The insider cluster is noise — no C-suite selling, trivial dollar amounts, and sales by directors likely tied to post-earnings window. Monitor next 10-Q for any change in IAM adoption trajectory or guidance revision, but this filing provides no actionable trading signal.
Price Chart
Executive Summary
Three Docusign directors sold a total of $63K in open-market sales over a 7-day window, occurring immediately after the company reported Q1 FY2027 earnings that beat consensus but maintained steady-state ~9% growth guidance. The sales are trivial in size relative to the $10.0B market cap (0.0006%), all by non-C-suite directors, and are likely routine portfolio adjustments following the earnings event rather than a bearish signal.
Key Financial Metrics
Key Facts
- Three directors sold a combined $63K in open-market sales (0.0006% of $10.0B market cap)
- Sales occurred 1-3 days after Docusign's Q1 FY2027 earnings beat (revenue $830.2M, +9% YoY; GAAP EPS $0.40 vs $0.38 consensus)
- No C-suite executives participated in any open-market sales; all sellers are independent directors
- Seven directors received restricted stock grants of 4,384 shares each on June 1, 2026 (non-cash, $0 value)
- Total insider activity over the past 30 days is $63K in sales — immaterial by any standard
Financial Impact
Total open-market sales of $63K represent 0.0006% of market cap — economically negligible
Risk Factors
- No material risk identified from this cluster; sales are de minimis and non-executive
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DOCU-1780695081430 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $71.85 $66.76 | ▼ −7.08% | ▼ −9.21% | $68.64 (−4.47%) |
Sep 11, 2026 20d ago | Insider Cluster | $69.76 $68.57 | ▼ −1.71% | ▼ −1.81% | $68.64 (−1.61%) |
Sep 9, 2026 23d ago | Insider Cluster | $64.45 $70.40 | ▲ +9.23% | ▲ +9.89% | $68.64 (+6.49%) |
Jul 2, 2026 13w ago | Insider Cluster | $45.77 $48.76 | ▼ −6.53% | ▼ −5.60% | $68.64 (−49.96%) |
Jun 4, 2026 17w ago | 8-K | $47.26 $45.03 | ▼ −4.72% | ▼ −5.29% | $68.64 (+45.23%) |
Jun 2, 2026 17w ago | Insider Cluster | $52.20 $45.13 | ▼ −13.55% | ▼ −9.73% | $68.64 (+31.48%) |
Jun 2, 2026 17w ago | Insider Cluster | $52.20 $45.13 | ▼ −13.55% | ▼ −9.73% | $68.64 (+31.48%) |
Jun 2, 2026 17w ago | Insider Cluster | $52.20 $45.13 | ▼ −13.55% | ▼ −9.73% | $68.64 (+31.48%) |
Apr 3, 2026 25w ago | Insider Cluster | $48.05 $45.42 | ▼ −5.47% | ▼ −9.60% | $68.64 (+42.84%) |
Apr 1, 2026 26w ago | 144 | $48.35 $42.84 | ▼ −11.40% | ▼ −15.01% | $68.64 (+41.95%) |
US Market Status
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