State of Alaska Department of Revenue Has $2.94 Million Position in Docusign Inc. $DOCU

Key Points

• The State of Alaska Department of Revenue increased its investment in Docusign Inc. by 59.6% during the second quarter, holding a total of 37,780 shares valued at approximately $2.94 million as per its latest SEC filing.
• Docusign recently reported earnings of $0.92 EPS, which exceeded analyst expectations of $0.84, alongside a revenue of $800.64 million, reflecting an 8.8% year-over-year growth.
• The company's board has approved a $1 billion stock buyback program, indicating confidence in its stock valuation and authorizing the repurchase of up to 6.6% of its outstanding shares.

State of Alaska Department of Revenue raised its stake in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 59.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,780 shares of the company's stock after buying an additional 14,105 shares during the period. State of Alaska Department of Revenue's holdings in Docusign were worth $2,942,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC boosted its stake in shares of Docusign by 738.2% during the 1st quarter. New Age Alpha Advisors LLC now owns 41,187 shares of the company's stock valued at $3,353,000 after buying an additional 36,273 shares during the period. Pinpoint Asset Management Ltd boosted its stake in shares of Docusign by 54.3% during the 1st quarter. Pinpoint Asset Management Ltd now owns 56,985 shares of the company's stock valued at $4,639,000 after buying an additional 20,043 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of Docusign during the 1st quarter valued at $618,000. Gilman Hill Asset Management LLC boosted its stake in shares of Docusign by 4.9% during the 1st quarter. Gilman Hill Asset Management LLC now owns 84,326 shares of the company's stock valued at $6,864,000 after buying an additional 3,904 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of Docusign by 1.7% during the 1st quarter. Blair William & Co. IL now owns 387,542 shares of the company's stock valued at $31,546,000 after buying an additional 6,460 shares during the period. Institutional investors and hedge funds own 77.64% of the company's stock.

Insider Activity at Docusign

In other news, CFO Blake Jeffrey Grayson sold 9,509 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $83.10, for a total transaction of $790,197.90. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anna Marrs sold 728 shares of the business's 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,533 shares of company stock worth $3,497,628. Insiders own 1.66% of the company's stock.

Docusign Price Performance

Shares of DOCU opened at $72.09 on Wednesday. The company has a market capitalization of $14.50 billion, a PE ratio of 54.20, a price-to-earnings-growth ratio of 4.08 and a beta of 1.02. Docusign Inc. has a one year low of $60.60 and a one year high of $107.86. The company's fifty day moving average price is $76.87 and its 200 day moving average price is $79.37.

Docusign (NASDAQ:DOCU - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.84 by $0.08. The firm had revenue of $800.64 million for the quarter, compared to the consensus estimate of $780.35 million. Docusign had a net margin of 9.08% and a return on equity of 14.01%. The business's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts anticipate that Docusign Inc. will post 1.17 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DOCU shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Docusign in a research note on Friday, September 5th. Argus reaffirmed a "hold" rating on shares of Docusign in a research note on Monday, September 8th. Morgan Stanley lifted their price objective on shares of Docusign from $86.00 to $90.00 and gave the company an "equal weight" rating in a research note on Monday, September 8th. Robert W. Baird lifted their price objective on shares of Docusign from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. Finally, Wells Fargo & Company lifted their price objective on shares of Docusign from $80.00 to $85.00 and gave the company an "equal weight" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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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