Docusign (NASDAQ:DOCU) CFO Blake Jeffrey Grayson Sells 9,509 Shares

Key Points

• Docusign CFO Blake Jeffrey Grayson sold 9,509 shares at an average price of $83.10, totaling approximately $790,198, which represents a 7.82% decrease in his position.
• The company reported $800.64 million in revenue for the last quarter, exceeding estimates and achieving an 8.8% year-over-year growth.
• Docusign has a stock repurchase program approved for up to $1 billion, indicating management's belief that the shares are undervalued.

Docusign Inc. (NASDAQ:DOCU - Get Free Report) CFO Blake Jeffrey Grayson sold 9,509 shares of Docusign stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $83.10, for a total value of $790,197.90. Following the completion of the sale, the chief financial officer 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 SEC, which is available through the SEC website.

Docusign Price Performance

NASDAQ DOCU traded down $0.42 during trading hours on Friday, hitting $84.59. The company's stock had a trading volume of 4,516,106 shares, compared to its average volume of 2,700,885. Docusign Inc. has a 12 month low of $57.58 and a 12 month high of $107.86. The company's 50 day simple moving average is $76.17 and its two-hundred day simple moving average is $79.28. The company has a market cap of $17.01 billion, a P/E ratio of 63.60, a price-to-earnings-growth ratio of 4.43 and a beta of 1.02.

Docusign (NASDAQ:DOCU - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.84 by $0.08. Docusign had a return on equity of 14.01% and a net margin of 9.08%.The company had revenue of $800.64 million during the quarter, compared to the consensus estimate of $780.35 million. During the same period last year, the company earned $0.97 EPS. Docusign's revenue for the quarter was up 8.8% on a year-over-year basis. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts predict that Docusign Inc. will post 1.17 earnings per share for the current fiscal year.

Docusign announced that its board has approved a stock repurchase program on Thursday, June 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DOCU. Norges Bank purchased a new position in shares of Docusign during the 2nd quarter valued at about $140,987,000. Wellington Management Group LLP lifted its position in shares of Docusign by 372.5% during the 1st quarter. Wellington Management Group LLP now owns 1,826,949 shares of the company's stock valued at $148,714,000 after buying an additional 1,440,269 shares in the last quarter. Duquesne Family Office LLC purchased a new position in shares of Docusign during the 1st quarter valued at about $87,477,000. Pacer Advisors Inc. lifted its position in shares of Docusign by 809.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,167,290 shares of the company's stock valued at $95,017,000 after buying an additional 1,038,962 shares in the last quarter. Finally, Third Point LLC purchased a new position in shares of Docusign during the 2nd quarter valued at about $48,681,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Docusign from $80.00 to $85.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Wedbush cut their price target on Docusign from $100.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, June 12th. Robert W. Baird boosted their price target on Docusign from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. Wall Street Zen upgraded Docusign from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, JPMorgan Chase & Co. boosted their price target on Docusign from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $94.14.

Docusign Company Profile

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.