Primecap Management Co. CA Sells 30,030 Shares of Docusign Inc. $DOCU

Primecap Management Co. CA decreased its holdings in shares of Docusign Inc. (NASDAQ:DOCU) by 6.6% in the third quarter, HoldingsChannel reports. The fund owned 423,940 shares of the company’s stock after selling 30,030 shares during the quarter. Primecap Management Co. CA’s holdings in Docusign were worth $30,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in DOCU. Norges Bank purchased a new position in Docusign during the second quarter valued at approximately $140,987,000. Third Point LLC bought a new position in Docusign during the second quarter valued at $48,681,000. Jupiter Asset Management Ltd. grew its position in Docusign by 88.3% in the second quarter. Jupiter Asset Management Ltd. now owns 1,316,440 shares of the company’s stock worth $102,538,000 after acquiring an additional 617,200 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Docusign by 132.8% in the 2nd quarter. Alliancebernstein L.P. now owns 868,531 shares of the company’s stock worth $67,650,000 after purchasing an additional 495,380 shares during the period. Finally, Nippon Life Global Investors Americas Inc. increased its position in Docusign by 134.1% during the third quarter. Nippon Life Global Investors Americas Inc. now owns 508,590 shares of the company’s stock valued at $36,664,000 after acquiring an additional 291,380 shares during the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Key Docusign News

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 analysts recently weighed in on DOCU shares. Wedbush lowered their price objective on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Robert W. Baird lowered their price objective on Docusign from $90.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. UBS Group lowered their target price on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Royal Bank Of Canada dropped their price target on Docusign from $95.00 to $70.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. Finally, HSBC set a $53.00 price objective on shares of Docusign in a research note on Friday, February 13th. Five research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $78.80.

Docusign Price Performance

Shares of NASDAQ:DOCU opened at $45.07 on Friday. The business’s 50 day moving average price is $56.08 and its 200-day moving average price is $66.63. Docusign Inc. has a 1 year low of $40.16 and a 1 year high of $94.67. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 1.99 and a beta of 1.00.

Insider Transactions at Docusign

In related news, insider Robert Chatwani sold 13,818 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $68.33, for a total transaction of $944,183.94. Following the completion of the sale, the insider owned 70,197 shares of the company’s stock, valued at approximately $4,796,561.01. This represents a 16.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Blake Jeffrey Grayson sold 6,500 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $70.00, for a total value of $455,000.00. Following the completion of the sale, the chief financial officer directly owned 111,713 shares of the company’s stock, valued at approximately $7,819,910. This represents a 5.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 78,291 shares of company stock valued at $5,365,134. Insiders own 1.01% of the company’s stock.

Docusign Company Profile

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.