Docusign (NASDAQ:DOCU) Director Peter Solvik Sells 46,000 Shares

Docusign Inc. (NASDAQ:DOCU) Director Peter Solvik sold 46,000 shares of Docusign stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $65.24, for a total value of $3,001,040.00. Following the completion of the transaction, the director directly owned 49,558 shares of the company’s stock, valued at $3,233,163.92. This represents a 48.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Docusign Stock Performance

DOCU opened at $65.65 on Friday. The firm has a market cap of $12.27 billion, a P/E ratio of 40.03, a price-to-earnings-growth ratio of 2.48 and a beta of 0.90. Docusign Inc. has a 52-week low of $40.16 and a 52-week high of $86.65. The business’s fifty day moving average is $57.75 and its 200-day moving average is $50.61.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. Docusign had a return on equity of 18.29% and a net margin of 9.82%.The business had revenue of $875.75 million during the quarter, compared to the consensus estimate of $867.22 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Docusign’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts predict that Docusign Inc. will post 2.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Docusign

A number of hedge funds have recently made changes to their positions in DOCU. BlackRock Inc. acquired a new position in shares of Docusign during the second quarter worth $927,059,000. California State Teachers Retirement System boosted its holdings in shares of Docusign by 4,016.6% during the 2nd quarter. California State Teachers Retirement System now owns 9,960,652 shares of the company’s stock valued at $442,452,000 after acquiring an additional 9,718,686 shares in the last quarter. Norges Bank acquired a new stake in shares of Docusign during the 4th quarter valued at $186,795,000. Arrowstreet Capital Limited Partnership grew its position in 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 acquiring an additional 2,283,996 shares during the last quarter. Finally, Capital World Investors grew its position in 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 acquiring an additional 1,603,900 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

More Docusign News

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Docusign reported quarterly earnings and revenue above analyst estimates, while revenue grew 9.4% year over year. Management also highlighted margin gains, stronger cash flow and continued IAM adoption. Docusign Declines After Beating Q2 Earnings and Revenue Estimates
• Positive Sentiment: The IAM platform now represents 15.1% of annual recurring revenue, suggesting Docusign is using AI to expand beyond traditional electronic signatures and potentially increase customer value. Docusign Q2 2027 Earnings Call Transcript
• Positive Sentiment: Docusign and Stephen Curry’s UNDERRATED Golf announced a “Where Deals Get Done” partnership. The marketing agreement may support brand visibility, although its direct financial impact was not disclosed. Stephen Curry’s UNDERRATED Golf and Docusign Partnership
• Neutral Sentiment: Reported short interest was zero shares, indicating little evidence of an active short-selling position or near-term short-squeeze potential.
• Negative Sentiment: DOCU declined despite the earnings and revenue beat, suggesting investors may have already priced in the strong results or remain cautious about the pace of IAM adoption and future growth. Docusign Declines After Earnings Beat
• Negative Sentiment: Director Peter Solvik sold 46,000 shares worth approximately $3.0 million, reducing his holdings by 48.14%. Director Teresa Briggs also sold shares, though her transaction was executed under a pre-arranged Rule 10b5-1 plan. These sales can weigh on sentiment, even though they do not necessarily signal deteriorating fundamentals.

Analysts Set New Price Targets

DOCU has been the topic of several analyst reports. Piper Sandler increased their price target on shares of Docusign from $52.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Jefferies Financial Group boosted their price objective on shares of Docusign from $45.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, June 5th. Royal Bank Of Canada upped their target price on Docusign from $55.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Friday, September 4th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $86.00 target price on shares of Docusign in a report on Friday, September 4th. Finally, Citigroup lifted their price target on Docusign from $54.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Docusign has an average rating of “Hold” and a consensus target price of $67.33.

Docusign Company Profile

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.