Docusign (NASDAQ:DOCU) Given “Market Outperform” Rating at JMP Securities

JMP Securities reissued their market outperform rating on shares of Docusign (NASDAQ:DOCU) in a research note published on Friday,Benzinga reports. JMP Securities currently has a $124.00 target price on the stock.

DOCU has been the topic of a number of other reports. Bank of America upped their price target on shares of Docusign from $85.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. Wells Fargo & Company upped their target price on shares of Docusign from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Citigroup lifted their price target on shares of Docusign from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. boosted their price target on Docusign from $77.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. Finally, Evercore ISI raised their price objective on Docusign from $90.00 to $92.00 and gave the company an “in-line” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $94.14.

Docusign Trading Up 2.4%

NASDAQ DOCU opened at $69.73 on Friday. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 52.43, a PEG ratio of 3.39 and a beta of 1.02. The business’s 50 day moving average is $76.17 and its two-hundred day moving average is $79.09. Docusign has a 12-month low of $62.66 and a 12-month high of $107.86.

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

Insider Activity at Docusign

In other Docusign news, CFO Blake Jeffrey Grayson sold 9,509 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $83.10, for a total transaction of $790,197.90. Following the transaction, the chief financial officer owned 112,160 shares of the company’s stock, valued at $9,320,496. This trade represents a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Allan C. Thygesen sold 40,000 shares of Docusign stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $69.69, for a total transaction of $2,787,600.00. Following the completion of the transaction, the chief executive officer owned 136,246 shares in the company, valued at approximately $9,494,983.74. This trade represents a 22.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,533 shares of company stock worth $7,281,953. Corporate insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in Docusign by 17.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,215 shares of the company’s stock worth $1,548,000 after acquiring an additional 2,612 shares in the last quarter. RFG Advisory LLC purchased a new stake in shares of Docusign during the first quarter valued at approximately $274,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Docusign by 22.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,920 shares of the company’s stock worth $156,000 after purchasing an additional 350 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Docusign by 114.5% during the first quarter. UMB Bank n.a. now owns 1,995 shares of the company’s stock worth $162,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Docusign by 23.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 9,719 shares of the company’s stock valued at $791,000 after purchasing an additional 1,817 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

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.