Teresa Briggs Sells 365 Shares of Docusign (NASDAQ:DOCU) Stock

Docusign Inc. (NASDAQ:DOCU) Director Teresa Briggs sold 365 shares of Docusign stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $50.04, for a total value of $18,264.60. Following the transaction, the director owned 10,263 shares of the company’s stock, valued at $513,560.52. The trade was a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Docusign Stock Down 4.9%

NASDAQ:DOCU opened at $52.40 on Thursday. Docusign Inc. has a 52 week low of $40.16 and a 52 week high of $94.67. The stock’s 50-day moving average price is $47.64 and its 200-day moving average price is $54.33. The stock has a market capitalization of $10.18 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 2.10 and a beta of 0.92.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings results on Tuesday, March 17th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. Docusign had a return on equity of 16.86% and a net margin of 9.60%.The firm had revenue of $836.86 million during the quarter, compared to analyst estimates of $828.23 million. During the same quarter in the previous year, the business earned $0.86 EPS. Docusign’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts expect that Docusign Inc. will post 1.76 earnings per share for the current fiscal year.

Docusign declared that its Board of Directors has authorized a stock buyback plan on Tuesday, March 17th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to reacquire up to 21% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Weiss Ratings lowered Docusign from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 15th. Piper Sandler cut their price target on Docusign from $75.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Citigroup lowered Docusign from a “buy” rating to a “neutral” rating and cut their price target for the company from $99.00 to $50.00 in a research note on Friday, April 10th. Jefferies Financial Group lowered Docusign from a “buy” rating to a “hold” rating and cut their price target for the company from $105.00 to $45.00 in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada lowered their price objective on Docusign from $70.00 to $55.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 18th. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.40.

Institutional Investors Weigh In On Docusign

Institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Docusign during the 4th quarter worth approximately $186,795,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Docusign by 76.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,285,128 shares of the company’s stock worth $250,568,000 after purchasing an additional 2,283,996 shares during the last quarter. Capital World Investors boosted its holdings in shares of Docusign by 38.1% during the 4th quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock worth $397,801,000 after purchasing an additional 1,603,900 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Docusign by 452.3% during the 1st quarter. SG Americas Securities LLC now owns 1,314,632 shares of the company’s stock worth $62,327,000 after purchasing an additional 1,076,622 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of Docusign by 24,412.7% during the 3rd quarter. Woodline Partners LP now owns 958,938 shares of the company’s stock worth $69,130,000 after purchasing an additional 955,026 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Docusign

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Docusign announced its app is now available in ChatGPT and Codex, extending its Intelligent Agreement Management platform into OpenAI products and potentially improving adoption by making agreement workflows easier to use. Docusign Brings Trusted Agreement Intelligence and Workflows into ChatGPT and Codex
• Positive Sentiment: The company appointed Graham Sheldon as Chief Product Officer, a move aimed at accelerating its AI-focused product strategy and strengthening product execution. Docusign Appoints Graham Sheldon as Chief Product Officer to Accelerate Intelligent Agreement Management Vision
• Neutral Sentiment: Investor focus is centered on Thursday’s earnings release, where the key question is whether recent AI initiatives are driving enough momentum to support the stock. DocuSign (DOCU) Q1 Earnings Report Preview: What To Look For
• Neutral Sentiment: Multiple directors sold small amounts of stock, including Anna Marrs, James A. Beer, and Teresa Briggs, but the trades were modest and were executed under Rule 10b5-1 plans, which typically limits their significance. SEC filing: Anna Marrs Form 4
• Neutral Sentiment: Recent commentary also highlighted Docusign as an earnings-watch name, reinforcing that the stock may move on management’s outlook and proof of execution rather than the insider activity. Dear Docusign Stock Fans, Mark Your Calendars for June 4

Docusign Company Profile

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.