Oak Harvest Investment Services Purchases 5,306 Shares of Docusign Inc. $DOCU

Key Points

• Oak Harvest Investment Services increased its stake in Docusign Inc. by 28.3% in Q1, raising its holdings to 24,076 shares valued at approximately $1.96 million.
• Several hedge funds significantly boosted their investments in Docusign, with Hemington Wealth Management increasing its position by 318.1% and Golden State Wealth Management by 519.4%.
• Docusign's Board of Directors initiated a $1 billion stock buyback plan on June 5th, signaling confidence in the company's stock value.

Oak Harvest Investment Services raised its position in Docusign Inc. (NASDAQ:DOCU - Free Report) by 28.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,076 shares of the company's stock after buying an additional 5,306 shares during the period. Oak Harvest Investment Services' holdings in Docusign were worth $1,960,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC boosted its holdings in shares of Docusign by 1.9% in the first quarter. Wealthspire Advisors LLC now owns 6,579 shares of the company's stock valued at $536,000 after acquiring an additional 122 shares in the last quarter. Foundry Partners LLC boosted its holdings in shares of Docusign by 1.5% in the first quarter. Foundry Partners LLC now owns 8,491 shares of the company's stock valued at $691,000 after acquiring an additional 125 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Docusign by 27.5% in the first quarter. Bessemer Group Inc. now owns 602 shares of the company's stock valued at $49,000 after acquiring an additional 130 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Docusign by 24.9% in the first quarter. Brooklyn Investment Group now owns 702 shares of the company's stock valued at $57,000 after acquiring an additional 140 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Docusign by 5.6% in the first quarter. Kingsview Wealth Management LLC now owns 2,655 shares of the company's stock valued at $216,000 after acquiring an additional 141 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on DOCU shares. JMP Securities restated a "market outperform" rating and set a $124.00 target price on shares of Docusign in a report on Tuesday, June 3rd. Wall Street Zen cut shares of Docusign from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Bank of America reduced their target price on shares of Docusign from $88.00 to $85.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Citigroup reduced their target price on shares of Docusign from $115.00 to $110.00 and set a "buy" rating for the company in a report on Monday, June 9th. Finally, UBS Group reduced their target price on shares of Docusign from $85.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $89.77.

Insider Buying and Selling at Docusign

In other news, CFO Blake Jeffrey Grayson sold 15,143 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $74.80, for a total transaction of $1,132,696.40. Following the transaction, the chief financial officer owned 110,723 shares in the company, valued at approximately $8,282,080.40. This trade represents a 12.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Chatwani sold 22,875 shares of Docusign stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $74.79, for a total transaction of $1,710,821.25. Following the completion of the transaction, the insider owned 72,126 shares in the company, valued at $5,394,303.54. This trade represents a 24.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,552 shares of company stock worth $5,983,631 over the last quarter. Company insiders own 1.01% of the company's stock.

Docusign Trading Up 3.0%

DOCU stock traded up $2.18 during midday trading on Wednesday, reaching $74.68. The company had a trading volume of 2,684,670 shares, compared to its average volume of 2,286,366. Docusign Inc. has a 1 year low of $54.31 and a 1 year high of $107.86. The company has a market capitalization of $15.09 billion, a P/E ratio of 53.70, a PEG ratio of 27.06 and a beta of 1.01. The company has a 50 day moving average of $75.37 and a two-hundred day moving average of $79.97.

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

Docusign declared that its Board of Directors has approved a stock repurchase program on Thursday, June 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

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.