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James P. Shaughnessy, the Chief Legal Officer of DocuSign Inc . (NASDAQ:DOCU), recently sold shares of the company’s common stock valued at approximately $609,810. According to InvestingPro data, DocuSign’s stock has shown strong momentum with a 42% return over the past year, though analysis suggests the stock may be trading above its Fair Value. The transactions, executed on April 1, involved the sale of a total of 7,500 shares at prices ranging from $81.26 to $81.86 per share.
Following these sales, Shaughnessy retains direct ownership of 45,875 shares in the company. These transactions were carried out under a pre-established Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks.
In other recent news, DocuSign Inc. reported its fiscal fourth-quarter earnings, exceeding guidance expectations in both revenue and billings. The company experienced a 9% growth in subscription revenue, surpassing consensus estimates, and saw strong adoption of its Identity Access Management (IAM) platform. Analysts from UBS revised DocuSign’s price target to $90, maintaining a Neutral stance, while Piper Sandler also reiterated a Neutral rating with the same price target. Wells Fargo (NYSE:WFC) maintained an Underweight rating with a $73 target, citing cautious guidance for fiscal year 2026, which includes a projected total revenue growth of 5-6% and a billings growth of 6-7%.
Evercore ISI initiated coverage with an In Line rating and a $100 target, noting DocuSign’s solid performance in fiscal year 2025 with 9% total revenue growth. The company’s initial fiscal 2026 guidance was slightly below Street estimates, partly due to foreign exchange and leap year impacts. William Blair maintained a Market Perform rating, highlighting DocuSign’s strategic focus on IAM, which is expected to contribute significantly to subscription revenue by the end of fiscal 2026. Despite various headwinds, analysts have noted improvements in DocuSign’s gross retention and Net Revenue Retention rates, with expectations for these metrics to improve throughout the year. The company is adjusting its go-to-market strategy to prioritize IAM deals, leveraging its partner network to drive activity in this area.
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