Docusign (NASDAQ:DOCU) CFO Sells $2,100,000.00 in Stock

Docusign Inc. (NASDAQ:DOCU) CFO Blake Grayson sold 30,000 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $70.00, for a total value of $2,100,000.00. Following the completion of the sale, the chief financial officer owned 96,429 shares of the company’s stock, valued at approximately $6,750,030. This trade represents a 23.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Blake Grayson sold 15,000 shares of Docusign stock. The shares were sold at an average price of $65.57, for a total value of $983,550.00.
• On Friday, August 7th, Blake Grayson sold 15,000 shares of Docusign stock. The stock was sold at an average price of $60.00, for a total value of $900,000.00.
• On Wednesday, July 1st, Blake Grayson sold 15,000 shares of Docusign stock. The shares were sold at an average price of $45.55, for a total transaction of $683,250.00.

Docusign Trading Up 2.1%

Shares of NASDAQ DOCU opened at $65.80 on Friday. The firm has a fifty day simple moving average of $57.35 and a two-hundred day simple moving average of $50.50. Docusign Inc. has a 12 month low of $40.16 and a 12 month high of $86.65. The firm has a market capitalization of $12.30 billion, a PE ratio of 40.12, a price-to-earnings-growth ratio of 2.44 and a beta of 0.90.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $867.22 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. Docusign’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that Docusign Inc. will post 2.09 earnings per share for the current year.

Institutional Investors Weigh In On Docusign

A number of institutional investors have recently modified their holdings of DOCU. BlackRock Inc. bought a new position in Docusign during the 2nd quarter valued at about $927,059,000. California State Teachers Retirement System raised its holdings in shares of Docusign by 4,016.6% during the second quarter. California State Teachers Retirement System now owns 9,960,652 shares of the company’s stock valued at $442,452,000 after purchasing an additional 9,718,686 shares during the last quarter. Norges Bank purchased a new position in shares of Docusign during the fourth quarter valued at approximately $186,795,000. Arrowstreet Capital Limited Partnership lifted its position in Docusign by 76.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,285,128 shares of the company’s stock valued at $250,568,000 after purchasing an additional 2,283,996 shares during the period. Finally, Capital World Investors lifted its position in Docusign by 38.1% during the fourth quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock valued at $397,801,000 after purchasing an additional 1,603,900 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Key Docusign News

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Docusign announced a “Where Deals Get Done” partnership with Stephen Curry’s UNDERRATED Golf, potentially strengthening brand visibility and customer engagement. Stephen Curry’s UNDERRATED Golf and Docusign Partnership
• Positive Sentiment: Management highlighted continued artificial-intelligence adoption and said the Intelligent Agreement Management platform now represents 15.1% of annual recurring revenue. Strong enterprise adoption and expanding platform usage support the longer-term growth case. Docusign Q2 2027 Earnings Call Transcript
• Positive Sentiment: Docusign’s latest quarterly results exceeded expectations, with earnings per share of $1.16 versus a $1.09 consensus estimate and revenue of $875.75 million versus $867.22 million expected. Revenue grew 9.4% year over year, while margin improvement and stronger cash flow also supported the investment narrative. Docusign Earnings Results

Analyst Ratings Changes

Several equities research analysts recently weighed in on DOCU shares. Wedbush dropped their price target on Docusign from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Evercore set a $65.00 price objective on Docusign in a report on Friday, September 4th. Weiss Ratings raised Docusign from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Citigroup boosted their target price on shares of Docusign from $54.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Finally, Morgan Stanley upped their target price on shares of Docusign from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.33.

About Docusign

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.