DOCUSIGN, INC.
In the published model solve dated 2026-Q2, anchored at $68.40, DOCUSIGN, INC. (DOCU) is priced for today's economics sustained for ~12.8 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• This is a mature software business now, not a growth one: first-quarter revenue of 830.2 million dollars grew 9% year over year, and about 1.6 points of that came from currency [Source: Docusign Q1 fiscal 2027 results, June 4, 2026]. • The cash return is doing the heavy lifting, with 289.4 million dollars of free cash flow in the quarter and 317.5 million dollars of stock repurchased, taking diluted shares to 196 million from 213 million a year earlier. • The number that decides the next few y
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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: 2026-09-03 (items 2.02, 9.01); 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).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 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.