Grayson Blake Jeffrey, the Chief Financial Officer of DocuSign, Inc. (NASDAQ:), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Jeffrey sold a total of 9,552 shares on October 15, 2024, at prices ranging from $68.58 to $68.99 per share. The transactions amounted to approximately $657,193.
Additionally, Jeffrey acquired 206 shares on October 4, 2024, under DocuSign’s 2018 Employee Stock Purchase Plan, at a price of $50.71 per share. After these transactions, Jeffrey holds 78,265 shares of DocuSign common stock. These sales were executed as part of a prearranged trading plan under Rule 10b5-1.
In other recent news, Docusign has been the subject of an updated assessment by BofA Securities. Following an evaluation of the company’s Q2 results and future outlook, BofA raised its price target for Docusign to $68, up from the previous $60, while maintaining a neutral stance. The revised price reflects Docusign’s promising signs of billings and revenue growth, due in part to the successful execution of the company’s growth strategies and the introduction of its Identity Access Management (IAM) solutions.
Docusign’s Q2 results revealed a 7% year-over-year increase in revenue, reaching $736 million. The company also reported a record 32% non-GAAP operating margin and generated approximately $200 million in free cash flow. In addition, Docusign launched the Intelligent Agreement Management (IAM) platform, which has received positive initial feedback.
Looking ahead, Docusign expects Q3 revenue to fall between $743 million and $747 million, with full fiscal year 2025 revenue projected between $2.940 billion and $2.952 billion. The company also anticipates a non-GAAP gross margin of 81.0% to 82.0% for Q3 and fiscal 2025. Despite expected investments in IAM causing a slight decline in operating margin, Docusign remains confident in its growth potential.
InvestingPro Insights
In light of the recent insider transactions at DocuSign, Inc. (NASDAQ:DOCU), it’s worth examining some key financial metrics and insights provided by InvestingPro. Despite the CFO’s sale of shares, DocuSign’s financial position appears robust. The company boasts a market capitalization of $14.72 billion, reflecting its significant presence in the digital signature and agreement cloud services sector.
One of the most notable InvestingPro Tips is that DocuSign holds more cash than debt on its balance sheet, indicating a strong financial foundation. This aligns with the company’s ability to generate substantial revenue, which stood at $2.86 billion in the last twelve months as of Q2 2025. Moreover, DocuSign maintains an impressive gross profit margin of 80.25%, underscoring its operational efficiency.
The stock’s recent performance has been particularly strong, with a one-year price total return of 70.9% as of the latest data. This upward trajectory is further supported by the fact that DocuSign is trading near its 52-week high, with its current price at 99.94% of that peak.
Investors should note that while the CFO has sold shares, management has been aggressively buying back stock, as highlighted by another InvestingPro Tip. This could signal confidence in the company’s future prospects and potentially support the stock price.
For those interested in a deeper dive into DocuSign’s financial health and market position, InvestingPro offers 19 additional tips, providing a comprehensive analysis for informed investment decisions.
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