IFP Advisors Inc Decreases DocuSign Holdings by 28.1% in Fourth Quarter

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DOCUSIGN ($NASDAQ:DOCU): DocuSign, Inc. is a leading digital transaction management platform headquartered in San Francisco, California. The company provides a secure electronic signature platform that enables users to quickly and securely sign, send, and manage documents online. DocuSign’s stock is traded on the NASDAQ stock exchange under the ticker symbol “DOCU”. IFP Advisors Inc recently revealed in its latest 13F filing with the Securities and Exchange Commission that it has reduced its stake in DocuSign, Inc. by 28.1% in the fourth quarter. The filing also revealed that IFP Advisors Inc has sold off some of its position in DocuSign. The filing does not provide any further information regarding the reasons for the decrease in holdings.

However, it is likely that IFP Advisors Inc is taking profits from its position in DocuSign, as the stock has seen a significant increase in value over the last year.

Analysis

At GoodWhale we recently conducted an analysis of DOCUSIGN’s financials. According to Star Chart, DOCUSIGN has a high health score of 7/10 with regard to its cashflows and debt, indicating that it is capable of sustaining future operations in times of crisis. Furthermore, DOCUSIGN is strong in terms of growth, medium in terms of asset accumulation and weak in terms of dividend and profitability. We have classified DOCUSIGN as a ‘cheetah’- a type of company that achieves rapid revenue or earnings growth but is less stable due to lower profitability. Given this assessment, we have concluded that DOCUSIGN is likely to be attractive to investors looking for rapid growth potential, despite the potential risks of lower stability and profitability. In particular, investors looking for short-term capital gains from rapid growth may be interested in investing in DOCUSIGN. Additionally, investors with a greater risk tolerance may also find DOCUSIGN attractive as the company exhibits strong cashflow and debt metrics, despite its lower profitability. DocuSign_Holdings_by_28.1_in_Fourth_Quarter”>More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Docusign. DocuSign_Holdings_by_28.1_in_Fourth_Quarter”>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Docusign. DocuSign_Holdings_by_28.1_in_Fourth_Quarter”>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Docusign. DocuSign_Holdings_by_28.1_in_Fourth_Quarter”>More…

Key Ratios Snapshot

Some of the financial key ratios for Docusign are shown below. DocuSign_Holdings_by_28.1_in_Fourth_Quarter”>More…

Peers

The company has a number of competitors, including Adobe Inc, Microsoft Corp, and Monday.Com Ltd.

– Adobe Inc ($NASDAQ:ADBE)

Adobe Inc. is an American multinational computer software company headquartered in San Jose, California. The company has a market cap of 153.82B as of 2022 and a ROE of 26.76%. Adobe Inc. develops, manufactures, and markets computer software products and services. The company’s products include Creative Cloud, Photoshop, Illustrator, InDesign, Premiere Pro, After Effects, and Dreamweaver. Creative Cloud is a subscription-based service that provides access to Adobe’s creative products. Photoshop is a raster graphics editor used for photo editing, graphic design, and web design. Illustrator is a vector graphics editor used for illustrations, logos, and branding. InDesign is a page layout and typesetting application used for print and digital publishing. Premiere Pro is a video editing software used for film, television, and online video. After Effects is a digital visual effects and motion graphics software used in film and television post-production. Dreamweaver is a web development application used for creating and editing websites.

– Microsoft Corp ($NASDAQ:MSFT)

Microsoft Corporation is an American multinational technology company with a market cap of $1.8 trillion and a ROE of 31.9%. The company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.

– Monday.Com Ltd ($NASDAQ:MNDY)

Monday.com Ltd is a publicly traded company with a market capitalization of 4.36 billion as of 2022. The company has a return on equity of -16.81%. Monday.com Ltd is a provider of enterprise software solutions. The company’s products are used by organizations to manage their businesses and processes. Monday.com Ltd’s products are used by a variety of industries, including healthcare, retail, manufacturing, and logistics. The company has a presence in a number of countries, including the United States, Canada, the United Kingdom, and Australia.

Summary

DocuSign, Inc. is an electronic signature technology company that offers cloud-based services for signing and managing documents. Investing in DocuSign has been a popular option for many investors, as the company has seen its stock price steadily increase over the past year. Despite this, the stock price still moved up the same day, indicating that investors remain confident in the company’s prospects going forward.

Overall, DocuSign offers a reliable investment opportunity, with its strong technology platform and innovative products that are becoming increasingly popular. Its future looks bright, as more companies start to embrace digital solutions.