DocuSign chief legal officer Shaughnessy sells $825,552 in shares

James P Shaughnessy, Chief Legal Officer at DocuSign, Inc. (NASDAQ:DOCU), sold a total of 12,000 shares of common stock on October 1, 2026, for a total value of $825,552. The transactions were executed pursuant to a Rule 10b5-1 trading plan.

The sales occurred in two separate transactions:

Shaughnessy sold 11,600 shares at an average price of $68.77 per share. The prices for these shares ranged from $68.30 to $69.23.

An additional 400 shares were sold at an average price of $69.55 per share, with prices for these shares ranging from $69.39 to $69.68.

Following these reported transactions, Mr. Shaughnessy beneficially owns 50,591 shares of DocuSign common stock directly.The insider sale comes as DocuSign shares have surged approximately 43% over the past six months, trading at $69.01. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment. The company maintains a "GREAT" financial health score, supported by impressive gross profit margins of nearly 80%.

In other recent news, Docusign Inc. reported notable second-quarter results, with revenue growth accelerating to 9.4%, driven by improved digital sales and new Identity and Access Management (IAM) bookings. The company’s performance has led to several analysts adjusting their price targets and ratings. Citi raised its price target for Docusign to $72, acknowledging customer growth and the momentum in its Intelligent Agreement Management business. Similarly, Baird increased its price target to $72, highlighting positive trends in annual recurring revenue growth. Morgan Stanley also raised its price target to $75, citing progress in Docusign’s IAM product. Meanwhile, Needham reiterated a Hold rating, recognizing the strong quarterly performance. Wells Fargo adjusted its price target to $60, noting the company’s approximately 8% revenue growth in constant currency. These developments reflect a broad acknowledgment of Docusign’s recent financial performance and strategic progress.