DocuSign may suffer from a pandemic growth remnant

Progress has slowed considerably since 2021

within the early interval I needed to have a notarized doc on the times of the pandemic. I spoke to the notary at my native financial institution workplace. He took my doc and ID from the crack within the door. He checked out me whereas I waited exterior. Lastly he gave me again the doc and my driver’s license; I signed it and gave it again to him for a stamp. All this could be a lot simpler on-line.

DocuSign seems to be like an organization dunk. It helped outline the class of digital signing, an concept that comes into focus exactly when assembly in an workplace has grow to be unimaginable throughout the pandemic however nonetheless must get work achieved. Nonetheless, the corporate’s inventory has been in free fall since 2021, when it hit over $300 per share. It is below $60 at present.

To be truthful, DocuSign is one in every of many SaaS firms whose worth has fallen because the market peaked on the finish of 2021, but it surely solves an actual downside in a world that is nonetheless caught with paper workflows. So why does it undergo the identical destiny as much less business-critical firms?

From the surface, the corporate’s battle to keep up its worth and develop appears considerably shocking given its position in digital transformation. Certain, the financial system has criticized many enterprise SaaS firms, however there’s in all probability extra to it than a normal tech slowdown can clarify. He transitioned to a brand new CEO final yr when he introduced in former Google promoting govt Allan Thygesen. This was maybe an indication that one thing was mistaken.

Extra lately, the corporate introduced on its earnings name earlier this month that CFO Cynthia Gaylor is stepping down after 4.5 years in numerous roles on the firm.