments Co. raised its holdings in Docusign by 60.7% during the 2nd quarter. Sei Investments Co. now owns 40,386 shares of the company's stock worth $3,146,000 after buying an additional 15,247 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in Docusign by 51.0% in the second quarter. Treasurer of the State of North Carolina now owns 189,178 shares of the company's stock valued at $14,735,000 after buying an additional 63,911 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Docusign

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Docusign announced a “Where Deals Get Done” partnership with Stephen Curry’s UNDERRATED Golf, potentially strengthening brand visibility and customer engagement. Stephen Curry's UNDERRATED Golf and Docusign Partnership
• Positive Sentiment: Management highlighted continued artificial-intelligence adoption and said the Intelligent Agreement Management platform now represents 15.1% of annual recurring revenue. Strong enterprise adoption and expanding platform usage support the longer-term growth case. Docusign Q2 2027 Earnings Call Transcript
• Positive Sentiment: Docusign’s latest quarterly results exceeded expectations, with earnings per share of $1.16 versus a $1.09 consensus estimate and revenue of $875.75 million versus $867.22 million expected. Revenue grew 9.4% year over year, while margin improvement and stronger cash flow also supported the investment narrative. Docusign Earnings Results

Docusign Stock Performance

Docusign stock opened at $65.80 on Friday. Docusign Inc. has a 52 week low of $40.16 and a 52 week high of $86.65. The stock has a market capitalization of $12.30 billion, a P/E ratio of 40.12, a PEG ratio of 2.44 and a beta of 0.90. The stock has a 50-day simple moving average of $57.35 and a 200 day simple moving average of $50.50.

Docusign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.07. Docusign had a return on equity of 18.29% and a net margin of 9.82%.The firm had revenue of $875.75 million for the quarter, compared to analyst estimates of $867.22 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts forecast that Docusign Inc. will post 2.09 earnings per share for the current year.

Wall Street Analyst Weigh In

DOCU has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Docusign from $69.00 to $75.00 and gave the company an "equal weight" rating in a report on Friday, September 4th. Bank of America raised their price objective on shares of Docusign from $58.00 to $64.00 and gave the stock an "underperform" rating in a report on Friday, September 4th. Weiss Ratings raised shares of Docusign from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 25th. Wells Fargo & Company upped their target price on shares of Docusign from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Friday, September 4th. Finally, Robert W. Baird increased their target price on Docusign from $55.00 to $72.00 and gave the stock a "neutral" rating in a report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Docusign currently has an average rating of "Hold" and a consensus price target of $67.33.

Insider Buying and Selling at Docusign

In related news, insider James Shaughnessy sold 12,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total value of $546,480.00. Following the sale, the insider owned 52,815 shares in the company, valued at approximately $2,405,195.10. This represents a 18.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Allan Thygesen sold 26,250 shares of the firm's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $46.02, for a total value of $1,208,025.00. Following the sale, the chief executive officer directly owned 159,038 shares of the company's stock, valued at $7,318,928.76. This represents a 14.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 135,602 shares of company stock worth $7,407,299 in the last three months. 0.59% of the stock is owned by insiders.

About Docusign

DocuSign, Inc is a provider of digital agreement management and electronic signature solutions. Its platform enables individuals and organizations to prepare, send, sign, manage and store agreements electronically, helping businesses replace paper-based contracting processes with digital workflows.

The company's products and services include DocuSign eSignature, which supports electronic signing and authentication, as well as tools for contract lifecycle management, agreement preparation, identity verification, notarial services and workflow automation.

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