Docusign Inc. $DOCU Shares Bought by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in Docusign Inc. by 30.4%, acquiring an additional 57,110 shares during Q1, bringing its total ownership to approximately $19.96 million.
• Docusign reported a quarterly EPS of $0.92, surpassing expectations, and a revenue of $800.64 million, up 8.8% year-over-year.
• Analysts predict continued growth for Docusign, with target price adjustments, including a boost from Citigroup to $115.00 and a consensus target price of $93.14.

Gotham Asset Management LLC boosted its position in Docusign Inc. (NASDAQ:DOCU - Free Report) by 30.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 245,257 shares of the company's stock after buying an additional 57,110 shares during the period. Gotham Asset Management LLC owned approximately 0.12% of Docusign worth $19,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of DOCU. Banque Transatlantique SA purchased a new stake in Docusign in the first quarter valued at approximately $26,000. Hemington Wealth Management boosted its position in Docusign by 318.1% in the first quarter. Hemington Wealth Management now owns 347 shares of the company's stock valued at $28,000 after buying an additional 264 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Docusign by 519.4% in the first quarter. Golden State Wealth Management LLC now owns 384 shares of the company's stock valued at $31,000 after buying an additional 322 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Docusign in the first quarter valued at approximately $34,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in Docusign in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 77.64% of the company's stock.

Docusign Trading Down 2.4%

DOCU traded down $1.93 during trading on Tuesday, hitting $79.80. The company's stock had a trading volume of 5,090,202 shares, compared to its average volume of 2,665,612. Docusign Inc. has a twelve month low of $54.31 and a twelve month high of $107.86. The business's fifty day simple moving average is $75.66 and its 200 day simple moving average is $79.29. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 60.00, a P/E/G ratio of 29.81 and a beta of 1.02.

Docusign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.92 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 for the quarter, compared to analyst estimates of $780.35 million. During the same period last year, the company earned $0.97 earnings per share. Docusign's quarterly 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. As a group, 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 initiated a share buyback program on Thursday, June 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently commented on DOCU shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Docusign in a report on Friday. JMP Securities reaffirmed a "market outperform" rating and set a $124.00 target price on shares of Docusign in a report on Friday. Wells Fargo & Company raised their target price on Docusign from $80.00 to $85.00 and gave the stock an "equal weight" rating in a report on Friday. Piper Sandler raised their target price on Docusign from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday. Finally, UBS Group set a $95.00 target price on Docusign in a report on Friday. Four investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $94.14.

Insider Transactions at Docusign

In other news, insider Robert Chatwani sold 22,875 shares of Docusign stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $74.79, for a total value of $1,710,821.25. Following the sale, the insider directly owned 72,126 shares of the company's stock, valued at $5,394,303.54. The trade was a 24.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Blake Jeffrey Grayson sold 15,143 shares of Docusign 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 sale, the chief financial officer directly owned 110,723 shares in the company, valued at $8,282,080.40. This represents a 12.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,552 shares of company stock valued at $5,983,631. Insiders own 1.66% of the company's stock.

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.