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DocuSign (NASDAQ:DOCU) inventory is falling on Friday even after the corporate posted an earnings beat for the fourth quarter of 2022.
As an alternative, traders are centered on two different items of stories maintaining shares of DOCU inventory down at present. That features CFO Cynthia Gaylor leaving the corporate later this yr. The corporate is already looking for a substitute CFO.
DocuSign makes certain to notice that Gaylor’s departure doesn’t should do with a disagreement with the corporate. It additionally factors out that CEO Allan Thygesen is main the seek for its subsequent CFO.
DOCU Inventory Downgrade
The subsequent bit of stories maintaining DOCU inventory down at present is a downgrade. This comes from JPMorgan because it drops the shares from a “impartial” ranking to an “underweight” ranking. For the document, the analysts’ consensus ranking for DOCU shares is “maintain” based mostly on 16 opinions.
A number of different analysts additionally weighed in on DOCU inventory at present. This noticed lots of them elevating and reducing their value targets for the inventory. Amongst them are Financial institution of America, Piper Sandler, and Wells Fargo.
With at present’s information comes heavy buying and selling of DOCU inventory. As of this writing, greater than 5 million shares have modified palms. That’s already above its day by day common buying and selling quantity of about 4.9 million shares.
DOCU inventory is down 20.4% as of Friday morning.
Traders on the lookout for extra of the most recent inventory market information are in luck!
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Extra Friday Inventory Market Information
On the date of publication, William White didn’t have (both instantly or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Pointers.
