UMB Bank n.a. Buys 736 Shares of Doximity, Inc. (NASDAQ:DOCS)

UMB Bank n.a. boosted its position in shares of Doximity, Inc. (NASDAQ:DOCS) by 128.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,311 shares of the company’s stock after acquiring an additional 736 shares during the period. UMB Bank n.a.’s holdings in Doximity were worth $76,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Stratos Wealth Partners LTD. bought a new position in shares of Doximity in the fourth quarter worth approximately $203,000. Choreo LLC bought a new position in shares of Doximity during the fourth quarter valued at about $256,000. State of Alaska Department of Revenue increased its holdings in shares of Doximity by 2.6% in the fourth quarter. State of Alaska Department of Revenue now owns 14,610 shares of the company’s stock worth $780,000 after buying an additional 370 shares during the period. Empowered Funds LLC bought a new position in Doximity during the 4th quarter worth approximately $3,009,000. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Doximity by 2.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 35,600 shares of the company’s stock worth $1,901,000 after purchasing an additional 900 shares during the last quarter. 87.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Doximity news, CFO Anna Bryson sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $57.23, for a total transaction of $2,575,350.00. Following the sale, the chief financial officer now directly owns 357,165 shares of the company’s stock, valued at $20,440,552.95. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kira Scherer Wampler sold 2,000 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $52.89, for a total value of $105,780.00. Following the completion of the transaction, the director now directly owns 16,618 shares in the company, valued at $878,926.02. This trade represents a 10.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,000 shares of company stock valued at $2,900,770. Company insiders own 37.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on DOCS shares. Mizuho lowered their price objective on shares of Doximity from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, May 16th. Truist Financial dropped their target price on shares of Doximity from $58.00 to $52.00 and set a “hold” rating on the stock in a report on Friday, May 16th. Morgan Stanley lowered their price target on shares of Doximity from $71.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. BTIG Research upgraded Doximity from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Doximity from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, May 27th. Eleven investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Doximity has an average rating of “Moderate Buy” and a consensus price target of $62.84.

Doximity Trading Down 1.8%

DOCS opened at $55.92 on Friday. The company’s 50 day moving average is $55.13 and its 200 day moving average is $58.43. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 55.92, a PEG ratio of 4.10 and a beta of 1.32. Doximity, Inc. has a 12-month low of $25.00 and a 12-month high of $85.21.

Doximity (NASDAQ:DOCS) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.27 by $0.11. Doximity had a return on equity of 21.75% and a net margin of 36.60%. Doximity’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. As a group, analysts predict that Doximity, Inc. will post 0.99 EPS for the current fiscal year.

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.