Latest news with #DocuSign
Yahoo
2 days ago
- Business
- Yahoo
Jim Cramer on DocuSign Stock: 'It's Time to Sell'
DocuSign, Inc. (NASDAQ:DOCU) is one of the 11 stocks Jim Cramer put under the microscope recently. Answering a caller's query about the company during the lightning round, Cramer stated: 'You know, I thought the last quarter was good, and nobody liked it. I swear to God, I thought all the different innovations were good. People thought the revenues were too weak. I'm going to go with the flow and tell you it's time to sell.' A software engineer in front of a computer screen, typing code to build the company's electronic signature software. DocuSign (NASDAQ:DOCU) provides an AI-driven agreement management platform that includes electronic signatures, automated contract workflows, document generation, and identity verification tools. For the fiscal year ending January 31, 2026, the company expects total revenue to be between $3.151 billion and $3.163 billion. Subscription revenue is projected to range from $3.083 billion to $3.095 billion. DocuSign (NASDAQ:DOCU) anticipates billings between $3.285 billion and $3.339 billion. Furthermore, the company's non-GAAP operating margin is expected to be between 27.8% and 28.8%. While we acknowledge the potential of DOCU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Commonwealth Recruits $430M Phoenix Practice From Osaic
You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. Commonwealth Financial Network, which penned a deal in March to be acquired by LPL Financial, has added Patrick Funke & Associates, a Phoenix-based team with about $430 million in client assets. The firm, run by advisor Patrick Funke and his wife, Jennifer Funke, was previously with Osaic. Prior to that, they were affiliated with Securities America, one of the broker/dealer entities that was consolidated into Osaic. Patrick Funke has built up his book of business over 25 years, focusing specifically on small corporate retirement plans. 'Oftentimes, a workplace 401(k) meeting can be the first interaction an investor has with an advisor,' he said in a statement. 'This provides an opportunity to make those meetings a gateway to making a genuine difference in people's lives.' Jennifer Funke said she likes that when they call Commonwealth, someone picks up the phone or calls back promptly. She also found the transition process was smooth. 'Now that we've transitioned, we're finding that opening a new account takes five minutes. The system generates all the forms, and it's easy for clients to approve via DocuSign,' she said in a statement. 'When we last changed our partner firm, it was for additional size and scale,' Patrick Funke said. 'That's not enough, though, because relationships are the lifeblood of our firm. The Commonwealth model means partnering with a high-level, professional team that's relationship-focused, not transaction-oriented. Looking ahead, Commonwealth and LPL will give us the foundation to grow our practice.' LPL announced plans in March to acquire Commonwealth for about $2.7 billion in cash, linking the country's largest independent broker/dealer with one known for its small cultural feel. Since then, several large broker/dealers have been more aggressively recruiting Commonwealth advisors. Just last week, Cetera Wealth Management President Todd Mackay made the case in a second open letter to Commonwealth advisors that Cetera could help them avoid some of the pitfalls they might find in a move to LPL. This letter follows one Mackay sent in April, imploring Commonwealth advisors to consider Cetera—a call made by other advisory firms, including Osaic, Raymond James and Kestra. During an earnings call in May, LPL CEO Rich Steinmeier expressed confidence in his firm retaining 90% of Commonwealth advisors, noting regular engagement and retention discussions with those advisors. On that call, Chief Financial Officer Matt Audette added that, despite the competitors vying for Commonwealth advisors, he didn't see many 'credible players' that could poach them. LPL expects to close the transaction in the second half of 2025 and finish converting advisors to its platform in early 2026. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Billionaire Stanley Druckenmiller Loaded Up on These 3 Stocks. Are They Buys?
