Profund Advisors LLC Decreases Position in Docusign Inc. $DOCU

Profund Advisors LLC lessened its stake in Docusign Inc. (NASDAQ:DOCU) by 24.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,660 shares of the company’s stock after selling 4,053 shares during the quarter. Profund Advisors LLC’s holdings in Docusign were worth $986,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Brown Advisory Inc. purchased a new stake in Docusign in the first quarter worth $285,000. Alps Advisors Inc. bought a new position in shares of Docusign during the 1st quarter worth $351,000. Cerity Partners LLC increased its holdings in Docusign by 10.6% in the 1st quarter. Cerity Partners LLC now owns 111,507 shares of the company’s stock worth $9,077,000 after acquiring an additional 10,696 shares during the last quarter. Ballentine Partners LLC raised its stake in Docusign by 5.6% in the 1st quarter. Ballentine Partners LLC now owns 3,262 shares of the company’s stock valued at $266,000 after acquiring an additional 174 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Docusign by 148.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 590,762 shares of the company’s stock valued at $48,088,000 after acquiring an additional 353,320 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Transactions at Docusign

In related news, CFO Blake Jeffrey Grayson sold 9,509 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $83.10, for a total value of $790,197.90. Following the completion of the transaction, the chief financial officer directly owned 112,160 shares in the company, valued at approximately $9,320,496. The trade was a 7.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Chatwani sold 13,817 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $83.10, for a total value of $1,148,192.70. Following the completion of the transaction, the insider directly owned 71,162 shares in the company, valued at approximately $5,913,562.20. This represents a 16.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 102,533 shares of company stock worth $7,709,933. Company insiders own 1.66% of the company’s stock.

Docusign Stock Down 1.1%

Docusign stock opened at $68.85 on Wednesday. The stock has a market cap of $13.85 billion, a price-to-earnings ratio of 51.77, a PEG ratio of 3.46 and a beta of 1.01. The business has a 50-day simple moving average of $74.53 and a 200 day simple moving average of $77.40. Docusign Inc. has a 52 week low of $66.35 and a 52 week high of $107.86.

Docusign (NASDAQ:DOCU) last issued 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. The company had revenue of $800.64 million during the quarter, compared to analyst estimates of $780.35 million. Docusign had a return on equity of 14.01% and a net margin of 9.08%.Docusign’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. On average, research analysts anticipate that Docusign Inc. will post 1.17 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on DOCU. Evercore ISI increased their target price on shares of Docusign from $90.00 to $92.00 and gave the stock an “in-line” rating in a research report on Friday, September 5th. Morgan Stanley raised their price objective on shares of Docusign from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, September 8th. Wall Street Zen raised shares of Docusign from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $124.00 price target on shares of Docusign in a report on Friday, October 3rd. Finally, Bank of America lifted their price target on Docusign from $85.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Docusign currently 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.