Wellington Management Group LLP Boosts Stock Holdings in Docusign Inc. $DOCU

Key Points

• Wellington Management Group LLP increased its stake in Docusign Inc. by 372.5%, now owning 1,826,949 shares, which is valued at approximately $148.7 million.
• Docusign's latest earnings report showed a $0.90 earnings per share, exceeding estimates and reflecting a 7.6% year-over-year revenue growth to $763.65 million.
• The company's Board of Directors has initiated a $1 billion share buyback program, indicating confidence in the stock's value and allowing the repurchase of up to 6.6% of its shares.

Wellington Management Group LLP grew its holdings in Docusign Inc. (NASDAQ:DOCU - Free Report) by 372.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,826,949 shares of the company's stock after purchasing an additional 1,440,269 shares during the quarter. Wellington Management Group LLP owned about 0.90% of Docusign worth $148,714,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Wealthspire Advisors LLC lifted its stake in Docusign by 1.9% in the 1st quarter. Wealthspire Advisors LLC now owns 6,579 shares of the company's stock worth $536,000 after purchasing an additional 122 shares in the last quarter. Foundry Partners LLC lifted its stake in Docusign by 1.5% in the 1st quarter. Foundry Partners LLC now owns 8,491 shares of the company's stock worth $691,000 after purchasing an additional 125 shares in the last quarter. Bessemer Group Inc. lifted its stake in Docusign by 27.5% in the 1st quarter. Bessemer Group Inc. now owns 602 shares of the company's stock worth $49,000 after purchasing an additional 130 shares in the last quarter. Brooklyn Investment Group lifted its stake in Docusign by 24.9% in the 1st quarter. Brooklyn Investment Group now owns 702 shares of the company's stock worth $57,000 after purchasing an additional 140 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in Docusign by 5.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 2,655 shares of the company's stock worth $216,000 after purchasing an additional 141 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Docusign

In other Docusign news, CFO Blake Jeffrey Grayson sold 15,143 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $74.80, for a total value of $1,132,696.40. Following the sale, the chief financial officer owned 110,723 shares of the company's stock, valued at $8,282,080.40. The trade was a 12.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Teresa Briggs sold 534 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $74.37, for a total value of $39,713.58. Following the completion of the sale, the director directly owned 8,805 shares in the company, valued at approximately $654,827.85. The trade was a 5.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,552 shares of company stock worth $5,983,631 in the last ninety days. 1.66% of the stock is owned by company insiders.

Docusign Stock Down 0.8%

NASDAQ DOCU traded down $0.6220 on Monday, reaching $74.1880. The stock had a trading volume of 823,324 shares, compared to its average volume of 2,573,342. The firm has a market capitalization of $14.99 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 27.92 and a beta of 1.01. Docusign Inc. has a 12-month low of $54.31 and a 12-month high of $107.86. The stock has a fifty day moving average price of $75.47 and a two-hundred day moving average price of $80.18.

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

Docusign announced that its Board of Directors has initiated a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

DOCU has been the topic of a number of research reports. Citigroup decreased their target price on shares of Docusign from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Monday, June 9th. Wells Fargo & Company raised shares of Docusign from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $67.00 to $80.00 in a research report on Friday, June 13th. JPMorgan Chase & Co. reduced their price target on shares of Docusign from $81.00 to $77.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Docusign in a research report on Friday, June 6th. Finally, Wall Street Zen lowered shares of Docusign from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Docusign has a consensus rating of "Hold" and an average price target of $89.77.

About Docusign

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.