DocuSignNASDAQ: DOCU

UiPath stock has been thrown into the bargain bin after weak guidance. Docusign is looking to transform into a platform company.

Paula Hansen will join as President and Chief Revenue Officer and Sagnik Nandy will join as Chief Technology Officer SAN FRANCISCO , June 25, 2024 /PRNewswire/ -- Docusign (NASDAQ:DOCU) today announced that Paula Hansen will join the company as President and Chief Revenue Officer and Sagnik Nandy will join as Chief Technology Officer on August 5, 2024 — completing the company's senior leadership team for its next phase of growth. Reporting to Docusign Chief Executive Officer Allan Thygesen, the two new leaders will lead Docusign's sales and partnership functions and its engineering function, respectively, to fully capitalize on the company's recently announced expansion into a new SaaS category: Intelligent Agreement Management.

DocuSign (DOCU) is experiencing improved performance with customers managed by the direct sales force.

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Docusign rebranded itself this year, now focusing on helping companies manage agreements. The new approach will allow it to offer more products and services to customers.

Shares of Docusign are more than 80% below the all-time high the stock reached years ago. Cost-cutting measures have pulled its bottom line out of negative territory.

DocuSign reported better-than-expected first fiscal quarter results, despite slowing top-line growth. DOCU is still adding customers to its platform, although the company is still seeing dollar net retention risks. Despite challenges in customer monetization, the Company could be an attractive investment due to strong free cash flows and high FCF margins.

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Docusign controls a large majority of the e-signature market. The e-signature market is expected to grow, and Docusign has plans to expand its opportunities.