JT Stratford LLC Takes $847,000 Position in Docusign Inc. $DOCU

Key Points

• JT Stratford LLC has acquired a new stake in Docusign Inc., purchasing 10,400 shares valued at approximately $847,000 in the 1st quarter.
• Docusign's Board of Directors has approved a $1 billion share repurchase program, indicating confidence in the company's stock valuation.
• Analysts have mixed ratings on Docusign, with a consensus rating of "Hold" and a price target averaging $89.77.

JT Stratford LLC purchased a new position in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,400 shares of the company's stock, valued at approximately $847,000.

A number of other large investors have also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Docusign by 234.7% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 69,203 shares of the company's stock worth $5,633,000 after purchasing an additional 48,524 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Docusign by 55.5% in the first quarter. Hsbc Holdings PLC now owns 496,814 shares of the company's stock worth $40,438,000 after purchasing an additional 177,413 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Docusign by 372.5% in the first quarter. Wellington Management Group LLP now owns 1,826,949 shares of the company's stock worth $148,714,000 after purchasing an additional 1,440,269 shares during the last quarter. Korea Investment CORP grew its holdings in shares of Docusign by 1.5% in the first quarter. Korea Investment CORP now owns 226,985 shares of the company's stock worth $18,477,000 after purchasing an additional 3,394 shares during the last quarter. Finally, Qtron Investments LLC bought a new position in shares of Docusign in the first quarter worth about $228,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Robert Chatwani sold 22,875 shares of the stock in a transaction dated 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 transaction, the insider directly owned 72,126 shares of the company's stock, valued at approximately $5,394,303.54. This represents a 24.08% 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, CFO Blake Jeffrey Grayson sold 15,143 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were 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 directly owned 110,723 shares of the company's stock, valued at approximately $8,282,080.40. This trade represents a 12.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,552 shares of company stock worth $5,983,631 in the last three months. Insiders own 1.01% of the company's stock.

Docusign Price Performance

NASDAQ DOCU traded up $4.07 during trading on Friday, hitting $74.81. The company's stock had a trading volume of 2,692,758 shares, compared to its average volume of 2,172,880. The company has a market cap of $15.12 billion, a PE ratio of 14.14, a P/E/G ratio of 27.92 and a beta of 1.01. The business's 50 day simple moving average is $75.47 and its 200-day simple moving average is $80.27. Docusign Inc. has a fifty-two week low of $54.31 and a fifty-two week high of $107.86.

Docusign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.09. The business had revenue of $763.65 million during the quarter, compared to the consensus estimate of $748.79 million. Docusign had a return on equity of 14.27% and a net margin of 36.50%.The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. Docusign has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Analysts expect that Docusign Inc. will post 1.17 EPS for the current fiscal year.

Docusign announced that its board has approved a share buyback plan on Thursday, June 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 6.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on DOCU shares. Bank of America cut their price target on shares of Docusign from $88.00 to $85.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. JMP Securities restated a "market outperform" rating and issued a $124.00 price target on shares of Docusign in a report on Tuesday, June 3rd. Morgan Stanley lowered their price objective on shares of Docusign from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Friday, June 6th. Wells Fargo & Company upgraded shares of Docusign from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $67.00 to $80.00 in a report on Friday, June 13th. Finally, Citigroup dropped their target price on shares of Docusign from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Monday, June 9th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, Docusign currently has a consensus rating of "Hold" and an average target price of $89.77.

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.