Jupiter Asset Management Ltd. Raises Position in Docusign Inc. $DOCU

Jupiter Asset Management Ltd. increased its holdings in shares of Docusign Inc. (NASDAQ:DOCU) by 88.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,316,440 shares of the company’s stock after purchasing an additional 617,200 shares during the period. Docusign comprises 0.9% of Jupiter Asset Management Ltd.’s holdings, making the stock its 19th largest holding. Jupiter Asset Management Ltd.’s holdings in Docusign were worth $102,538,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DOCU. Hemington Wealth Management boosted its holdings in Docusign by 318.1% in the first quarter. Hemington Wealth Management now owns 347 shares of the company’s stock worth $28,000 after acquiring an additional 264 shares in the last quarter. Banque Transatlantique SA acquired a new position in shares of Docusign during the first quarter valued at about $26,000. Summit Securities Group LLC purchased a new position in shares of Docusign in the 1st quarter valued at approximately $34,000. Rise Advisors LLC boosted its stake in Docusign by 864.6% in the 1st quarter. Rise Advisors LLC now owns 463 shares of the company’s stock worth $38,000 after purchasing an additional 415 shares in the last quarter. Finally, WPG Advisers LLC purchased a new stake in Docusign during the 1st quarter worth approximately $39,000. 77.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on DOCU. Wells Fargo & Company raised their price target on shares of Docusign from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. Bank of America upped their target price on Docusign from $85.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 5th. 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. Morgan Stanley boosted their price target on Docusign from $86.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, September 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Docusign in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $94.14.

Docusign Stock Performance

NASDAQ:DOCU opened at $68.85 on Wednesday. Docusign Inc. has a one year low of $66.35 and a one year high of $107.86. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 51.77, a PEG ratio of 3.46 and a beta of 1.01. The firm’s fifty day moving average is $74.53 and its two-hundred day moving average is $77.40.

Docusign (NASDAQ:DOCU) last released its quarterly earnings data 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 business had revenue of $800.64 million during the quarter, compared to analyst estimates of $780.35 million. Docusign had a return on equity of 14.01% and a net margin of 9.08%.The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts predict that Docusign Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Activity at Docusign

In other Docusign news, insider Robert Chatwani sold 13,817 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $83.10, for a total value of $1,148,192.70. Following the completion of the transaction, the insider directly owned 71,162 shares of the company’s stock, valued at approximately $5,913,562.20. The trade was a 16.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $71.19, for a total value of $533,925.00. Following the completion of the sale, the insider owned 55,442 shares in the company, valued at approximately $3,946,915.98. This represents a 11.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 102,533 shares of company stock valued at $7,709,933 in the last 90 days. 1.66% of the stock is currently owned by corporate insiders.

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.