WINTON GROUP Ltd Sells 128,865 Shares of Docusign Inc. $DOCU

Key Points

• WINTON GROUP Ltd cut its Docusign stake by 65.9%, selling 128,865 shares and retaining 66,584 shares valued at approximately $2.96 million. Other major institutions, including BlackRock and California State Teachers Retirement System, increased or initiated positions; institutional investors own 77.64% of DOCU.
• Docusign beat quarterly expectations with $1.16 EPS and $875.75 million in revenue, while revenue grew 9.4% year over year. Its Intelligent Agreement Management platform contributed 15.1% of annual recurring revenue, although the stock still declined slightly after the results.
• Company insiders sold shares, including the CFO’s $983,550 sale and the CEO’s $1.21 million sale, with insiders selling 182,150 shares worth $10.4 million in the quarter. Wall Street’s consensus rating remains “Hold,” with an average price target of $67.33.

WINTON GROUP Ltd reduced its stake in shares of Docusign Inc. (NASDAQ:DOCU - Free Report) by 65.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,584 shares of the company's stock after selling 128,865 shares during the quarter. WINTON GROUP Ltd's holdings in Docusign were worth $2,958,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DOCU. BlackRock Inc. bought a new stake in Docusign during the second quarter worth $927,059,000. California State Teachers Retirement System raised its holdings in shares of Docusign by 4,016.6% during the 2nd quarter. California State Teachers Retirement System now owns 9,960,652 shares of the company's stock worth $442,452,000 after buying an additional 9,718,686 shares in the last quarter. State Street Corp lifted its position in shares of Docusign by 0.9% during the 4th quarter. State Street Corp now owns 8,193,805 shares of the company's stock worth $560,456,000 after buying an additional 77,008 shares during the last quarter. Capital World Investors boosted its stake in Docusign by 38.1% in the fourth quarter. Capital World Investors now owns 5,815,804 shares of the company's stock valued at $397,801,000 after buying an additional 1,603,900 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in 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 acquiring an additional 2,283,996 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

Insider Buying and Selling

In related news, CFO Blake Grayson sold 15,000 shares of the business's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $65.57, for a total value of $983,550.00. Following the sale, the chief financial officer directly owned 81,429 shares in the company, valued at approximately $5,339,299.53. The trade was a 15.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Allan Thygesen sold 26,250 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $46.02, for a total transaction of $1,208,025.00. Following the sale, the chief executive officer directly owned 159,038 shares in the company, valued at approximately $7,318,928.76. This trade represents a 14.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 182,150 shares of company stock worth $10,443,740 in the last quarter. 0.59% of the stock is currently owned by company insiders.

Key Headlines Impacting Docusign

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Docusign reported quarterly earnings and revenue above analyst estimates, while revenue grew 9.4% year over year. Management also highlighted margin gains, stronger cash flow and continued IAM adoption. Docusign Declines After Beating Q2 Earnings and Revenue Estimates
• Positive Sentiment: The IAM platform now represents 15.1% of annual recurring revenue, suggesting Docusign is using AI to expand beyond traditional electronic signatures and potentially increase customer value. Docusign Q2 2027 Earnings Call Transcript
• Positive Sentiment: Docusign and Stephen Curry’s UNDERRATED Golf announced a “Where Deals Get Done” partnership. The marketing agreement may support brand visibility, although its direct financial impact was not disclosed. Stephen Curry's UNDERRATED Golf and Docusign Partnership
• Neutral Sentiment: Reported short interest was zero shares, indicating little evidence of an active short-selling position or near-term short-squeeze potential.
• Negative Sentiment: DOCU declined despite the earnings and revenue beat, suggesting investors may have already priced in the strong results or remain cautious about the pace of IAM adoption and future growth. Docusign Declines After Earnings Beat
• Negative Sentiment: Director Peter Solvik sold 46,000 shares worth approximately $3.0 million, reducing his holdings by 48.14%. Director Teresa Briggs also sold shares, though her transaction was executed under a pre-arranged Rule 10b5-1 plan. These sales can weigh on sentiment, even though they do not necessarily signal deteriorating fundamentals.

Docusign Stock Down 0.2%

DOCU stock opened at $65.65 on Friday. Docusign Inc. has a 12-month low of $40.16 and a 12-month high of $86.65. The firm has a market cap of $12.27 billion, a PE ratio of 40.03, a P/E/G ratio of 2.48 and a beta of 0.90. The business has a 50 day moving average of $57.75 and a 200-day moving average of $50.61.

Docusign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share 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 company had revenue of $875.75 million for the quarter, compared to the consensus estimate of $867.22 million. During the same period in the previous year, the firm earned $0.30 EPS. The firm's quarterly revenue was up 9.4% on a year-over-year basis. On average, research analysts expect that Docusign Inc. will post 2.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Docusign from $58.00 to $64.00 and gave the company an "underperform" rating in a report on Friday, September 4th. Citigroup lifted their price objective on Docusign from $54.00 to $72.00 and gave the stock a "neutral" rating in a research note on Friday, September 4th. Wall Street Zen cut shares of Docusign from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 2nd. UBS Group raised their price objective on shares of Docusign from $54.00 to $70.00 and gave the stock a "neutral" rating in a research report on Friday, September 4th. Finally, Wells Fargo & Company upped their price target on Docusign from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note 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. Based on data from MarketBeat, Docusign has an average rating of "Hold" and a consensus target price of $67.33.

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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