Oak Family Advisors LLC Acquires 25,795 Shares of Docusign Inc. $DOCU

Key Points

• Oak Family Advisors LLC has increased its holdings in Docusign Inc. by 37.2%, acquiring an additional 25,795 shares, bringing its total to 95,134 shares, valued at approximately $7.41 million.
• Docusign reported $0.92 EPS for the last quarter, surpassing the consensus estimate of $0.84, with a quarterly revenue of $800.64 million, an 8.8% increase year-over-year.
• The company has authorized a $1 billion stock repurchase program, indicating that the Board believes its shares are currently undervalued.

Oak Family Advisors LLC increased its holdings in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 37.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 95,134 shares of the company's stock after buying an additional 25,795 shares during the quarter. Docusign accounts for about 2.3% of Oak Family Advisors LLC's holdings, making the stock its 12th biggest holding. Oak Family Advisors LLC's holdings in Docusign were worth $7,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DOCU. Palogic Value Management L.P. grew its stake in Docusign by 2.2% during the first quarter. Palogic Value Management L.P. now owns 5,438 shares of the company's stock worth $443,000 after purchasing an additional 117 shares during the period. Wealthspire Advisors LLC lifted its holdings in Docusign by 1.9% during the first quarter. Wealthspire Advisors LLC now owns 6,579 shares of the company's stock worth $536,000 after acquiring an additional 122 shares during the period. Foundry Partners LLC lifted its holdings in Docusign by 1.5% during the first quarter. Foundry Partners LLC now owns 8,491 shares of the company's stock worth $691,000 after acquiring an additional 125 shares during the period. Bessemer Group Inc. lifted its holdings in Docusign by 27.5% during the first quarter. Bessemer Group Inc. now owns 602 shares of the company's stock worth $49,000 after acquiring an additional 130 shares during the period. Finally, Brooklyn Investment Group lifted its holdings in Docusign by 24.9% during the first quarter. Brooklyn Investment Group now owns 702 shares of the company's stock worth $57,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 77.64% of the company's stock.

Docusign Stock Up 0.8%

NASDAQ DOCU opened at $82.14 on Tuesday. Docusign Inc. has a 52 week low of $60.60 and a 52 week high of $107.86. The firm has a market capitalization of $16.52 billion, a P/E ratio of 61.76, a PEG ratio of 4.27 and a beta of 1.02. The company has a 50-day moving average price of $77.05 and a 200-day moving average price of $79.42.

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

Docusign announced that its Board of Directors has authorized a stock repurchase program on Thursday, June 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

DOCU has been the subject of a number of recent research reports. Royal Bank Of Canada raised their target price on Docusign from $90.00 to $95.00 and gave the stock a "sector perform" rating in a research report on Friday, September 5th. Wedbush dropped their price target on Docusign from $100.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, June 12th. UBS Group set a $95.00 target price on Docusign in a research note on Friday, September 5th. Citigroup boosted their target price on Docusign from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. Finally, Bank of America upped their price target on Docusign from $85.00 to $102.00 and gave the company a "neutral" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $94.14.

Insider Transactions at Docusign

In related news, Director Anna Marrs sold 728 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $80.30, for a total value of $58,458.40. Following the completion of the sale, the director directly owned 10,799 shares in the company, valued at $867,159.70. This trade represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Blake Jeffrey Grayson sold 9,509 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $83.10, for a total value of $790,197.90. Following the completion of the sale, the chief financial officer owned 112,160 shares in the company, valued at approximately $9,320,496. The trade was a 7.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,533 shares of company stock valued at $3,497,628 in the last 90 days. Company insiders own 1.66% of the company's stock.

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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