DOCU

DocuSign Inc

TMT, Software


Presented:06/20/2024
Price:$52.20
Cap:$10.69B
Current Price:$70.04
Cap:$14.22B

Presented

Date06/20/2024
Price$52.20
Market Cap$10.69B
Ent Value$10.93B
P/E Ratio101.62x
Book Value$5.55
Div Yield0%
Shares O/S204.72M
Ave Daily Vol2,068,774
Short Int3.33%

Current

Price$70.04
Market Cap$14.22B
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions including identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), Atlassian Corp (TEAM), Docusign Inc (DOCU), Trade Desk Inc (TTD)

Highlights

The presenter is long shares of DocuSign Inc (DOCU) believing that the company has worked through the excess contract volume it accumulated during the Covid-19 pandemic and that the new management team has the right priorities, including: a focus on capping operational expenses, international expansion, and a shift towards embedded workflows. With the stock trading at 9.5x his CY’25 FCF and 13x his CY’25 EPS, he believes the stock could double based on management's double-digit growth target.

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Idea Discussion

Commentor 1 - 2 weeks ago

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