NTO -9.52%: tough day for the e-signature software business after competitor DocuSign (DOCU US) missed forecasts and was smashed aftermarket. The US based DocuSign gave 4th quarter revenue guidance of $US 557-563m, around 2.5% below consensus, though the stock was hit ~30% in aftermarket trade. The market was hyping up for a beat to estimates, but the supercharged growth of the last few periods looks to be tapering off. Nitro also saw selling pressure after the retail component of their recent equity raise closed a bit underdone. 4.4m shares were placed with the underwriter after around 40% of eligible shareholders took up their entitlement. It’s likely this will have some overhang on the stock into early next week, however we continue to like it and may add to the position into further weakness. It’s far cheaper than DOCU US and is gearing up after recent acquisitions.
scroll
Question asked
Question asked
Question asked
Question asked
Question asked
Buy Hold Sell: The best and worst performers of FY25
Close
Friday 4th July – Dow up +344pts, SPI up +27pts
Close
Thursday 3rd July – ASX -42pts, PME, NWH, GLF
Close
MM is bullish NTO
Add To Hit List
Related Q&A
What are MM’s thoughts towards Nitro Software (NTO)?
Update on 4 emerging company share positions
MM thoughts on WSP, AD8 & NTO
Is it time to take tweak some positions?
Thoughts on Pointsbet & Nitro?
Relevant suggested news and content from the site

Video
WATCH
Buy Hold Sell: The best and worst performers of FY25
James Gerrish & Henry Jennings

Podcast
LISTEN
Friday 4th July – Dow up +344pts, SPI up +27pts
Daily Podcast Direct from the Desk

Podcast
LISTEN
Thursday 3rd July – ASX -42pts, PME, NWH, GLF
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.