DocuSign Shares Gain in Premarket Trading After Inclusion in S&P MidCap 400

Shares of DocuSign saw an increase of over 5% in premarket trading on Tuesday following an announcement from S&P Dow Jones Indices that the software company will replace MDU Resources Group in the S&P MidCap 400.

In the same announcement, it was noted that MDU Resources will take the place of Chuy’s Holdings in the S&P SmallCap 600. This change comes as Chuy’s is set to be acquired by Darden Restaurants, the owner of Olive Garden, with the deal expected to close soon. Additionally, MDU Resources has plans to spin off its Everus construction services unit later this month.

These changes will take effect on October 11.

In September, DocuSign reported second-quarter earnings and revenue that surpassed expectations. The company recorded adjusted earnings per share of $0.97, exceeding analysts’ predictions of $0.81. Revenue for the quarter reached $736 million, reflecting a 7% year-over-year increase and exceeding the Wall Street consensus estimate of $727.2 million.

DocuSign also raised its revenue forecast for the third quarter to a range of $743 million to $747 million, up from a previous estimate of $725 million to $729 million. For the full fiscal year 2025, the company expects sales between $2.94 billion and $2.952 billion.

CEO Allan Thygesen emphasized the company’s advancements, remarking, “DocuSign continued its evolution with improved business stability and increased efficiency, resulting in record operating profit.” He also highlighted the launch of an artificial intelligence-powered contract management platform called Intelligent Agreement Management (IAM), expressing optimism about initial results and customer feedback.

“Overall, preliminary IAM adoption momentum is tracking as planned, and we look forward to the continued rollout to additional segments and geographies throughout the rest of the fiscal year,” Thygesen conveyed to analysts during a post-earnings call.