Docusign Inc. (NASDAQ:DOCU) Sees Large Increase in Short Interest

Docusign Inc. (NASDAQ:DOCU) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 14,053,218 shares, a growth of 58.5% from the January 29th total of 8,866,066 shares. Approximately 7.1% of the company’s shares are sold short. Based on an average daily volume of 5,560,267 shares, the short-interest ratio is currently 2.5 days. Based on an average daily volume of 5,560,267 shares, the short-interest ratio is currently 2.5 days. Approximately 7.1% of the company’s shares are sold short.

Docusign Price Performance

Docusign stock traded down $0.65 during mid-day trading on Friday, reaching $45.07. 18,041,867 shares of the company traded hands, compared to its average volume of 5,176,565. Docusign has a 52-week low of $40.16 and a 52-week high of $94.67. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 31.52, a P/E/G ratio of 1.99 and a beta of 1.00. The firm’s 50 day moving average price is $56.08 and its 200 day moving average price is $66.63.

Insider Buying and Selling at Docusign

In related news, insider Robert Chatwani sold 13,818 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $68.33, for a total transaction of $944,183.94. Following the completion of the sale, the insider directly owned 70,197 shares in the company, valued at $4,796,561.01. This represents a 16.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James P. Shaughnessy sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $67.03, for a total value of $804,360.00. Following the transaction, the insider owned 54,550 shares in the company, valued at approximately $3,656,486.50. The trade was a 18.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 78,291 shares of company stock valued at $5,365,134. 1.01% of the stock is currently owned by insiders.

Institutional Trading of Docusign

Several institutional investors and hedge funds have recently bought and sold shares of DOCU. Centaurus Financial Inc. grew its holdings in shares of Docusign by 2.6% during the 2nd quarter. Centaurus Financial Inc. now owns 5,398 shares of the company’s stock worth $420,000 after acquiring an additional 136 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Docusign by 0.7% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 21,422 shares of the company’s stock valued at $1,544,000 after purchasing an additional 149 shares in the last quarter. Moors & Cabot Inc. grew its stake in Docusign by 5.7% in the second quarter. Moors & Cabot Inc. now owns 2,780 shares of the company’s stock worth $217,000 after purchasing an additional 150 shares during the period. Savvy Advisors Inc. grew its stake in Docusign by 5.4% in the second quarter. Savvy Advisors Inc. now owns 3,090 shares of the company’s stock worth $241,000 after purchasing an additional 157 shares during the period. Finally, iA Global Asset Management Inc. raised its holdings in Docusign by 2.1% in the second quarter. iA Global Asset Management Inc. now owns 7,872 shares of the company’s stock worth $613,000 after purchasing an additional 160 shares in the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Docusign News Summary

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Nvidia CEO comments eased fears that AI will cannibalize enterprise software, sparking a session where DocuSign and other software names traded up — a sentiment boost that can help stabilize shares if sustained. DocuSign, MongoDB, Workiva, Elastic, and PagerDuty Stocks Trade Up, What You Need To Know
• Neutral Sentiment: AAII published a comparative piece weighing DocuSign vs. EverCommerce, useful for investors doing relative-value or thematic SaaS allocations but not a near-term catalyst. Which Is a Better Investment, DocuSign, Inc. or EverCommerce Inc. Stock?
• Neutral Sentiment: Reported short-interest figures for February appear to contain errors (showing 0 shares/NaN changes) and therefore offer no clear signal about bearish positioning — treat that data as unreliable until restated. (Data source summary)
• Negative Sentiment: A MarketBeat piece framing the software sell-off singled out DocuSign as exposed to AI-driven commoditization and product concentration risks, arguing the company lacks the durable moats that protect other AI beneficiaries — this narrative pressures valuations and investor confidence. AI Is Separating Software Winners From Losers, 2 Experts Explain (DOCU)
• Negative Sentiment: Commentary asking whether it’s time to reassess DocuSign after a prolonged share-price slump highlights sizable multi-timeframe declines and reinforces a cautious investor stance; such coverage can prolong negative momentum. Is It Time To Reassess DocuSign (DOCU) After Its Prolonged Share Price Slump
• Negative Sentiment: A director (Teresa Briggs) executed a small sale (~364 shares, ~$16k). The size is modest, so it’s more a datapoint than a major red flag, but insider selling can be perceived negatively in a down market. SEC Filing: Insider Sale by Teresa Briggs

Analysts Set New Price Targets

A number of research firms have recently weighed in on DOCU. Weiss Ratings reissued a “hold (c)” rating on shares of Docusign in a research note on Wednesday, January 21st. Evercore dropped their price target on shares of Docusign from $92.00 to $80.00 and set an “in-line” rating for the company in a research report on Friday, December 5th. JPMorgan Chase & Co. cut their price target on shares of Docusign from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. BTIG Research lowered their price objective on shares of Docusign from $88.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Finally, Robert W. Baird dropped their target price on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Five research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Docusign has an average rating of “Hold” and a consensus price target of $78.80.

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.