Voya Investment Management LLC increased its holdings in Docusign Inc. (NASDAQ:DOCU - Free Report) by 151.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 320,772 shares of the company's stock after buying an additional 193,100 shares during the quarter. Voya Investment Management LLC owned 0.16% of Docusign worth $26,111,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DOCU. Banque Transatlantique SA bought a new stake in Docusign during the 1st quarter worth approximately $26,000. Hemington Wealth Management raised its stake in Docusign by 318.1% during the 1st quarter. Hemington Wealth Management now owns 347 shares of the company's stock worth $28,000 after acquiring an additional 264 shares during the period. Golden State Wealth Management LLC raised its stake in Docusign by 519.4% during the 1st quarter. Golden State Wealth Management LLC now owns 384 shares of the company's stock worth $31,000 after acquiring an additional 322 shares during the period. Summit Securities Group LLC bought a new stake in Docusign during the 1st quarter worth approximately $34,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Docusign during the 4th quarter worth approximately $37,000. Institutional investors own 77.64% of the company's stock.
Docusign Trading Down 0.5%
Shares of DOCU stock traded down $0.42 on Friday, reaching $84.59. The company's stock had a trading volume of 4,516,106 shares, compared to its average volume of 3,404,911. The stock's fifty day simple moving average is $76.39 and its 200-day simple moving average is $79.30. Docusign Inc. has a 1 year low of $57.58 and a 1 year high of $107.86. The company has a market capitalization of $17.01 billion, a price-to-earnings ratio of 63.60, a price-to-earnings-growth ratio of 4.46 and a beta of 1.02.
Docusign (NASDAQ:DOCU - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. Docusign had a net margin of 9.08% and a return on equity of 14.01%. The firm had revenue of $800.64 million during the quarter, compared to analyst estimates of $780.35 million. During the same period last year, the firm posted $0.97 earnings per share. Docusign's revenue for the quarter 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. Equities research analysts forecast that Docusign Inc. will post 1.17 earnings per share for the current year.
Docusign declared that its board has approved a stock repurchase program on Thursday, June 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 6.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on DOCU shares. Robert W. Baird raised their target price on shares of Docusign from $85.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, September 5th. Wells Fargo & Company raised their target price on shares of Docusign from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Friday, September 5th. Wall Street Zen upgraded shares of Docusign from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. JMP Securities reiterated a "market outperform" rating and set a $124.00 price objective on shares of Docusign in a research report on Friday, September 5th. Finally, Wedbush reduced their price objective on shares of Docusign from $100.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $94.14.
Get Our Latest Report on DOCU
Insider Transactions at Docusign
In other Docusign news, CFO Blake Jeffrey Grayson sold 9,509 shares of Docusign stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $83.10, for a total transaction of $790,197.90. Following the completion of the transaction, the chief financial officer directly owned 112,160 shares of the company's stock, valued at $9,320,496. The trade was a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Chatwani sold 13,817 shares of Docusign stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $83.10, for a total transaction of $1,148,192.70. Following the transaction, the insider directly owned 71,162 shares of the company's stock, valued at $5,913,562.20. The trade was a 16.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,533 shares of company stock valued at $6,598,028 in the last 90 days. Company insiders own 1.01% of the company's stock.
About Docusign
(
Free Report)
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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