DocuSign Inc
DOCU: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$66.00 | Gbkx | Lshqgqqm |
DocuSign: Shares Running Over the Last Month Based on Continued Takeover Reports
Today it was widely reported that Bain Capital and Hellman & Friedman are competing to acquire narrow-moat DocuSign in an auction process. A sale underscores our belief that e-signature is a feature best contained in a broader platform. DocuSign’s contract lifecycle management could be that platform but that solution remains a small part of the company’s revenue, and investors may not have the patience to wait for a broader platform to reinvigorate growth, so there is rationale for selling the company.