VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $32.29 Million Investment in Docusign Inc. $DOCU

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Docusign Inc. (NASDAQ:DOCU) in the second quarter, HoldingsChannel.com reports. The firm bought 414,615 shares of the company’s stock, valued at approximately $32,294,000.

A number of other hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in shares of Docusign by 338.2% in the 1st quarter. GAMMA Investing LLC now owns 3,519 shares of the company’s stock worth $286,000 after purchasing an additional 2,716 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Docusign by 528.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 108,232 shares of the company’s stock worth $8,810,000 after purchasing an additional 91,017 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Docusign by 6.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,359 shares of the company’s stock worth $3,367,000 after purchasing an additional 2,554 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Docusign by 2.3% in the 1st quarter. State of Alaska Department of Revenue now owns 23,675 shares of the company’s stock worth $1,927,000 after purchasing an additional 530 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Docusign by 23.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,132 shares of the company’s stock worth $336,000 after purchasing an additional 798 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DOCU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Docusign from $77.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, September 5th. Citigroup raised their price objective on Docusign from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, September 4th. Argus reissued a “hold” rating on shares of Docusign in a research report on Monday, September 8th. UBS Group set a $95.00 price objective on Docusign in a research report on Friday, September 5th. Finally, Evercore ISI lifted their price target on Docusign from $90.00 to $92.00 and gave the stock an “in-line” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, Docusign presently has a consensus rating of “Hold” and a consensus target price of $94.14.

Insider Buying and Selling at Docusign

In other Docusign news, CEO Allan C. Thygesen sold 40,000 shares of Docusign stock in a transaction dated Wednesday, October 1st. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Chatwani sold 13,817 shares of Docusign stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $83.10, for a total value of $1,148,192.70. Following the transaction, the insider owned 71,162 shares of the company’s stock, valued at $5,913,562.20. The trade was a 16.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,533 shares of company stock worth $7,709,933. Insiders own 1.66% of the company’s stock.

Docusign Stock Performance

Shares of DOCU opened at $67.93 on Monday. The stock has a 50-day moving average of $75.02 and a two-hundred day moving average of $77.93. Docusign Inc. has a one year low of $66.35 and a one year high of $107.86. The stock has a market cap of $13.66 billion, a P/E ratio of 51.08, a P/E/G ratio of 3.38 and a beta of 1.02.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.92 EPS 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 company had revenue of $800.64 million during the quarter, compared to analysts’ expectations of $780.35 million. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm’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. Analysts predict that Docusign Inc. will post 1.17 EPS for the current fiscal year.

Docusign Profile

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.