DocuSign's recent pullback appears to have presented a great buying opportunity for Druckenmiller. The billionaire boosted his stake in Flutter Entertainment by nearly 2,000% in Q1. He also bought a lot more of Teva Pharmaceutical, the second-largest holding of his family office. 10 stocks we like better than Docusign › Stanley Druckenmiller made a fortune working alongside billionaire George Soros. He ran his own hedge fund for years before closing it in 2010. Today, Druckenmiller has a net worth of $6.9 billion and manages nearly $3 billion for his Duquesne Family Office. Given Druckenmiller's tremendous success, could other investors find great stock picks by following his moves? Maybe so. Here are three stocks the billionaire loaded up on in the first quarter of 2025 -- and whether they're smart picks to buy right now. DocuSign (NASDAQ: DOCU) is the world's leading software provider of electronic signature and contract lifecycle management solutions. Its products are used by nearly 1.7 million customers, including 95% of Fortune 500 companies. The stock has declined by a double-digit percentage so far in 2025 (16%), including 9.5% in the first quarter. However, DocuSign's shares are still up more than 40% over the last 12 months. Druckenmiller seems to have viewed the pullback as a great buying opportunity. In the first quarter, filings show his family office initiated a new position in DocuSign, buying 1.07 million shares. It was the largest new holding for the billionaire in Q1 and immediately vaulted into his top 10 positions. This wasn't Druckenmiller's first purchase of DocuSign, though. He also bought the stock in 2019 and 2020, quickly selling for profits both times. Flutter Entertainment (NYSE: FLUT) ranks as the top online sports betting and gaming operator in the world. Its platforms include FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal1, tombola, Betfair, TVG, Junglee Games, and Adjarabet. Like DocuSign, Flutter Entertainment has seen its share price soar more than 40% over the last 12 months. The stock has taken investors on a roller-coaster ride this year, though, falling as much as 31% before recovering. Druckenmiller might have swooped in during Flutter's downswing earlier this year. His family office boosted its stake in the online sports betting and gaming company by a whopping 1,985.5%. That was the biggest increase on a percentage basis in Q1 of any stock in the billionaire's portfolio. Teva Pharmaceutical (NYSE: TEVA) is a major drugmaker based in Israel. Its top-selling product is Austedo, a drug approved for treating involuntary movements caused by Huntington's disease chorea or tardive dyskinesia. Teva also markets many other drugs, including a long list of generics and biosimilars. It's been a rough year for Teva shareholders so far in 2025. The pharma stock plunged more than 40% before rebounding. However, Teva's share price is still down more than 20% year to date and is barely in positive territory over the last 12 months. On a dollar basis, Teva was Druckenmiller's biggest purchase in Q1. He increased his stake in the drugmaker by 65.4%, with his 14.88 million shares worth $228.7 million at the end of the quarter. Teva ranks as Duquesne Family Office's second-largest holding. Druckenmiller has owned a position in Teva off and on through the years. He first bought the pharma stock in 2013 but sold all his shares less than a year later. The billionaire scooped up Teva shares again in early 2014 and exited the position the next quarter. He began building his latest stake in Teva in the third quarter of 2024. I don't think any of these three stocks bought by Druckenmiller in Q1 are bad picks for long-term investors. However, no one should buy any of them just because he did. As we've seen, the billionaire often buys stocks and then sells them quickly afterward. It wouldn't be surprising if Druckenmiller reduces his positions in DocuSign, Flutter, or Teva in Q2. DocuSign could be the best long-term pick of the group. The company's financials are strong. DocuSign's Intelligent Agreement Management (IAM) platform should be a major growth driver over the coming years. If you aren't opposed to so-called "sin stocks," Flutter Entertainment could be attractive. Analysts surveyed by LSEG think Flutter will grow its earnings by nearly 46% next year. Unsurprisingly, this stock is quite popular on Wall Street, with 22 of the 27 analysts surveyed by LSEG rating it as a buy or a strong buy. Value investors could find Teva appealing. The drugmaker's shares trade at a forward earnings multiple of only 6.5. Before you buy stock in Docusign, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Docusign wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Keith Speights has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Docusign. The Motley Fool recommends Flutter Entertainment Plc. The Motley Fool has a disclosure policy. Billionaire Stanley Druckenmiller Loaded Up on These 3 Stocks. Are They Buys? was originally published by The Motley Fool
Business Wire
7 days ago
- Business
- Business Wire
Patrick Funke & Associates Chooses Commonwealth for Operational Ease and Efficiency
