Allspring Global Investments Holdings LLC trimmed its Docusign position by 54.0% during the third quarter, reducing its stake by 41,270 shares to 35,112 shares. At the end of the period, the remaining position carried a value of $2.422 million, according to the firm’s latest Form 13F filing. This marked one of the largest single-quarter reductions among institutional holders and signals a notable shift in portfolio weighting away from Docusign’s electronic signature and agreement management platform.

Several other asset managers adjusted their exposure to Docusign in the second quarter. Twin Peaks Wealth Advisors initiated a position valued at $43,000, while MassMutual Private Wealth & Trust FSB increased its holding by 31.3% to 595 shares, now worth $46,000. First Horizon Advisors expanded its position by 48.6% to 590 shares ($46,000), and Hantz Financial Services more than doubled its stake to 848 shares ($66,000). Sumitomo Mitsui Financial Group entered the stock with a $70,000 investment. Together, these moves underscore active rebalancing by mid-sized institutions, contributing to the 77.64% of Docusign shares controlled by hedge funds and other institutional investors.

Insiders have reduced their exposure, with Director James A. Beer selling 450 shares at an average of $68.54 for proceeds of $30,843, and Chief Revenue Officer Paula Hansen offloading 6,000 shares at $67.05, generating $402,300. Total insider dispositions in the quarter amounted to 45,542 shares for $3.092 million, representing a 1.01% decline in insider ownership. On the analyst front, six firms maintain Buy ratings while sixteen hold ratings prevail, reflecting a consensus target of $85.13. Notable recent actions include Wells Fargo, Piper Sandler and UBS Group trimming targets from $85 to $75, with the average rating positioned as Hold.