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SAN FRANCISCO—Robert Chatwani, President and General Manager of Growth at Docusign Inc. (NASDAQ:DOCU), has sold a significant portion of his holdings in the company. According to a recent filing, Chatwani disposed of 15,706 shares of Docusign common stock on March 19, 2025, amounting to a total transaction value of approximately $1,306,657. The transaction comes as the $17.25 billion market cap company maintains impressive gross profit margins of 79.25% and shows strong momentum with a 14.61% gain over the past week.
The shares were sold at prices ranging from $82.93 to $84.68. This sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks. According to InvestingPro data, the stock has gained nearly 48% over the past six months, suggesting strong market confidence despite insider selling activity.
Following these transactions, Chatwani retains ownership of 76,842 shares of Docusign. The transactions highlight the use of strategic trading plans by executives to manage their stock holdings while adhering to insider trading regulations. InvestingPro analysis indicates the company maintains a "GREAT" financial health score, with 12+ additional exclusive insights available to subscribers through comprehensive Pro Research Reports.
In other recent news, DocuSign has reported its fourth-quarter earnings, surpassing consensus estimates with a 9% growth in subscription revenue. The company also experienced an acceleration in billings growth and strong adoption of its Identity Authentication Management (IAM) platform. Despite these achievements, DocuSign’s initial guidance for fiscal year 2026 projects a revenue growth of 5% to 6%, slightly below the consensus forecast of 7%. UBS has adjusted its price target for DocuSign to $90, maintaining a Neutral stance, while Wells Fargo (NYSE:WFC) reiterated an Underweight rating with a $73 target. Evercore ISI initiated coverage with an In Line rating and a $100 price target, noting the company’s solid performance in fiscal year 2025. Piper Sandler also maintained a Neutral rating with a $90 target, acknowledging the strong fiscal fourth-quarter results but expressing caution due to macroeconomic uncertainties. DocuSign’s IAM platform has shown promising traction, contributing significantly to new customer deals and is expected to grow in influence by fiscal year 2026. The company is adjusting its go-to-market strategy to prioritize IAM deals, which could drive future growth.
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