DocuSign (DOCU)

• Market cap: $17B
• 1 day: 3.44%
• 5 days: 6.46%
• 1 month: 17.88%
• 3 months: 12.98%
• 6 months: 1.31%
• Year to date: -6.45%
• 1 year: 51.77%
• 5 years: -56.3%
• 10 years: 112.74%
• Sector: Technology
• Industry: Software - Application

About: Docusign offers Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its initial public offering in 2018.

Employees: 6,838

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

2.75% more ownership

Funds ownership: 83.99% [Q1] → 86.74% (+2.75%) [Q2]

7% more call options, than puts

Call options by funds: $376M | Put options by funds: $350M

2% more repeat investments, than reductions

Existing positions increased: 280 | Existing positions reduced: 275

1% less capital invested

Capital invested by funds: $13.8B [Q1] → $13.7B (-$191M) [Q2]

4% less funds holding

Funds holding: 797 [Q1] → 768 (-29) [Q2]

15% less first-time investments, than exits

New positions opened: 93 | Existing positions closed: 109

29% less funds holding in top 10

Funds holding in top 10: 7 [Q1] → 5 (-2) [Q2]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $80
• Avg. target: $96
• High target: $124

11 analyst ratings

• positive: 2 18%
• neutral: 9 82%
• negative: 0 0%

Morgan Stanley Josh Baer	$90	Equal-Weight Maintained	8 Sep 2025
Citigroup Tyler Radke	$120	Buy Maintained	5 Sep 2025
UBS Karl Keirstead	$85	Neutral Maintained	5 Sep 2025
Wells Fargo Michael Turrin	$85	Equal-Weight Maintained	5 Sep 2025
JMP Securities Patrick Walravens	$124	Market Outperform Reiterated	5 Sep 2025