Docusign Inc. $DOCU Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC trimmed its position in Docusign Inc. (NASDAQ:DOCU) by 79.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,313 shares of the company’s stock after selling 24,966 shares during the quarter. Headlands Technologies LLC’s holdings in Docusign were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOCU. NewEdge Advisors LLC boosted its holdings in Docusign by 36.4% in the first quarter. NewEdge Advisors LLC now owns 9,202 shares of the company’s stock valued at $749,000 after purchasing an additional 2,457 shares during the last quarter. Guggenheim Capital LLC boosted its position in Docusign by 6.7% in the 2nd quarter. Guggenheim Capital LLC now owns 11,543 shares of the company’s stock worth $899,000 after purchasing an additional 729 shares in the last quarter. State Street Corp boosted its position in Docusign by 3.0% in the 2nd quarter. State Street Corp now owns 8,074,976 shares of the company’s stock worth $628,960,000 after purchasing an additional 236,494 shares in the last quarter. Sei Investments Co. grew its stake in shares of Docusign by 60.7% during the 2nd quarter. Sei Investments Co. now owns 40,386 shares of the company’s stock worth $3,146,000 after purchasing an additional 15,247 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in Docusign by 51.0% in the second quarter. Treasurer of the State of North Carolina now owns 189,178 shares of the company’s stock valued at $14,735,000 after buying an additional 63,911 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

Insider Activity

In other Docusign news, CRO Paula Hansen sold 6,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total value of $273,240.00. Following the transaction, the executive owned 89,972 shares of the company’s stock, valued at $4,097,324.88. This represents a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Allan C. Thygesen sold 26,250 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $46.02, for a total transaction of $1,208,025.00. Following the transaction, the chief executive officer directly owned 159,038 shares of the company’s stock, valued at approximately $7,318,928.76. This trade represents a 14.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 90,602 shares of company stock worth $4,323,749. 0.59% of the stock is currently owned by corporate insiders.

More Docusign News

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Quarterly results exceeded expectations. DocuSign reported revenue of $875.7 million, up 9.4% year over year and ahead of the $867.2 million consensus estimate. Adjusted earnings of $1.16 per share also surpassed expectations of approximately $1.08-$1.09. DocuSign Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised its fiscal 2027 outlook. The company increased guidance for revenue, annual recurring revenue (ARR) and the percentage of ARR generated by its Intelligent Agreement Management (IAM) platform. Third-quarter revenue guidance of $886 million-$890 million was broadly in line with analyst expectations. DocuSign raises annual forecast as AI-powered contract tools gain traction
• Positive Sentiment: AI and IAM adoption are becoming key growth drivers. New AI-powered contract tools are gaining traction, while stronger retention and IAM momentum suggest DocuSign is broadening its addressable market beyond electronic signatures. CFO Blake Grayson said strengthening partnerships supported the higher ARR forecast.
• Positive Sentiment: DocuSign is opening its Model Context Protocol server to all AI agents globally on September 30. The initiative could make DocuSign’s agreement technology more accessible across agentic enterprise software ecosystems and support future platform usage. DocuSign Agreement Layer for the Agentic Enterprise Coming to Every Agent
• Positive Sentiment: Several analysts raised their price targets following the earnings report, including UBS to $70, BTIG to $75 and Citizens JMP to $86. Morgan Stanley also reportedly increased its target, while technical traders noted a bullish “golden cross.”
• Neutral Sentiment: Analyst opinion remains divided. Bank of America raised its target to $64 but retained an “underperform” rating; UBS maintained “neutral,” and Needham reiterated “hold.” This suggests some analysts view the recent rally as having already priced in much of the improvement.
• Negative Sentiment: The stock reversed some early gains despite the earnings beat. With shares trading well above their 200-day average and at a relatively elevated earnings multiple, investors may be concerned that expectations for AI-driven growth are becoming demanding.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DOCU. Jefferies Financial Group raised their price objective on Docusign from $45.00 to $50.00 and gave the company a “hold” rating in a report on Friday, June 5th. Royal Bank Of Canada boosted their target price on shares of Docusign from $55.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Friday. Weiss Ratings raised Docusign from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Wall Street Zen downgraded shares of Docusign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Finally, Piper Sandler boosted their price target on shares of Docusign from $52.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $67.33.

Docusign Stock Performance

DOCU opened at $68.41 on Friday. Docusign Inc. has a one year low of $40.16 and a one year high of $86.65. The stock has a market capitalization of $13.06 billion, a PE ratio of 41.71, a P/E/G ratio of 2.34 and a beta of 0.90. The business’s 50 day moving average price is $55.70 and its 200 day moving average price is $49.87.

Docusign (NASDAQ:DOCU) last posted its earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.07. Docusign had a return on equity of 17.84% and a net margin of 9.82%.The company had revenue of $875.75 million during the quarter, compared to analysts’ expectations of $867.22 million. During the same quarter last year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that Docusign Inc. will post 2.03 earnings per share for the current fiscal year.

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.