GraniteShares Advisors LLC Invests $411,000 in Docusign Inc. $DOCU

Key Points

• GraniteShares Advisors LLC has invested approximately $411,000 in Docusign Inc., purchasing 5,274 shares during the second quarter, according to a recent filing.
• Insider Robert Chatwani sold 13,817 shares for over $1.14 million, reducing his ownership by 16.26%, while a total of 82,533 shares worth $6.6 million were sold by insiders in the last ninety days.
• Docusign reported earnings of $0.92 per share, exceeding expectations, and announced a stock repurchase program valued at $1 billion as it aims to buy back up to 6.6% of its outstanding shares.

GraniteShares Advisors LLC purchased a new stake in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,274 shares of the company's stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Formidable Asset Management LLC grew its position in shares of Docusign by 109.1% in the 2nd quarter. Formidable Asset Management LLC now owns 9,905 shares of the company's stock worth $788,000 after buying an additional 5,169 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Docusign by 59.6% in the second quarter. State of Alaska Department of Revenue now owns 37,780 shares of the company's stock valued at $2,942,000 after acquiring an additional 14,105 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in Docusign during the 2nd quarter valued at $133,000. Dakota Wealth Management increased its position in Docusign by 2.0% during the 2nd quarter. Dakota Wealth Management now owns 22,742 shares of the company's stock valued at $1,771,000 after purchasing an additional 435 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Docusign by 1.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 67,153 shares of the company's stock worth $5,231,000 after purchasing an additional 693 shares during the period. Institutional investors own 77.64% of the company's stock.

Insider Activity at Docusign

In related news, insider Robert Chatwani sold 13,817 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $83.10, for a total value of $1,148,192.70. Following the completion of the sale, the insider owned 71,162 shares in the company, valued at approximately $5,913,562.20. The trade was a 16.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anna Marrs sold 728 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $80.30, for a total transaction of $58,458.40. Following the transaction, the director owned 10,799 shares in the company, valued at approximately $867,159.70. The trade was a 6.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,533 shares of company stock worth $6,598,028 over the last ninety days. 1.66% of the stock is currently owned by company insiders.

Docusign Stock Up 0.3%

NASDAQ:DOCU opened at $81.52 on Monday. The business's 50-day simple moving average is $77.00 and its two-hundred day simple moving average is $79.45. Docusign Inc. has a 52 week low of $60.60 and a 52 week high of $107.86. The stock has a market cap of $16.39 billion, a PE ratio of 61.29, a P/E/G ratio of 4.27 and a beta of 1.02.

Docusign (NASDAQ:DOCU - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. Docusign had a net margin of 9.08% and a return on equity of 14.01%. The firm had revenue of $800.64 million during the quarter, compared to analyst estimates of $780.35 million. During the same period last year, the firm posted $0.97 earnings per share. Docusign's revenue for the quarter 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. Sell-side analysts anticipate that Docusign Inc. will post 1.17 earnings per share for the current fiscal year.

Docusign declared that its Board of Directors has initiated a stock repurchase program on Thursday, June 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DOCU shares. UBS Group set a $95.00 price target on shares of Docusign in a research report on Friday, September 5th. Wells Fargo & Company upped their target price on Docusign from $80.00 to $85.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Zacks Research upgraded Docusign from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 9th. Evercore ISI upped their price target on Docusign from $90.00 to $92.00 and gave the stock an "in-line" rating in a research note on Friday, September 5th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Docusign in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, Docusign currently has an average rating of "Hold" and a consensus target price of $94.14.

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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