Docusign
One sentence overview: DocuSign, Inc. offers eSignature, a way to sign electronically on different devices and allows organizations to manage electronic agreements.
Docusign Ticker : DOCU
6/9/2020 Stock Price : $141.92
6/9/2020 Market Cap : $26 billion
Total Shares Outstanding Recent Quarterly Report : 177 million shares
| Jan 2020 | March Low | Apr 30 | 6/9/2020 | YTD % | |
| Docusign | $76 | $69 | $105 | $142 | 87% |
| S&P 500 | 3231 | 2237 | 2912 | 3203 | -1% |
Docusign Investor Relations Page
https://investor.docusign.com/investors/home/default.aspx
Docusign SEC Page
https://www.sec.gov/cgi-bin/browse-edgar?CIK=docu&owner=…
Docusign Glassdoor Ratings
https://www.glassdoor.com/Reviews/DocuSign-Reviews-E307604.h…
Docusign Overview
DocuSign was founded in 2003 by Court Lorenzini, Tom Gonser and Eric Ranft. The firm began sales in 2005 when zipForm, now zipLogix, integrated DocuSign into its virtual real estate forms. Mock trials featuring licensed attorneys and real judges highlighted the admissibility of DocuSign contracts in court based on encrypted audit logs of signature events as well as the impossibility of changing contracts.
In March 2019, DocuSign announced the DocuSign Agreement Cloud, a suite of products and integrations for automating and connecting the entire agreement process digitally. This marked the company’s transition to a leader in digital transaction management.
Products
Docusign literally disrupts pen on paper. 82% of all Docusign are completed in one day. It a huge time saver with strong security features. Docusign is integrated into 350 applications servicing a large number of sectors from finance, real estate and legal firms.
Docusign is designed to manage the entire life cycle of a business from sales contact to contract development to contract management. Docusign has used a series of bolt on acquisitions to add functionality of contract management.
Business and Financial Drivers
You can access their financial performance numbers through the Investor Relations page and clicking their Interactive Investor link.
https://apps.indigotools.com/IR/IAC/?Ticker=DOCU&Exchange=NASDAQGS
Competition
Docusign and Adobe Sign both provide the basic features of electronic signature software but there are a few standout features that set them apart.
Docusign includes document generation tools, strong mobile support, and offers many third party integrations. Adobe Sign integrates with Adobe’s suite of document management software to allow for end-to-end document management.
Docusign and Adobe sign also both have a few key limitations that are important to consider.
Docusign places a limit on the number of users for most of their plans. It is also difficult to alter Docusign documents after their creation. Adobe Sign has limited integrations outside of the Adobe suite and uses a difficult to use Android application for mobile users.
Future Outlook
DocuSign was already experiencing solid growth before the pandemic but was able to expand its business in the resulting remote work-at-home environment. Once customers experience the ease and convenience of the company’s e-signature and remote contract applications, they will likely stick around long after the pandemic is a distant memory.
Disclaimer: I do not have any formal recommendation for or against this stock, so don’t buy or sell stocks based solely on what you read.
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