GC Wealth Management RIA LLC Acquires New Holdings in Docusign Inc. $DOCU

Key Points

• GC Wealth Management RIA LLC has acquired a new stake in Docusign Inc., purchasing 8,305 shares valued at approximately $647,000.
• Wall Street analysts have recently upgraded Docusign's stock ratings, with several firms raising their price targets and the consensus rating being "Hold" with a target price of $94.14.
• Docusign reported earnings per share of $0.92 for the last quarter, exceeding expectations, and announced a stock buyback plan authorizing $1.00 billion in share repurchases.

GC Wealth Management RIA LLC acquired a new stake in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,305 shares of the company's stock, valued at approximately $647,000.

Other hedge funds also recently bought and sold shares of the company. Banque Transatlantique SA purchased a new position in Docusign during the first quarter valued at approximately $26,000. Hemington Wealth Management grew its stake in Docusign by 318.1% during the first quarter. Hemington Wealth Management now owns 347 shares of the company's stock valued at $28,000 after acquiring an additional 264 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Docusign by 519.4% during the first quarter. Golden State Wealth Management LLC now owns 384 shares of the company's stock valued at $31,000 after acquiring an additional 322 shares in the last quarter. Summit Securities Group LLC purchased a new position in Docusign during the first quarter valued at approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Docusign by 153.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 453 shares of the company's stock valued at $37,000 after acquiring an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DOCU. Wall Street Zen raised shares of Docusign from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Evercore ISI boosted their price target on shares of Docusign from $90.00 to $92.00 and gave the stock an "in-line" rating in a research note on Friday, September 5th. Citigroup boosted their price target on shares of Docusign from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, September 4th. JMP Securities reissued a "market outperform" rating and issued a $124.00 price target on shares of Docusign in a research note on Friday, September 5th. Finally, Wells Fargo & Company boosted their price target on shares of Docusign from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Docusign presently has a consensus rating of "Hold" and a consensus target price of $94.14.

Docusign Stock Performance

Shares of Docusign stock opened at $72.09 on Wednesday. Docusign Inc. has a 52-week low of $60.60 and a 52-week high of $107.86. The stock has a market capitalization of $14.50 billion, a price-to-earnings ratio of 54.20, a price-to-earnings-growth ratio of 4.08 and a beta of 1.02. The company has a fifty day moving average of $76.87 and a 200-day moving average of $79.37.

Docusign (NASDAQ:DOCU - Get Free Report) last announced 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 company had revenue of $800.64 million during the quarter, compared to analysts' expectations of $780.35 million. Docusign had a net margin of 9.08% and a return on equity of 14.01%. The firm's revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts forecast that Docusign Inc. will post 1.17 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Docusign

In other Docusign news, CFO Blake Jeffrey Grayson sold 9,509 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $83.10, for a total transaction of $790,197.90. Following the completion of the sale, the chief financial officer owned 112,160 shares of the company's stock, valued at $9,320,496. This represents a 7.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter Solvik sold 15,000 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $81.48, for a total transaction of $1,222,200.00. Following the sale, the director directly owned 135,253 shares of the company's stock, valued at $11,020,414.44. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,533 shares of company stock worth $3,497,628 over the last ninety days. 1.66% of the stock is owned by company 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.

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