Our latest contestant in this game of “How Much is DocuSign Really Worth?” is none other than DocuSign CEO Daniel Springer himself. Because as StreetInsider.com reports today, Springer went shopping for cheap DocuSign shares on Tuesday, spending $5 million to acquire a total of 33,675 shares at prices ranging from $138.93 to $146.91.
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Five days ago, shares of e-signature company DocuSign (NASDAQ:DOCU) got shredded after an earnings report showed that its business, which was proceeding just fine in Q3, is about to take a turn for the worse in Q4.
Two days ago, famed tech investor Cathie Wood stepped up to snap up DocuSign shares amid the sell-off, helping to salvage the stock.
And today? Today, DocuSign stock is recovering even further — up 5.5% as of 10:20 a.m. ET — on news that Cathie Wood isn’t the only investor who believes DocuSign is a bargain.
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