Here’s Why You Should Remain Optimistic in DocuSign (DOCU)

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Mid-cap stocks overall posted solid gains in the final quarter of 2021. As was the case for the majority of the year, the Russell Midcap® Growth Index (up 2.85%) lagged behind its Russell Midcap® Value Index (up 8.54%) counterpart. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Carillon Tower Advisers, in its Q4 2021 investor letter, mentioned DocuSign, Inc. (NASDAQ: DOCU) and discussed its stance on the firm. DocuSign, Inc. is a San Francisco, California-based electronic signature technology company with a $25.3 billion market capitalization. DOCU delivered a -5.60% return since the beginning of the year, while its 12-month returns are down by 30.03%. The stock closed at $128.16 per share on February 09, 2022.

Here is what Carillon Tower Advisers has to say about DocuSign, Inc. in its Q4 2021 investor letter:

“DocuSign is a provider of electronic signature solutions. As one of the clear beneficiaries of the pandemic-induced work-from-home environment, the firm had been growing at a significant pace. It appears, however, that growth is currently slowing from the torrid levels seen in the second half of 2020 and first half of 2021. We remain positive on the company’s outlook as it is the largest vendor in the e-signature space, and it possesses a clear brand name as well as a sizable lead over the majority of smaller players. The firm’s profitability should also help it re-accelerate growth again in the future.”

Photo by DocuSign on Unsplash

Our calculations show that DocuSign, Inc. (NASDAQ: DOCU) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. DOCU was in 51 hedge fund portfolios at the end of the third quarter of 2021, compared to 58 funds in the previous quarter. DocuSign, Inc. (NASDAQ: DOCU) delivered a 1.71% return in the past 3 months.

In January 2022, we also shared another hedge fund’s views on DOCU in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.