DocuSign Inc (DOCU)

[eastunder]

I don't know. Do we ever really know anything?

For me my risk tolerance is great. My patience is unlimited so I love a stock that has dropped 50% off its high. I tend to notice that immediately and there are quite a few out there.

DOCU latest low @ 71.00 on 3-14-22 meant a -77.43% drop off of its High! That's something! I'm glad to see insiders like that as well because I have a lot of stocks that have dropped that low % wise off their highs where the insiders haven't bought shares yet. That baffles me. Its weird when insiders hate their own stock.

The new eIDAS regulation in the EU should be a good thing, right? For any e-signature solution company.

[schemingscientist]

Do you think it will continue? Is it still a good time to sign?

Saw this article 3 weeks ago https://www.fool.com/investing/2022/03/24/why-docusign-stock-jumped-on-thursday/

"DocuSign is the undisputed leader in the e-signature space, controlling an estimated 70% of the market, while the company's Agreement Cloud is just getting started. But fears of slowing growth and the recent Nasdaq bear market have conspired to weigh on the stock, which has tumbled more than 65% since last year's high. As late as last Friday, DocuSign shares were trading at their lowest price in nearly two years, a rare occurrence for this growth stock."

I was wondering if the new eIDAS regulation in the EU will affect it.

[eastunder]

After An Overdone Selloff, It’s Time to Sign for DocuSign Shares

https://www.entrepreneur.com/article/422691

By MarketBeat Staff March 21, 2022

This story originally appeared on MarketBeat

DocuSign, Inc. (NASDAQ: DOCU) has come full circle. After riding the remote workforce trend to the $300 level last summer, the e-signature leader has seen its share price return to where it all began. Earlier this month the stock traded below $100 for the first time since April 2020 on fears that the company’s best days are over.

Like other big pandemic winners, DocuSign isn’t likely to experience the growth it did in 2021. Extreme demand for e-signature among employers scrambling to go paperless drove a 49% surge in sales.

Yet the long-term outlook is as solid as ever for a software pioneer that enjoys a significant first-mover advantage. The global shift to digital document solutions was only accelerated by the pandemic. It is not going away.

The reset button has been pressed on DocuSign as if its Covid boost never happened. But with plenty of growth still ahead, investors have a great opportunity to sign up for the next big run.

Why Did DocuSign Stock Fall?

DocuSign gapped below $80 on March 11th in the wake of the company's fourth-quarter report. Revenue growth slowed from 42% in the previous quarter to 35% in Q4 and earnings per share (EPS) of $0.47 came in a dime below consensus.

The shortfall was compounded by a weak first-quarter forecast that implies 24% top-line growth. At the midpoint, management’s forecast for $2.48 billion in fiscal 2022 revenue, or 18% growth, was the last straw for many investors who had grown accustomed to 40%-plus growth.

It didn’t help matters that DocuSign’s disappointing year-end update and outlook came at a time when the market was on edge because of the Russia-Ukraine war. Recent geopolitical risks have forced high-growth stocks to be perfect or face a barrage of selling.

What Are DocuSign’s Growth Prospects?

The world’s top e-signature provider is much more than the flagship software that has become commonplace in online business transactions. E-signature is at the core of what is a comprehensive document platform known as the DocuSign Agreement Cloud. It is an ecosystem that drives the preparation, signing, and management of documents from start to finish.

Despite the company’s inroads, most of today’s agreement processes remain manual and disconnected. In recognition of the need to reduce waste and costs, DocuSign is developing new solutions tailored to specific workflows. Faster, more efficient e-signature software for manufacturing, retail, education, and life sciences are just some of its newest offerings.

After ushering an additional 280,000 customers into the digital document age last year, DocuSign’s customer base has reached nearly 1.2 million. What’s more impressive than the sheer size of the customer base is the broad industry representation. From blue chip tech companies like Apple and Microsoft to healthcare giants like Roche and McKesson, DocuSign is a trusted name for the entire economy.

Much of the growth will come from overseas where DocuSign remains in the early stages of expansion. In Q4, less than one-fourth of revenue came from outside the U.S. but international revenue growth was 55%. With most of Europe, Asia, and South America yet to be introduced to DocuSign, the growth opportunities are vast.

Is DocuSign Stock a Buy, Hold, or Sell?

As CEO Dan Springer stated, workers may be returning to the office but “they are not returning to paper”. This says it all.

