Blake Jeffrey Grayson Sells 6,500 Shares of Docusign (NASDAQ:DOCU) Stock

Docusign Inc. (NASDAQ:DOCU) CFO Blake Jeffrey Grayson sold 6,500 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $71.20, for a total transaction of $462,800.00. Following the completion of the transaction, the chief financial officer owned 105,660 shares in the company, valued at approximately $7,522,992. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Blake Jeffrey Grayson also recently made the following trade(s):

• On Wednesday, September 17th, Blake Jeffrey Grayson sold 9,509 shares of Docusign stock. The stock was sold at an average price of $83.10, for a total transaction of $790,197.90.

Docusign Price Performance

Shares of Docusign stock opened at $68.10 on Friday. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 51.20, a PEG ratio of 3.43 and a beta of 1.02. The firm’s 50-day moving average is $76.37 and its two-hundred day moving average is $79.20. Docusign Inc. has a 1 year low of $61.91 and a 1 year high of $107.86.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.08. The firm had revenue of $800.64 million during the quarter, compared to analysts’ expectations of $780.35 million. Docusign had a net margin of 9.08% and a return on equity of 14.01%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 EPS. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts expect that Docusign Inc. will post 1.17 earnings per share for the current year.

Docusign announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oak Family Advisors LLC lifted its position in shares of Docusign by 37.2% during the 2nd quarter. Oak Family Advisors LLC now owns 95,134 shares of the company’s stock valued at $7,410,000 after buying an additional 25,795 shares in the last quarter. New Age Alpha Advisors LLC lifted its position in shares of Docusign by 738.2% during the 1st quarter. New Age Alpha Advisors LLC now owns 41,187 shares of the company’s stock valued at $3,353,000 after buying an additional 36,273 shares in the last quarter. Pinpoint Asset Management Ltd lifted its position in shares of Docusign by 54.3% during the 1st quarter. Pinpoint Asset Management Ltd now owns 56,985 shares of the company’s stock valued at $4,639,000 after buying an additional 20,043 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Docusign during the 1st quarter valued at approximately $618,000. Finally, Gilman Hill Asset Management LLC lifted its position in shares of Docusign by 4.9% during the 1st quarter. Gilman Hill Asset Management LLC now owns 84,326 shares of the company’s stock valued at $6,864,000 after buying an additional 3,904 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank Of Canada boosted their price target on Docusign from $90.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Friday, September 5th. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a research report on Friday, September 5th. Zacks Research upgraded shares of Docusign from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 9th. Wells Fargo & Company boosted their price objective 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. Finally, Wall Street Zen upgraded shares of Docusign from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, Docusign currently has an average rating of “Hold” and a consensus price target of $94.14.

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.