 Welcome back to trading 360. It's time for the 360 round ready to bring in our panel to talk all about docusign ahead of the company's earnings Ben Silverman's with us director of research at Verity data and Melissa Armo founder owner of the stock swoosh. Thank you both for being with us So we know this name is hovering around the 52 week lows and beaten down Melissa I'll start with you your thoughts This is going to have quite frankly another move down for the downside Ben your thoughts. I mean you're looking at insider buying activity. What do you think is happening here? Well, you know with the CEO change earlier this year and a new CEO Alan Tegas and coming over from alphabet I think that's sort of the focus now. I agree with Melissa. I think there's a potential for another way down here If we look at Adobe and their document cloud results, you know, there's certainly some weakness in this thing So I think this is more, you know, this this quarter It could have a little ugliness to it and it's really about looking forward to what new management is gonna do, right? So tell me more about what do you think? What's on your mind when it comes to all this? You talked about new management. Give me some more details so that, you know basically the old CEO Dan Springer was was essentially pushed out by the board and they brought in Alan Teegas and who was a executive at alphabet and, you know, they're paying him a lot of money. They gave him a twenty million dollar stock sign-on bonus He can earn up to sixty million dollars in additional Stock-based compensation over the next several years. So they're really, you know, they really are paying up, you know For talent here to run the company There's just been a lot of management change in general their chief revenue officer supposed to leave the company Within the next couple months. They haven't found a replacement there yet They talked on earnings last time about some issues in their customer success You know division which is, you know, what is, you know, how you generate ARR and you know, they did bring in someone new there So, you know, there's been a lot of management turnover here So, you know, it's this call is gonna be, you know earnings call today is gonna be very interesting to see what they can articulate Right and Melissa, you know, it's around forty three dollars. Where do you think docusign is headed? It just hit a 52-week low recently? Melissa just wanted to ask you where you think the stock is headed. It's around forty three dollars hit a 52-week low thirty nine fifty seven Where do you think it's headed? The stock could fall at least another ten twenty percent. Remember the market right now has been selling off So while you have some stocks that are attempting to rally This is this is one of the ones where if you have the market continuing to fall This is gonna move actually ahead of the market So if you had a bullish market if we were in a very strong market, you might have the stock lift But if the market continues to fall stocks like this and other pandemic stocks that have fallen in the last 12 to 24 months They're gonna continue to move again ahead of the market where they're falling further So I think this is lower. I think the market's lower. I think a lot of the pandemic stocks are lower So it's a good time if you know how to short and obviously if people have accounts at a mere trade They can short or you can do plus which is an option which is basically a short You had some thoughts Melissa on Peloton Tell me a little bit about that and then Part of the pandemic group and these stocks have really taken a tumble again Even though the markets been falling these stocks have been falling even before we tumbled at the beginning of 2022 So zoom is something that has still a lot of downside to go Peloton is trying to rally But I don't think it holds on to it either again We're getting into the end of the calendar year So the next earnings out for many many of these stocks is going to be first quarter of 2023 and that's a long long way away from many of these companies even though it's a holiday season You would think you know Peloton should be getting this huge rally They got into those hotels But the stock really has not been able to get anywhere near the highs that it was back in 2020 It was almost like that was the last time the stocks ever going to be at near any of those numbers Same thing with zoom and zoom is being used by people. I mean zoom is out there people pay for zoom I use zoom but the fact is that that's nowhere near the highs either These are good stocks in my opinion to watch for rallies to possibly shorten to right, okay Oh, you really you've shorted then final thoughts here. What metrics are you going to be watching for on docusign today? I know Alan Tegenson now, you know in the role here. What are you going to be watching for? They're gonna be looking at operating expenses. They were increasing last quarter, you know There's a for EPS is supposed to drop about 30 percent But revenue is supposed to be up about 15 percent year over year So you're gonna look, you know, how they're keeping their OPEX in line You know, they did announce some layoffs recently, so they're trying to right-size the organization a little bit You know and you know it again We're gonna look to see if new management's come been able to come in You know and make some quick changes Also, they did have a they do have a small buyback authorization and it'll be interesting to see if they turn that on and And try to you know, repatriate some shares at a good price last quarter Great to see you both Ben Silverman Melissa Armo a great look at docusign and some of the other pandemic names I'm Nicole Petolidis. That's gonna do it for trading 360 I will see you at 2 p.m. Eastern time join me then for the watch list