Added to YB: 2024-10-03
Pitch date: 2024-09-30
DOCU [neutral]
DocuSign, Inc.
+14.53%
current return
Author Info
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Company Info
DocuSign, Inc. provides electronic signature solution in the United States and internationally. The company offers AI-powered intelligent agreement management (IAM) platform to optimize the agreement management process and provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce for automated agreement generation within Salesforce.
Market Cap
$13.6B
Pitch Price
$62.09
Price Target
N/A
Dividend
N/A
EV/EBITDA
39.97
P/E
50.81
EV/Sales
4.17
Sector
Software
Category
special_situation
Something weird is going on with DocuSign
DOCU (sell puts): Formerly high-growth SAAS now struggling. 7% rev growth, 32% non-GAAP op margin, 27% FCF yield look good, but mostly from SBC. GAAP op margin 5.6%. Failed $12B+ buyout due to mgmt's high price demands. Recent option activity suggests news brewing. Potential for new deal, but financials weak. Consider selling Jan 2025 60 puts for 25% annualized return.
Read full article (4 min)