DocuSign is still a transformative business driving the global transition to cloud-based documentation. It operates in a $50 billion market in which it has a leading position and strong brand recognition. As ‘Google’ is to internet search, the word ‘DocuSign’ has evolved into a verb synonymous with signing agreements electronically.

From a financial perspective, this means that DocuSign will continue to generate recurring revenue that gives investors good visibility into cash flows. Even if at a slower pace than the unusual 2020-2021 period, subscription additions from existing and new customers will only fortify these revenue streams.

In the high-margin software business, margin expansion is everything—and DocuSign is achieving it. Gross margins expanded from 79% in FY21 to 82% in FY22. Amid slowing growth, yes, but a greater portion of revenue is reaching the bottom line. Translation: increasing shareholder value.

What also screams value is DocuSign’s recently announced $200 million repurchase program. This should provide a floor for the stock and keep it trending higher from the post-earnings bottom.

It shouldn’t come as a surprise that DocuSign’s growth is slowing. The unprecedented growth sparked by the pandemic was never going to be sustainable. More importantly, 20% growth shouldn’t be dismissed nor should the length of DocuSign’s growth trajectory.

Even though this long-term growth story remains intact, it remains to be seen if DocuSign can regain favor with a market that has all but labeled it a pandemic has-been. With the bar now set much lower and management’s guidance more likely to get beat, buying activity could heat up fast.

Investors that take the chance and sign on the dotted line here are getting a good deal.

[eastunder]

DocuSign’s CEO Strives to Prove Growth Beyond Pandemic Boom
The e-signature provider is bringing on new sales leaders
DocuSign’s stock has fallen 76% from a September 2021 high

ByJoe Williams
March 14, 2022, 12:29 PM MDT

https://www.bloomberg.com/news/articles/2022-03-14/docusign-ceo-strives-to-prove-growth-beyond-pandemic-boom

DocuSign Inc. Chief Executive Officer Dan Springer is retraining his sales team and hiring a new leader in the division, seeking to mitigate a swift decline in demand for the company’s electronic-signature software.

DocuSign’s product became a vital lifeline for businesses, consumers and governments when the pandemic hit in early 2020, turning the company into one of the most-watched software vendors. Now that heightened demand has evaporated, the shares have tumbled 76%, and Springer is working to convince skittish investors that DocuSign can flourish in the new world of hybrid work.

While Springer said he always expected the Covid-19 boom to subside, the drop-off caught him and the company flat-footed. DocuSign failed to anticipate how substantially the return to quasi-normal operations would impact sales, as well as how severely the fallout of one-time pandemic use cases would affect its business.

“We always believed that Covid as a dramatic tailwind would come to an end,” Springer said in an interview. “The place that we missed is how fast we would see that drop.”

The fix is underway. The company is hiring a new sales head, Springer told investors on the March 10 earnings call, and bringing on executives from established software providers like Oracle Corp. and Salesforce.com Inc. It’s also educating a sales team, one that grew substantially when demand for DocuSign’s product was robust, on how to effectively sell existing customers on more licenses or additional services.

“We didn’t properly onboard them,” Springer acknowledged.

It’s not uncommon for software vendors to change their leadership teams once certain levels of growth are achieved, often around $1 billion in annual sales. That wasn’t the case for DocuSign, which reported $2.1 billion in revenue last year, a decision Springer says likely contributed to the challenges the company is facing now.

“We were crushing it, so we were in a position where everyone looked like a star,” he said. “It was difficult to say: ‘Now is the time to change people out.’”

The pandemic was exactly what DocuSign needed to establish e-signatures as a viable alternative to wet ink. While the option became legal in 2000, it wasn’t until relatively recently that companies began to fully embrace signing documents online.

Once Covid-19 swept the globe, the technology became critical for businesses that pivoted overnight to fully remote operations. Governments also needed to disperse unemployment funds without recipients coming into local facilities and companies used e-signatures to tap into new federal aid.

“While we knew some of those one-time use cases weren’t going to have legs,” Springer said, the company misjudged “how completely some would fall off.”

DocuSign last week gave quarterly and annual revenue forecasts that fell short of analysts’ projections, sending shares plummeting 20% in a day. The stock fell about 1% to $74.41 at 2:13 p.m. Monday in New York, extending its decline since hitting a high of $310.05 last September.

