Robert W. Baird Cuts Docusign (NASDAQ:DOCU) Price Target to $55.00

Docusign (NASDAQ:DOCU) had its price objective cut by Robert W. Baird from $75.00 to $55.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms have also recently issued reports on DOCU. Piper Sandler decreased their target price on Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Evercore dropped their target price on shares of Docusign from $92.00 to $80.00 and set an “in-line” rating for the company in a report on Friday, December 5th. Cantor Fitzgerald reaffirmed an “outperform” rating on shares of Docusign in a report on Wednesday, December 17th. Royal Bank Of Canada lowered their price objective on shares of Docusign from $95.00 to $70.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. Finally, Bank of America dropped their price objective on shares of Docusign from $102.00 to $82.00 and set a “neutral” rating for the company in a research note 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, the company presently has a consensus rating of “Hold” and an average target price of $66.67.

Docusign Stock Performance

Shares of DOCU stock opened at $47.23 on Wednesday. The stock’s fifty day moving average price is $49.82 and its two-hundred day moving average price is $64.03. The company has a market cap of $9.46 billion, a PE ratio of 31.91, a P/E/G ratio of 2.08 and a beta of 1.03. Docusign has a fifty-two week low of $40.16 and a fifty-two week high of $94.67.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Tuesday, March 17th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. Docusign had a return on equity of 16.86% and a net margin of 9.60%.The company had revenue of $836.86 million during the quarter, compared to analysts’ expectations of $828.23 million. During the same quarter in the previous year, the firm earned $0.86 EPS. Docusign’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts predict that Docusign will post 1.17 EPS for the current fiscal year.

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

Insider Buying and Selling at Docusign

In other Docusign news, insider Robert Chatwani sold 16,696 shares of Docusign stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $48.10, for a total value of $803,077.60. Following the sale, the insider owned 72,458 shares of the company’s stock, valued at approximately $3,485,229.80. The trade was a 18.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $455,000.00. Following the transaction, the chief financial officer directly owned 111,713 shares of the company’s stock, valued at $7,819,910. This represents a 5.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 68,173 shares of company stock valued at $4,324,684 in the last three months. 1.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Docusign

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Docusign by 1.1% in the third quarter. Vanguard Group Inc. now owns 21,625,551 shares of the company’s stock worth $1,558,986,000 after buying an additional 225,525 shares during the last quarter. State Street Corp lifted its position in shares of Docusign by 0.9% during the 4th quarter. State Street Corp now owns 8,193,805 shares of the company’s stock valued at $560,456,000 after buying an additional 77,008 shares during the last quarter. Capital World Investors lifted its position in shares of Docusign by 38.1% during the 4th quarter. Capital World Investors now owns 5,815,804 shares of the company’s stock valued at $397,801,000 after buying an additional 1,603,900 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Docusign by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 5,564,318 shares of the company’s stock worth $433,405,000 after acquiring an additional 86,560 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Docusign by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 4,084,463 shares of the company’s stock worth $278,665,000 after acquiring an additional 18,873 shares during the last quarter. 77.64% of the stock is owned by institutional investors.

Key Stories Impacting Docusign

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.