Doximity, Inc. (NASDAQ:DOCS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of Doximity, Inc. (NASDAQ:DOCS) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,934 shares of the company’s stock after selling 13,739 shares during the quarter. New York State Common Retirement Fund’s holdings in Doximity were worth $2,382,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its stake in shares of Doximity by 16.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,301 shares of the company’s stock worth $93,000 after buying an additional 473 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Doximity during the 3rd quarter worth approximately $109,000. PNC Financial Services Group Inc. increased its position in shares of Doximity by 16.6% during the third quarter. PNC Financial Services Group Inc. now owns 6,500 shares of the company’s stock worth $138,000 after purchasing an additional 925 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Doximity by 174.5% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,929 shares of the company’s stock valued at $146,000 after purchasing an additional 4,405 shares in the last quarter. Finally, Pier 88 Investment Partners LLC lifted its holdings in Doximity by 13.0% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 10,760 shares of the company’s stock valued at $228,000 after purchasing an additional 1,240 shares in the last quarter. 87.19% of the stock is owned by institutional investors and hedge funds.

Doximity Stock Down 0.9 %

Shares of DOCS opened at $24.37 on Wednesday. Doximity, Inc. has a 52-week low of $19.71 and a 52-week high of $36.29. The company has a market capitalization of $4.55 billion, a PE ratio of 36.92, a price-to-earnings-growth ratio of 3.03 and a beta of 1.18. The stock has a fifty day simple moving average of $26.38 and a two-hundred day simple moving average of $26.34.

Doximity (NASDAQ:DOCS) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The firm had revenue of $135.28 million during the quarter, compared to the consensus estimate of $127.46 million. Doximity had a return on equity of 16.08% and a net margin of 29.39%. As a group, equities analysts anticipate that Doximity, Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DOCS. SVB Leerink began coverage on Doximity in a report on Monday, February 26th. They issued a “market perform” rating and a $32.00 price objective on the stock. Wells Fargo & Company raised their price objective on Doximity from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. JPMorgan Chase & Co. upgraded Doximity from an “underweight” rating to a “neutral” rating and set a $25.00 price objective on the stock in a report on Thursday, April 25th. Bank of America raised their price objective on Doximity from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, January 23rd. Finally, Morgan Stanley restated an “underweight” rating and issued a $25.00 price objective on shares of Doximity in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Doximity has an average rating of “Hold” and an average price target of $28.82.

Insider Buying and Selling

In related news, Director Kira Scherer Wampler sold 2,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $26.97, for a total transaction of $67,425.00. Following the completion of the sale, the director now directly owns 10,258 shares of the company’s stock, valued at approximately $276,658.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 39.40% of the company’s stock.

About Doximity

Doximity, Inc operates a cloud-based digital platform for medical professionals in the United States. The company's platform provides its members with tools built for medical professionals, enabling them to collaborate with their colleagues, coordinate patient care, conduct virtual patient visits, stay up to date with the latest medical news and research, and manage their careers.