JPMorgan Chase & Co. Cuts Docusign (NASDAQ:DOCU) Price Target to $65.00

Docusign (NASDAQ:DOCU) had its target price reduced by JPMorgan Chase & Co. from $78.00 to $65.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also recently issued reports on DOCU. BTIG Research reissued a “buy” rating and set a $70.00 target price on shares of Docusign in a report on Wednesday. Citizens Jmp cut their price target on Docusign from $124.00 to $86.00 and set a “market outperform” rating on the stock in a research report on Wednesday. Morgan Stanley reduced their price objective on Docusign from $90.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday. UBS Group decreased their price objective on Docusign from $75.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, HSBC set a $53.00 target price on Docusign in a research note on Friday, February 13th. Five equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $66.67.

Docusign Trading Down 1.1%

Shares of NASDAQ:DOCU opened at $47.23 on Wednesday. Docusign has a twelve month low of $40.16 and a twelve month high of $94.67. The company’s 50 day moving average is $49.82 and its 200 day moving average is $64.03. The company has a market cap of $9.46 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 2.08 and a beta of 1.03.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Tuesday, March 17th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06. The business had revenue of $836.86 million during the quarter, compared to analysts’ expectations of $828.23 million. Docusign had a net margin of 9.60% and a return on equity of 16.86%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. Equities research analysts predict that Docusign will post 1.17 earnings per share for the current fiscal year.

Docusign declared that its Board of Directors has initiated a share repurchase plan on Tuesday, March 17th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 21% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Docusign news, CEO Allan C. Thygesen sold 26,250 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $69.60, for a total transaction of $1,827,000.00. Following the transaction, the chief executive officer directly owned 142,261 shares of the company’s stock, valued at $9,901,365.60. This trade represents a 15.58% 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, CFO Blake Jeffrey Grayson sold 6,500 shares of Docusign stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $70.00, for a total transaction of $455,000.00. Following the completion of the sale, the chief financial officer owned 111,713 shares in the company, valued at approximately $7,819,910. This trade represents a 5.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 68,173 shares of company stock worth $4,324,684 in the last 90 days. 1.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC increased its stake in Docusign by 36.4% during the 1st quarter. NewEdge Advisors LLC now owns 9,202 shares of the company’s stock worth $749,000 after buying an additional 2,457 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Docusign by 4.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 30,626 shares of the company’s stock valued at $2,385,000 after acquiring an additional 1,176 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Docusign by 7.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,029 shares of the company’s stock worth $4,053,000 after acquiring an additional 3,737 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Docusign by 153.4% in the second quarter. SG Americas Securities LLC now owns 16,344 shares of the company’s stock worth $1,273,000 after acquiring an additional 9,893 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Docusign by 7.3% during the second quarter. Cetera Investment Advisers now owns 51,606 shares of the company’s stock worth $4,020,000 after purchasing an additional 3,507 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Docusign News Summary

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Q4 beat — DocuSign reported Q4 revenue and EPS modestly above consensus and reiterated growth guidance, showing continued subscription momentum and giving a near‑term fundamental support for the stock. Proactive: DocuSign beats Q4 estimates
• Positive Sentiment: Large buyback authorized — The board approved a $2.0 billion increase (bringing total authorization to roughly $2.6B), representing a material portion of market cap; buybacks are a direct capital‑allocation tool that can support the share price and signal management confidence. DocuSign press release: buyback
• Neutral Sentiment: Higher trading volume — Volume spiked after the earnings release, which raises short‑term volatility and can amplify both rebounds and selloffs depending on flow. American Banking News: Volume Increase After Earnings
• Neutral Sentiment: Short‑interest reporting appears inconsistent — March short‑interest entries in the feed show anomalous “0”/NaN values, so there’s no clear short‑flow signal from these data points at this time.
• Negative Sentiment: Analyst cuts and cautious notes — Multiple major brokerages trimmed price targets and moved to more cautious ratings (examples include Morgan Stanley, RBC, UBS, JPMorgan, Piper Sandler, Wells Fargo and others), reducing near‑term upside expectations and contributing to selling pressure. American Banking News: Morgan Stanley Lowers Price Target
• Negative Sentiment: Insider sale disclosed — Senior executive Robert Chatwani sold ~16.7k shares (~$803k); while single insider sales can be routine, the filing has weighed on sentiment alongside the analyst downgrades. SEC Form 4: Insider Sale

About Docusign

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.