WALTHAM, Mass.--(BUSINESS WIRE)--Commonwealth Financial Network ®, a national RIA dedicated to providing financial advisors with holistic, integrated business solutions, welcomes Phoenix, Arizona-based Patrick Funke & Associates to its network of independent advisors. Advisor Patrick Funke, CLU ®, ChFC ®, AIF ®, manages the practice together with his wife and longtime business partner, Jennifer Funke. Previously with Osaic, the team reported advising on more than $430 million in client assets.* The Commonwealth model means partnering with a high-level, professional team that's relationship-focused, not transaction-oriented. Share 'Patrick and Jennifer sought an operational model that would free up time to focus on client service and growing their practice, and we're honored that they found their long-term fit with Commonwealth,' said Becca Hajjar, managing principal and chief business development officer. More than 25 years ago, Patrick Funke recognized an opportunity to build a sustainable niche serving small corporate retirement plans with a strong focus on participant education. 'Oftentimes, a workplace 401(k) meeting can be the first interaction an investor has with an advisor,' explained Funke. 'This provides an opportunity to make those meetings a gateway to making a genuine difference in people's lives.' The practice has grown entirely by word-of-mouth referrals. Its individual, family, and trust clients include business owners and others connected to its retirement plan business, among others. 'We aim to be a lower-cost provider, offering financial planning and investment services consistent with what I describe as an evidence-based approach to investment selection,' said Funke. Learn more about the practice at In selecting a partner firm, Jennifer Funke emphasized the need for efficiency, order, and intuitive technology. 'With the Commonwealth approach, we appreciate that when we have questions, people pick up the phone, listen, and call back promptly,' she said. Since the practice serves hundreds of clients, the Funkes were wary about the transition process but found it smooth. 'Now that we've transitioned, we're finding that opening a new account takes five minutes. The system generates all the forms, and it's easy for clients to approve via DocuSign.' 'I'm getting time back already,' said Patrick Funke. 'When we last changed our partner firm, it was for additional size and scale. That's not enough, though, because relationships are the lifeblood of our firm. The Commonwealth model means partnering with a high-level, professional team that's relationship-focused, not transaction-oriented. Looking ahead, Commonwealth and LPL will give us the foundation to grow our practice.' About Commonwealth Financial Network® Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides financial advisors with holistic, integrated solutions that support business evolution, growth acceleration, and operational efficiency. J.D. Power ranks Commonwealth '#1 in Independent Advisor Satisfaction Among Financial Investment Firms, 11 Times in a Row.' Privately held since 1979, the firm has headquarters in Waltham, Massachusetts, and San Diego, California, and an operations hub in Blue Ash, Ohio. Learn more about how Commonwealth partners with approximately 2,345 independent financial advisors overseeing more than $344 billion** in assets nationwide by visiting Commonwealth received the highest score among independent advisors in the J.D. Power 2010, 2012–2014, and 2018‒2024 U.S. Financial Advisor Satisfaction Studies. Presented on July 10, 2024, for January to May of 2024, it is based on responses from 4,072 advisors employed by or affiliated with the firms included in the study. Not indicative of the firm's future performance. Your experience may vary. Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee. Visit for more details. ** As of 12/31/2024
Yahoo
7 days ago
- Business
- Yahoo
DocuSign Misses Billings Targets, RBC Maintains Price Target Despite Weak Outlook
DocuSign Inc. (NASDAQ:DOCU) is one of billionaire Stan Druckenmiller's top stock picks with huge upside potential. RBC Capital analysts maintained their price target at $90 for DocuSign Inc. (NASDAQ:DOCU) alongside a Sector Perform rating on June 6. The update followed the company's recent quarterly report, which revealed mixed results. Stocks DocuSign Inc. (NASDAQ:DOCU)reported weaker-than-expected billings growth, which contributed to the company's price falling by 17% during after-hours trading. The company reported that despite its net revenue retention (NRR) staying steady at 101%, its billings growth was just 4% greater year-over-year, falling short of both guidance and the consensus. The company also updated its fiscal year 2026 billings projection, reducing it by $15 million below the midpoint consensus. In addition, the second quarter billings guidance fell short of expectations. That said, improved gross retention along with increased IAM upsells might lead to increases in dollar net retention over the year, according to management. DocuSign Inc. (NASDAQ:DOCU) is a global provider of electronic signature solutions. It delivers document generation, contract lifecycle management (CLM), and an AI-powered Intelligent Agreement Management (IAM) platform. While we acknowledge the potential of DOCU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
