{
  "symbol": "DOCU",
  "company": "DocuSign, Inc.",
  "generated_at": "2026-06-24T07:36:47.257Z",
  "event_count": 3,
  "events": [
    {
      "type": "pipeline_event",
      "ts": "2026-06-03T00:43:08.996Z",
      "stage": "analyst",
      "outcome": "skip",
      "reason": "Score falls well below the 45 threshold due to zero smart-money conviction (net insider selling), lack of technical momentum, and material anti-signals (ongoing litigation and dilution) that trigger mandatory skip gates. While forward P/E is discounted, the EV/EBITDA premium and weak cash flow profile negate the mispricing edge, making neither a long nor income structure attractive at this juncture.",
      "trigger": "[insider_cluster_universe] 7 Form 4 filings in last 14 days · at least one open-market P/S trade verified",
      "source": "idle_hunter"
    },
    {
      "type": "analyst_decision",
      "ts": "2026-06-03T00:43:08.968Z",
      "skip": true,
      "reason": "Score falls well below the 45 threshold due to zero smart-money conviction (net insider selling), lack of technical momentum, and material anti-signals (ongoing litigation and dilution) that trigger mandatory skip gates. While forward P/E is discounted, the EV/EBITDA premium and weak cash flow profile negate the mispricing edge, making neither a long nor income structure attractive at this juncture.",
      "score": 29,
      "breakdown": {
        "smart_money": 0,
        "options_flow": 0,
        "catalyst": 10,
        "mispricing": 5,
        "quality": 10,
        "technical": 4
      },
      "debug_path": "drafts/2026-06-03-DOCU.analyst.debug.json"
    },
    {
      "type": "scout_dossier",
      "ts": "2026-06-03T00:42:29.687Z",
      "summary": "The 7-form-4 cluster trigger was confirmed, but after reading each filing in full, the activity is entirely RSU vesting conversions (M codes) plus Rule 10b5-1 pre-scheduled selling by the CEO, CFO, and CRO at prices below today's $55. There were ZERO open-market purchases (P-codes). DocuSign has real near-term catalysts — Q1 FY2027 earnings June 4th, new IAM AI integrations just announced in ChatGPT/Codex/MCP ecosystem, a new CPO starting July 6th — but the stock is already up ~35% from its February lows and within ~8% of the 52-week high. Forward P/E of ~10.9x looks cheap versus software peers (20-25x), yet EV/EBITDA of 29.7x, a weak current ratio of 0.73, and elevated IV (~90%) make this fundamentally healthy but not mispriced. No asymmetric long setup materializes from the data; however, with earnings tomorrow (June 4) and high implied volatility, an income structure is viable.",
      "verdict": "range_bound_or_income",
      "confidence": 5,
      "tool_calls": 25,
      "walltime_min": 36,
      "debug_path": "dossiers/2026-06-03-DOCU.scout.debug.json"
    }
  ],
  "lessons": [],
  "chart_signal": {
    "ticker": "DOCU",
    "call": "SELL",
    "confidence": 5,
    "score": -9,
    "factors": {
      "below_200dma": "-2",
      "below_50dma": "-1",
      "momentum_strong_down": "-2 (-35.3%)",
      "rsi_neutral": "0 (37.1)",
      "recent_macd_bearish_cross": "-2 (11d ago)",
      "broken_below_high": "-2 (-49.8% from high)"
    },
    "summary": "SELL (score -9) · 12-1 mom -35.3% · RSI 37.1 · below_both · -49.8% from high",
    "last_close": 42.67,
    "one_month_ago_close": 48.97,
    "twelve_month_ago_close": 75.64,
    "twelve_one_momentum_pct": -35.26,
    "rsi_14": 37.1,
    "ma_stack": "below_both",
    "from_period_high_pct": -49.81,
    "period_high": 85.01,
    "price_targets": {
      "bear": 46.89,
      "fair": 49.72,
      "bull": 97.76,
      "bear_return_pct": 9.9,
      "fair_return_pct": 16.5,
      "bull_return_pct": 129.1,
      "method": "street_targets ⨯ chart_floors",
      "street": {
        "target_low": 46.89,
        "target_mean": 59.32722,
        "target_high": 90,
        "analyst_count": 18
      }
    },
    "generated_at": "2026-06-24T07:36:47.253Z"
  }
}