DOCU

DocuSign, Inc.

Technology · $12.9B market cap

Share price

$69.01

close of Oct 3, 2026

Fair value

$77.14

Sticker Price

Payback Price

$30.86

buy price

Undervalued

DOCU is Undervalued: at $69.01 it trades 11% below its fair value of $77.14. Its buy price (Payback Price) is $30.86, 55% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 9% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth—?

Equity per share growth23.3% a year✓

Sales growth31.6% a year✓

Free cash flow growth37.6% a year✓

Return on invested capital7.7%✗

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Superinvestors

1 of the investors we track holds DOCU. Who we track

Richard Pzena

Pzena Investment Management · as of Q2 2026

$200K

4,510 shares

Insider activity

Since Apr 3, 2026: no open-market purchases, 17 sales worth $10.4M and 65 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Solvik Peter

director · 2026-09-10

Sold

$1.0M

Solvik Peter

director · 2026-09-10

Sold

$2.0M

Briggs Teresa

director · 2026-09-10

Sold

$35K

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-09-08

Sold

$230K

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-09-08

Sold

$754K

Show all 17 sales

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-09-04

Sold

$2.1M

BEER JAMES A

director · 2026-08-28

Sold

$29K

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-08-07

Sold

$900K

Thygesen Allan C.

President and CEO · 2026-07-01

Sold

$1.0M

Thygesen Allan C.

President and CEO · 2026-07-01

Sold

$194K

Shaughnessy James P

Chief Legal Officer · 2026-07-01

Sold

$11K

Shaughnessy James P

Chief Legal Officer · 2026-07-01

Sold

$535K

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-07-01

Sold

$28K

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-07-01

Sold

$656K

Hansen Paula

Chief Revenue Officer · 2026-07-01

Sold

$273K

Chatwani Robert

President General Mgr, Growth · 2026-06-22

Sold

$291K

Chatwani Robert

President General Mgr, Growth · 2026-06-22

Sold

$393K

Other filings

Roberts Brian Keith

director · 2026-09-05

Option exercise

856 shares

Rosenbaum Michael George

director · 2026-09-03

Option exercise

522 shares

Marrs Anna

director · 2026-09-01

Option exercise

1,096 shares

Hayes Cain A

director · 2026-09-01

Option exercise

1,096 shares

Wilderotter Mary Agnes

director · 2026-09-01

Option exercise

1,096 shares

Show all 65 other filings

Irving Blake

director · 2026-09-01

Option exercise

1,096 shares

Briggs Teresa

director · 2026-09-01

Award

1,096 shares

Briggs Teresa

director · 2026-09-01

Option exercise

1,096 shares

Solvik Peter

director · 2026-09-01

Option exercise

1,096 shares

BEER JAMES A

director · 2026-09-01

Option exercise

1,096 shares

Salem Enrique T

director · 2026-09-01

Option exercise

1,096 shares

Trollope Rowan M

director · 2026-08-02

Option exercise

869 shares

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-07-09

Award

44,600 shares

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-07-09

Award

89,200 shares

Hansen Paula

Chief Revenue Officer · 2026-07-09

Award

44,600 shares

Hansen Paula

Chief Revenue Officer · 2026-07-09

Award

89,200 shares

Chatwani Robert

President General Mgr, Growth · 2026-07-09

Award

37,166 shares

Chatwani Robert

President General Mgr, Growth · 2026-07-09

Award

74,333 shares

Shaughnessy James P

Chief Legal Officer · 2026-07-09

Award

24,777 shares

Shaughnessy James P

Chief Legal Officer · 2026-07-09

Award

49,555 shares

Thygesen Allan C.

President and CEO · 2026-07-09

Award

136,774 shares

Thygesen Allan C.

President and CEO · 2026-07-09

Award

182,366 shares

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-06-15

Option exercise

2,347 shares

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-06-15

Option exercise

1,659 shares

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-06-15

Option exercise

5,186 shares

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-06-15

Option exercise

5,119 shares

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-06-15

Option exercise

23,141 shares

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-06-15

Tax withholding

15,251 shares

GRAYSON BLAKE JEFFREY

Chief Financial Officer · 2026-06-15

Option exercise

37,452 shares

Shaughnessy James P