Jim Cramer Is Bearish on These 5 Stocks

4. DocuSign, Inc. (NASDAQ:DOCU)

Number of Hedge Fund Holders: 49  

DocuSign, Inc. (NASDAQ:DOCU) offers cloud-based software services. On March 4, Cramer gave his view of the company during the Discussed Stock segment of his show, noting that DocuSign was suffering from being a “COVID stock” and was actually a very good company with a very bad stock. 

Elite hedge funds are bullish on DocuSign, Inc. (NASDAQ:DOCU) stock. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Tiger Global Management LLC is a leading shareholder in DocuSign, Inc. (NASDAQ:DOCU) with 6.9 million shares worth more than $1 billion. 

In its Q2 2021 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and DocuSign, Inc. (NASDAQ:DOCU) was one of them. Here is what the fund said:

“DocuSign, Inc. (NASDAQ:DOCU) provides electronic signature solutions. The firm reported an excellent quarter and investors have appreciated the strong growth combined with the excellent margins the company has posted. DocuSign, Inc. (NASDAQ:DOCU) has a long runway of growth ahead and we believe that it remains in a favorable position to continue gaining market share from traditional manual and paper-based signature solutions.”