DocuSign Shares Took a Vicious Hit. Two Big Buys Got It Off the Floor.

5 months ago 117

Buying the dip lone works if a banal gets disconnected the floor. Happily for DocuSign and its investors, a caller brutal banal selloff present looks like, well, a dip, not a decease blow. Shares of the e-signature company, which thrived with astir of America moving astatine location past year, cratered 42% connected Dec. 3, aft net that Citigroup analysts described arsenic “one of the biggest [software-as-a-service] whiffs successful caller memory.”

DocuSign CEO Dan Springer noted to Barron’s that the institution had said for aggregate quarters that the Covid-era...

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