Mitsubishi UFJ Asset Management Co. Ltd. Buys 13,919 Shares of Docusign Inc. $DOCU

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Docusign Inc. (NASDAQ:DOCU) by 8.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 176,411 shares of the company’s stock after acquiring an additional 13,919 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Docusign were worth $13,741,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Hemington Wealth Management raised its holdings in shares of Docusign by 318.1% in the 1st quarter. Hemington Wealth Management now owns 347 shares of the company’s stock worth $28,000 after purchasing an additional 264 shares during the period. Banque Transatlantique SA purchased a new stake in Docusign in the first quarter worth $26,000. Summit Securities Group LLC bought a new stake in shares of Docusign in the first quarter valued at $34,000. Rise Advisors LLC lifted its position in shares of Docusign by 864.6% during the 1st quarter. Rise Advisors LLC now owns 463 shares of the company’s stock valued at $38,000 after buying an additional 415 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in shares of Docusign during the 1st quarter worth $39,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DOCU. Wells Fargo & Company boosted their price objective on Docusign from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. lifted their target price on shares of Docusign from $77.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. Zacks Research raised shares of Docusign from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 9th. Piper Sandler raised their price objective on shares of Docusign from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, September 5th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Docusign in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $94.14.

Docusign Stock Up 0.7%

Shares of DOCU opened at $69.35 on Thursday. Docusign Inc. has a twelve month low of $66.35 and a twelve month high of $107.86. The stock has a market cap of $13.95 billion, a PE ratio of 52.14, a P/E/G ratio of 3.42 and a beta of 1.01. The business’s 50-day moving average price is $74.40 and its 200-day moving average price is $77.34.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.84 by $0.08. The company had revenue of $800.64 million during the quarter, compared to analysts’ expectations of $780.35 million. Docusign had a net margin of 9.08% and a return on equity of 14.01%. Docusign’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts expect that Docusign Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Blake Jeffrey Grayson sold 9,509 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $83.10, for a total transaction of $790,197.90. Following the completion of the transaction, the chief financial officer directly owned 112,160 shares in the company, valued at $9,320,496. The trade was a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 55,442 shares in the company, valued at $3,946,915.98. This represents a 11.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 102,533 shares of company stock worth $7,709,933. Company insiders own 1.01% of the company’s stock.

Docusign Company 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.