DocuSign (NASDAQ:DOCU) Announces Quarterly Earnings Results

DocuSign (NASDAQ:DOCU) announced its quarterly earnings results on Thursday. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.17, Briefing.com reports. The company had revenue of $736.03 million during the quarter, compared to analysts’ expectations of $727.20 million. DocuSign had a return on equity of 15.44% and a net margin of 3.81%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. DocuSign updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

DocuSign Trading Up 4.0 %

Shares of NASDAQ:DOCU opened at $59.19 on Friday. The business’s 50 day moving average is $55.44 and its 200-day moving average is $55.86. The firm has a market capitalization of $12.12 billion, a PE ratio of 113.83, a PEG ratio of 9.74 and a beta of 0.93. DocuSign has a 1-year low of $38.11 and a 1-year high of $64.76.

Insider Buying and Selling

In other DocuSign news, Director Daniel D. Springer sold 70,983 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $49.84, for a total value of $3,537,792.72. Following the sale, the director now owns 891,373 shares of the company’s stock, valued at approximately $44,426,030.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Daniel D. Springer sold 70,983 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $49.84, for a total value of $3,537,792.72. Following the sale, the director now owns 891,373 shares of the company’s stock, valued at approximately $44,426,030.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James P. Shaughnessy sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $50.98, for a total transaction of $91,764.00. Following the completion of the sale, the insider now directly owns 35,703 shares in the company, valued at approximately $1,820,138.94. The disclosure for this sale can be found here. Insiders sold a total of 482,418 shares of company stock valued at $25,524,100 over the last ninety days. 1.66% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on DOCU. Citigroup upped their target price on DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America raised their target price on shares of DocuSign from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday. Robert W. Baird boosted their target price on shares of DocuSign from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday. Piper Sandler lowered their price target on DocuSign from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Finally, Wells Fargo & Company lifted their price objective on DocuSign from $48.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.45.

About DocuSign

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.