Tidal Investments LLC Has $1.96 Million Holdings in Docusign Inc. $DOCU

Key Points

• Tidal Investments reduced its Docusign stake by 35.4% in the second quarter, selling 24,150 shares and retaining 44,130 shares valued at approximately $1.96 million. Institutional investors and hedge funds collectively own 77.64% of DOCU.
• Docusign reported quarterly results above expectations, with $875.75 million in revenue and adjusted EPS of $1.16, while revenue grew 9.4% year over year. The company continues to emphasize AI-powered agreement workflows and has completed a $2.38 billion share-repurchase program.
• Analyst sentiment remains cautious: the consensus rating is “Hold” with a target price of $67.33, while DOCU trades near $70.40 at roughly 43 times earnings. Several analysts cited valuation concerns despite improved earnings and growth expectations.

Tidal Investments LLC decreased its holdings in Docusign Inc. (NASDAQ:DOCU - Free Report) by 35.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,130 shares of the company's stock after selling 24,150 shares during the period. Tidal Investments LLC's holdings in Docusign were worth $1,960,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Docusign in the 2nd quarter valued at $927,059,000. Norges Bank acquired a new position in shares of Docusign in the fourth quarter valued at $186,795,000. Arrowstreet Capital Limited Partnership raised its position in shares of Docusign by 76.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,285,128 shares of the company's stock valued at $250,568,000 after purchasing an additional 2,283,996 shares during the period. Capital World Investors lifted its stake in shares of Docusign by 38.1% during the 4th quarter. Capital World Investors now owns 5,815,804 shares of the company's stock worth $397,801,000 after buying an additional 1,603,900 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Docusign during the 2nd quarter worth about $56,219,000. 77.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Evercore set a $65.00 price objective on shares of Docusign in a research report on Friday, September 4th. Weiss Ratings upgraded Docusign from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 25th. Wells Fargo & Company lifted their target price on Docusign from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, September 4th. Robert W. Baird boosted their target price on shares of Docusign from $55.00 to $72.00 and gave the company a "neutral" rating in a research report on Friday, September 4th. Finally, Bank of America boosted their target price on shares of Docusign from $58.00 to $64.00 and gave the company an "underperform" rating in a research report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $67.33.

Key Stories Impacting Docusign

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: DocuSign was named a Leader in the 2026 IDC MarketScape for Worldwide Integrated Signing Workflow Software. The recognition supports the company’s competitive standing as it expands Intelligent Agreement Management and AI-powered workflows. DocuSign Named a Leader in the IDC MarketScape
• Positive Sentiment: Investors continue to focus on DocuSign’s AI initiatives, including integrations with AI agents and its Model Context Protocol Server. The company also raised full-year revenue guidance and completed a $2.38 billion share-repurchase program covering more than 20% of its shares, which could support earnings per share and shareholder returns. DocuSign’s AI Push and Buyback
• Positive Sentiment: The consensus analyst price target rose 17.43% to $71.83, reflecting improved expectations for DOCU’s outlook. Recent quarterly results also exceeded forecasts, with $875.75 million in revenue, $1.16 in adjusted EPS and 9.4% year-over-year revenue growth. DocuSign Consensus Price Target Raised
• Neutral Sentiment: Director Mary Agnes Wilderotter sold 1,096 shares for approximately $77,378, reducing her position by 25.52%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, making it less informative about management’s current outlook. SEC Insider Trading Filing
• Neutral Sentiment: Director Anna Marrs separately sold 548 shares for about $36,716 under a 10b5-1 plan. The sale represented only 3.89% of her holdings and is unlikely, by itself, to indicate a change in business expectations. SEC Insider Trading Filing
• Negative Sentiment: Despite the improved outlook, DOCU trades at a relatively elevated valuation—roughly 43 times earnings—and the average analyst rating remains “Hold,” with several firms maintaining neutral or underperform ratings. This may limit upside after the recent rally.

Docusign Price Performance

Shares of NASDAQ:DOCU opened at $70.40 on Thursday. The company has a market capitalization of $13.16 billion, a P/E ratio of 42.93, a P/E/G ratio of 2.70 and a beta of 0.90. Docusign Inc. has a 1 year low of $40.16 and a 1 year high of $86.65. The business's 50 day simple moving average is $59.16 and its 200 day simple moving average is $51.23.

Docusign (NASDAQ:DOCU - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.07. The firm had revenue of $875.75 million for the quarter, compared to analyst estimates of $867.22 million. Docusign had a return on equity of 18.29% and a net margin of 9.82%.The company's revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. On average, sell-side analysts anticipate that Docusign Inc. will post 2.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider James P. Shaughnessy sold 12,000 shares of the business's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total transaction of $546,480.00. Following the completion of the transaction, the insider owned 52,815 shares of the company's stock, valued at approximately $2,405,195.10. The trade was a 18.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Chatwani sold 15,902 shares of the company's stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $43.01, for a total transaction of $683,945.02. Following the transaction, the insider owned 72,805 shares of the company's stock, valued at $3,131,343.05. This trade represents a 17.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 183,794 shares of company stock valued at $10,557,833 in the last ninety days. Insiders own 0.59% of the company's stock.

Docusign Company Profile

DocuSign, Inc is a provider of digital agreement management and electronic signature solutions. Its platform enables individuals and organizations to prepare, send, sign, manage and store agreements electronically, helping businesses replace paper-based contracting processes with digital workflows.

The company's products and services include DocuSign eSignature, which supports electronic signing and authentication, as well as tools for contract lifecycle management, agreement preparation, identity verification, notarial services and workflow automation.

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