It isn’t just the sudden drop in demand that is causing a headache for DocuSign. The company’s sales model is predicated on customers using its e-signature product for a single action -- like a new hire signing an employee agreement -- then pushing the software more broadly across the business, a strategy the industry often refers to as “land and expand.”

As some of those demand drivers evaporate completely, it erases the ability for DocuSign to expand its presence within those businesses. The company, however, has ample room ahead to grow within its existing user base. Just 852 of the 180,000 customers that buy through a DocuSign salesperson spend more than $300,000 annually with the vendor.

What Bloomberg Intelligence says
DocuSign’s recent results lead us to believe the company is struggling to better mine its existing client base, and that our expectation of an early recovery appears delayed until 2023. Longer term, we’re optimistic that the company can increase average spending per client by better focusing on its current base.

-- Anurag Rana, senior technology analyst

Compounding that problem, many customers purchased additional licenses at a more aggressive pace as the pandemic lingered on. Now, as businesses begin to bring employees back to the office and other operations return to in-person, users are finding themselves with excess capacity.

Customers are coming for their renewals and realizing they “don’t need to buy any more this year,” said Springer. “The amount of that more fulsome buying, we knew the concept but we didn’t know the amount that was there. We were surprised there was that much of a fallout in demand.”

For DocuSign and Springer, speed is the name of the game. If sales continue to falter, the company runs the risk of an activist investor campaign or becoming a takeover target.

“When you go public you make a choice that you cannot completely control your own destiny,” said Springer. “That’s just the reality of being public.”

[eastunder]

DOCU

[eastunder]

Insider buying DOCU

https://www.sec.gov/Archives/edgar/data/1261333/000126133322000040/xslF345X03/wf-form4_164755079804965.xml

Common Stock 03/15/2022 P 20,007 A $73.6323(1) 92,950 I By Trust(2)
Common Stock 03/15/2022 P 24,546 A $74.7005(3) 117,496 I By Trust(2)
Common Stock 03/15/2022 P 15,406 A $75.5417(4) 132,902 I By Trust(2)
Common Stock 03/15/2022 P 6,923 A $76.4462(5) 139,825 I By Trust(2)

1. The shares were bought at prices ranging from $73.2000 to $74.1900. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares bought at each separate price.
2. These securities are held by The Daniel Springer Revocable Trust, of which the Reporting Person is trustee.
3. The shares were bought at prices ranging from $74.2100 to $75.2000. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares bought at each separate price.
4. The shares were bought at prices ranging from $75.2100 to $76.2000. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares bought at each separate price.
5. The shares were bought at prices ranging from $76.2100 to $77.0700. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares bought at each separate price.

[Porterhouse10]

Hmmm April 22 $75 PUTS

[Porterhouse10]

Just a few headlines away, bwahhh, everything Happily up!

[lvhd]

LOL

[Porterhouse10]

See that $50 support! May not, but $55-$58 could be $$$$$

[Porterhouse10]

Huh? Gettin close! Patience!

[lvhd]

LOL

[Porterhouse10]

Back to $50

[schemingscientist]

DocuSign is jumping for the past few days? And then dropped today :(

It's getting closer to $142 per share but just now it dropped.

https://www.fool.com/investing/2022/01/11/why-docusign-stock-popped-today/

Despite Springer showing some confidence among docusign alternatives popping here and there.

[vplm4life]

Feel like free money best Covid stock and this is amazing thanks for the cheap shares dumb etfs

[lvhd]

In some calls

[schemingscientist]

Zacks Rank's Docusign #3 Hold

https://finance.yahoo.com/news/reasons-hold-docusign-docu-stock-152603751.html

"According to YF, DocuSign is increasing investments in global sales capacity, training, and field enablement to expand its pipeline of new businesses. Despite the different e-signatures available and rising demand, the market is still untapped, and this keeps DocuSign in a position to expand the same across businesses around the world."

[vplm4life]

Bigger rebound than this imminent. Buying before NYE :)

[eastunder]

Insider buying yesterday


http://archive.fast-edgar.com/20211207/AG2ZQ22CZ22252X2222T2ME25GVAZW224J32/

[Joecanada13]

It’s a great company I’ve had my eye on it for a while. I’m gonna be looking for a position next week

[Pyramid2]

Most amazing thing ever, over $100 down and still doing billions in sales, guess I better head back to .0001s where the real businesses are!

