VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Docusign Inc. $DOCU

Key Points

• Virginia Retirement Systems bought 73,100 DocuSign shares worth approximately $3.25 million in the second quarter. Institutional ownership now stands at 77.64%, with BlackRock and California State Teachers’ Retirement System also making significant investments.
• DocuSign exceeded quarterly expectations, reporting $1.16 in EPS and $875.75 million in revenue, up 9.4% year over year. Its AI-powered Intelligent Agreement Management platform now generates more than 15% of recurring revenue.
• Insiders sold 135,602 shares worth $7.4 million over the past three months, while analysts remain cautious: DocuSign has a consensus “Hold” rating and an average price target of $67.33.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 73,100 shares of the company's stock, valued at approximately $3,247,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Docusign during the 2nd quarter worth $927,059,000. California State Teachers Retirement System grew its stake in shares of Docusign by 4,016.6% during the second quarter. California State Teachers Retirement System now owns 9,960,652 shares of the company's stock valued at $442,452,000 after acquiring an additional 9,718,686 shares in the last quarter. Norges Bank purchased a new stake in shares of Docusign during the fourth quarter worth about $186,795,000. Arrowstreet Capital Limited Partnership increased its position in shares of Docusign by 76.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,285,128 shares of the company's stock worth $250,568,000 after acquiring an additional 2,283,996 shares during the last quarter. Finally, Capital World Investors lifted its stake in shares of Docusign by 38.1% in the fourth quarter. Capital World Investors now owns 5,815,804 shares of the company's stock worth $397,801,000 after acquiring an additional 1,603,900 shares in the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Robert Chatwani sold 15,902 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 72,805 shares of the company's stock, valued at approximately $3,131,343.05. This represents a 17.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Blake Grayson sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $70.00, for a total value of $2,100,000.00. Following the completion of the sale, the chief financial officer directly owned 96,429 shares in the company, valued at approximately $6,750,030. This trade represents a 23.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 135,602 shares of company stock worth $7,407,299. Corporate insiders own 0.59% of the company's stock.

Wall Street Analyst Weigh In

DOCU has been the subject of a number of recent analyst reports. BTIG Research raised their price objective on Docusign from $60.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. Bank of America increased their target price on Docusign from $58.00 to $64.00 and gave the company an "underperform" rating in a research note on Friday, September 4th. Wedbush decreased their price target on shares of Docusign from $60.00 to $58.00 and set a "neutral" rating for the company in a research report on Friday, June 5th. Citizens Jmp restated a "market outperform" rating and issued a $86.00 price target on shares of Docusign in a research note on Friday, September 4th. Finally, Piper Sandler upped their price target on shares of Docusign from $52.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $67.33.

Docusign Trading Down 1.0%

DOCU stock opened at $64.45 on Thursday. The firm has a market cap of $12.05 billion, a P/E ratio of 39.30, a P/E/G ratio of 2.51 and a beta of 0.90. Docusign Inc. has a 12-month low of $40.16 and a 12-month high of $86.65. The stock's 50 day simple moving average is $56.95 and its 200 day simple moving average is $50.35.

Docusign (NASDAQ:DOCU - Get Free Report) last released 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. Docusign had a net margin of 9.82% and a return on equity of 18.29%. The firm had revenue of $875.75 million during the quarter, compared to the consensus estimate of $867.22 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The firm's revenue was up 9.4% on a year-over-year basis. On average, research analysts forecast that Docusign Inc. will post 2.05 EPS for the current fiscal year.

Docusign News Summary

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Docusign’s AI strategy is gaining traction: its Intelligent Agreement Management platform now generates more than 15% of recurring revenue. The company recently exceeded quarterly earnings and revenue estimates and raised its guidance, easing concerns that artificial intelligence could disrupt its core e-signature business. Docusign’s AI Push Is Giving Investors a Reason to Rethink the Stock
• Positive Sentiment: The company unveiled an open Model Context Protocol server designed to improve integrations between enterprise AI tools and Docusign’s platform. The initiative could support broader adoption of its digital-contract and workflow products. DocuSign unveils open MCP server
• Neutral Sentiment: Analysts have raised several price targets following the earnings report, including Piper Sandler to $75 and Robert W. Baird to $72. However, both maintained neutral ratings. Docusign’s consensus rating remains “Hold,” with an average target of $67.33, indicating limited near-term upside at recent trading levels.
• Negative Sentiment: CFO Blake Grayson disclosed multiple sales totaling 45,000 shares for approximately $3.1 million, reducing his direct holdings by roughly 36% across the reported transactions. Although the sales were executed under a pre-arranged Rule 10b5-1 plan, the size and concentration of the disposals may weigh on investor sentiment, particularly as the stock has declined over the past year. DocuSign CFO Sells 45,000 Shares

Docusign Profile

Docusign, Inc NASDAQ: DOCU is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, Docusign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, Docusign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

Docusign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.

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