Shares of eSignature provider DocuSign were up over 5% at mid-day Friday following the company’s strong earnings report after the markets closed yesterday.
Shares were trading at $311.16 at noon, accounting for a total gain of $16.59 per share.
Yesterday, DocuSign reported per share earnings of $0.47 on top of quarterly revenues of $511.8m compared to consensus estimates of $0.40 EPS on revenue of $487m.
DocuSign’s fiscal Q2 2021 totals represent EPS gains of 176% and revenue growth of 50% when compared to last year.
However, shares of the company dipped during after-hours trading on Thursday as investors wonder whether its growth can continue.
Mid-day, DocuSign is trading just below its 52-week high of $314.70 at more than $311 per share.
However, that doesn’t seem to be deterring investors. The shares have seen a significant increase in daily trading volume. In mid-August, shares of DocuSign saw an average trading volume of 1 million shares exchange hands.
As the calendar turned to September, DocuSign’s volume has increased to nearly 4 million shares traded per day.