[MoneyMaker111]

DOCU: Count me in (just bought this great discount)

$DOCU
#DOCU

[Joecanada13]

Ya no bounce at all today really prob can slide some more

[Porterhouse10]

RSI 14 Oversold ya think, but just wait for $110.

[girlfriend]

Trying a few of this DOCU over 40% down. Hoping for a bounce may even add a few if she fails further.

Careful out there!

[lvhd]

In some January calls

[Joecanada13]

Over reaction?

[vplm4life]

230$ price
Target aug 3 this should be at this price next year this is too soon

[vplm4life]

Shorting this overbought

[Taurus69]

$docu $210.06 v -15.16 (-6.73%)
Volume: 9,276,632 @03/12/21 7:59:48 PM EST

[Monte125]

DOCU holding nice for tomorrow !!!

[Taurus69]

$docu $260.2 ^ 5.22 (2.05%)
Volume: 2,047,267 @02/18/21 7:59:05 PM EST

[Taurus69]

$docu $223.6 v -11.51 (-4.90%)
Volume: 3,784,726 @01/27/21 7:17:56 PM EST

[Taurus69]

$docu $228.0 ^ 5.59 (2.51%)
Volume: 4,451,342 @01/05/21 5:54:01 PM EST

[Taurus69]

$docu $235.25 ^ 2.73 (1.17%)
Volume: 4,608,742 @12/08/20 7:59:25 PM EST

[Taurus69]

$docu $205.78 v -6.84 (-3.22%)
Volume: 2,726,383 @11/13/20 7:59:34 PM EST

[Dennisb68]

Docu taking a hit today.

[Taurus69]

$docu $232.5 v -4.27 (-1.80%)
Volume: 2,386,166 @11/06/20 7:59:53 PM EST

[whytestocks]

NEWS: $DOCU Why Zoom, Square, and DocuSign Stocks Surged Today

Shares of Zoom Video Communications (NASDAQ: ZM) , Square (NYSE: SQ) , and DocuSign (NASDAQ: DOCU) jumped 7.1%, 8.1%, and 12.8% on Wednesday, as investors began to weigh the results of the U.S. elections. With Democratic candidate Joe Biden looking increasingly l...

Got this from DOCU - Why Zoom, Square, and DocuSign Stocks Surged Today

[Taurus69]

$docu $219.9 ^ 5.1 (2.37%)
Volume: 2,208,677 @10/23/20 7:59:21 PM EDT

[Taurus69]

$docu $234.0 v -6.45 (-2.68%)
Volume: 2,557,603 @10/16/20 7:59:30 PM EDT

[whytestocks]

NEWS: $DOCU 3 Signs DocuSign Could Be the Future Leader of a $45 Billion Industry

In an accelerating digital world where business can be conducted from almost anywhere, the e-agreement business is booming. DocuSign (NASDAQ: DOCU) outperformed in its last quarter, and earlier this month, CEO Daniel Springer noted during an industry conference that the company's to...

Find out more DOCU - 3 Signs DocuSign Could Be the Future Leader of a $45 Billion Industry

[DD14]

I love pulling back, I added more, i been doing this for 5 months now, holding 450 shares : ))))) and all of you dat listen to me 5 months ago should listen now also and hold until above $400

[Taurus69]

$docu $201.34 v -10.18 (-4.81%)
Volume: 1,704,888 @09/24/20 10:37:23 AM EDT

[DD14]

Yes, I’m in since was $91 and I added more at $183 , 100% confident that this will go over $400

[TFMG]

$DOCU | #DocuSign #Bulls Should Be Concerned



Not a good close on Friday for DOCU , volume actually increased as selling supply was high.
Strong rejection off the 50ma.
Support levels to watch on Monday
$196.45 is weekly horizontal support
$191.00 is major volume shelf support, below
that level and capitulation is on the cards
For the optimists the 50ma must be reclaimed.

[Tincupx]

Still believe this will rally nearly 50% to 290 in a matter of weeks?

[DD14]

Don’t worry, will be back to $290 in 2 weeks, and about 20% down I don’t understand why you are worried when this was up 70% in 5 days, remember by the dips and hold and you will tank me later like many people did for last 4 months. GL

[apdn1mill]

When they lost 20 percent how can they hold

[Cosa]

Huge selloff afterhours