Acadian Asset Management LLC Sells 737,665 Shares of Docusign Inc. $DOCU

Acadian Asset Management LLC reduced its stake in shares of Docusign Inc. (NASDAQ:DOCU) by 96.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,050 shares of the company’s stock after selling 737,665 shares during the period. Acadian Asset Management LLC’s holdings in Docusign were worth $2,036,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Palogic Value Management L.P. grew its holdings in Docusign by 2.2% during the 1st quarter. Palogic Value Management L.P. now owns 5,438 shares of the company’s stock worth $443,000 after acquiring an additional 117 shares during the period. Wealthspire Advisors LLC lifted its position in Docusign by 1.9% in the 1st quarter. Wealthspire Advisors LLC now owns 6,579 shares of the company’s stock valued at $536,000 after acquiring an additional 122 shares in the last quarter. Foundry Partners LLC lifted its position in Docusign by 1.5% in the 1st quarter. Foundry Partners LLC now owns 8,491 shares of the company’s stock valued at $691,000 after acquiring an additional 125 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Docusign by 27.5% during the 1st quarter. Bessemer Group Inc. now owns 602 shares of the company’s stock worth $49,000 after buying an additional 130 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Docusign by 24.9% during the 1st quarter. Brooklyn Investment Group now owns 702 shares of the company’s stock worth $57,000 after buying an additional 140 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Docusign

In other Docusign news, insider Robert Chatwani sold 1,682 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $80.30, for a total value of $135,064.60. Following the sale, the insider owned 69,461 shares in the company, valued at approximately $5,577,718.30. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Allan C. Thygesen sold 40,000 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $77.51, for a total transaction of $3,100,400.00. Following the completion of the sale, the chief executive officer owned 143,983 shares in the company, valued at approximately $11,160,122.33. This trade represents a 21.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,757 shares of company stock worth $3,400,861 in the last ninety days. 1.66% of the stock is owned by company insiders.

Docusign Trading Up 0.2%

Shares of NASDAQ:DOCU opened at $81.71 on Wednesday. Docusign Inc. has a 12 month low of $55.14 and a 12 month high of $107.86. The company has a 50-day moving average price of $75.89 and a 200-day moving average price of $79.23. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 61.44, a price-to-earnings-growth ratio of 4.28 and a beta of 1.02.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.08. Docusign had a net margin of 9.08% and a return on equity of 14.01%. The company had revenue of $800.64 million for the quarter, compared to analysts’ expectations of $780.35 million. During the same quarter in the previous year, the company earned $0.97 earnings per share. Docusign’s quarterly revenue was up 8.8% on a year-over-year basis. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts forecast that Docusign Inc. will post 1.17 EPS for the current fiscal year.

Docusign announced that its board has approved a share buyback plan on Thursday, June 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 6.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DOCU. Citigroup lifted their price target on shares of Docusign from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Evercore ISI lifted their price objective on shares of Docusign from $90.00 to $92.00 and gave the company an “in-line” rating in a research note on Friday, September 5th. Zacks Research upgraded shares of Docusign from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 9th. Wall Street Zen upgraded shares of Docusign from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Wedbush cut their target price on shares of Docusign from $100.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.