DOCUSIGN, INC.
At today's price, DOCUSIGN, INC. (DOCU) is priced for today's economics sustained for ~11.5 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
DocuSign's revenue growth has settled near 8%, but its profitability has been climbing: operating margin around 29%, free-cash-flow margin near 30%, and over $1.1 billion of trailing free cash flow. The company is debt-free with about $814 million of cash. At about $43 the price embeds roughly a decade of sustained cash flow at about 25 times operating income; the relative-multiple and growth-DCF methods support it while asset and earnings-power frames call it expensive. The whole thesis hinge
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678 institutional managers reported holding DOCU in 13F filings for the quarter ended 2026-03-31. Together they hold about 85% of the company; the top 10 hold 40%. 86 opened new positions that quarter. Held by Vanguard Group, BlackRock, Capital Group (American Funds), among others. On the short side, 15.2M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DOCU's share count is about flat over the past five years ($2.08B of repurchases, offset by issuance). It pays no dividend. Cash returned over the past three years: $1.98B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at DOCU over the trailing three years. Absence is a fact about the company, not a signal. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
DOCU's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-09 | -0.3% | -13.7% |
| 2023-09-08 | -4.9% | -18.4% |
| 2023-12-09 | +5.0% | +2.9% |
| 2024-03-22 | -1.2% | -2.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
DOCU's latest 8-K filings: 2026-06-04 (items 2.02, 9.01); 2026-06-03 (items 5.07, 9.01); 2026-05-06 (items 5.02, 7.01, 9.01); 2026-03-17 (items 2.02, 9.01); 2026-03-06 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.