Docusign Inc. $DOCU Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC decreased its holdings in shares of Docusign Inc. (NASDAQ:DOCU) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,812 shares of the company’s stock after selling 152 shares during the period. Flagship Harbor Advisors LLC’s holdings in Docusign were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jennison Associates LLC increased its position in Docusign by 6.8% during the 2nd quarter. Jennison Associates LLC now owns 708,149 shares of the company’s stock worth $55,158,000 after purchasing an additional 45,332 shares during the period. Motley Fool Asset Management LLC increased its position in Docusign by 11.7% during the 2nd quarter. Motley Fool Asset Management LLC now owns 6,448 shares of the company’s stock worth $502,000 after purchasing an additional 673 shares during the period. Envestnet Asset Management Inc. increased its position in Docusign by 58.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 281,525 shares of the company’s stock worth $21,928,000 after purchasing an additional 104,293 shares during the period. Wealthfront Advisers LLC increased its position in Docusign by 8.1% during the 2nd quarter. Wealthfront Advisers LLC now owns 3,983 shares of the company’s stock worth $310,000 after purchasing an additional 297 shares during the period. Finally, Resonant Capital Advisors LLC increased its position in Docusign by 2.5% during the 2nd quarter. Resonant Capital Advisors LLC now owns 18,245 shares of the company’s stock worth $1,421,000 after purchasing an additional 448 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Transactions at Docusign

In related news, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $71.19, for a total value of $533,925.00. Following the sale, the insider owned 55,442 shares of the company’s stock, valued at approximately $3,946,915.98. This represents a 11.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Paula Hansen sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $71.33, for a total value of $427,980.00. Following the completion of the sale, the executive directly owned 58,968 shares in the company, valued at approximately $4,206,187.44. The trade was a 9.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 102,533 shares of company stock worth $7,709,933 in the last quarter. Insiders own 1.01% of the company’s stock.

Docusign Price Performance

DOCU opened at $73.14 on Friday. The stock has a market cap of $14.71 billion, a P/E ratio of 54.99, a P/E/G ratio of 3.56 and a beta of 1.02. The stock’s 50 day simple moving average is $75.16 and its 200 day simple moving average is $77.72. Docusign Inc. has a 1-year low of $66.35 and a 1-year high of $107.86.

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

Analyst Ratings Changes

Several research firms have issued reports on DOCU. UBS Group set a $95.00 target price on Docusign in a research report on Friday, September 5th. Citigroup boosted their target price on Docusign from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, September 4th. Wells Fargo & Company boosted their target price on Docusign from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Wall Street Zen upgraded Docusign from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Docusign in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.