Voya Investment Management LLC Buys 22,409 Shares of Doximity, Inc. $DOCS

Voya Investment Management LLC raised its position in Doximity, Inc. (NASDAQ:DOCS) by 24.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,945 shares of the company’s stock after purchasing an additional 22,409 shares during the quarter. Voya Investment Management LLC owned 0.06% of Doximity worth $6,670,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new stake in Doximity in the first quarter worth $29,000. Allworth Financial LP raised its stake in shares of Doximity by 104.0% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $32,000 after purchasing an additional 287 shares during the period. National Bank of Canada FI purchased a new position in Doximity in the first quarter valued at approximately $33,000. Spire Wealth Management increased its stake in shares of Doximity by 73.2% in the first quarter. Spire Wealth Management now owns 615 shares of the company’s stock worth $36,000 after purchasing an additional 260 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in Doximity by 70.7% during the 1st quarter. Brooklyn Investment Group now owns 746 shares of the company’s stock valued at $43,000 after acquiring an additional 309 shares during the period. Institutional investors own 87.19% of the company’s stock.

Insiders Place Their Bets

In other news, Director Timothy S. Cabral sold 10,000 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the sale, the director directly owned 6,360 shares of the company’s stock, valued at $381,600. This represents a 61.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kira Scherer Wampler sold 2,000 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $57.09, for a total transaction of $114,180.00. Following the sale, the director owned 16,618 shares in the company, valued at $948,721.62. The trade was a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,000 shares of company stock worth $2,281,880 over the last three months. 31.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on DOCS. Bank of America raised their price target on shares of Doximity from $55.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, June 25th. Piper Sandler raised their price target on Doximity from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Monday, August 11th. Needham & Company LLC lifted their price target on shares of Doximity from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 8th. Raymond James Financial set a $75.00 price target on shares of Doximity in a research note on Wednesday, September 10th. Finally, BTIG Research upgraded Doximity from a “neutral” rating to a “buy” rating and set a $80.00 price target for the company in a report on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Doximity Stock Up 0.8%

Shares of DOCS opened at $72.65 on Thursday. The business has a 50-day simple moving average of $64.24 and a two-hundred day simple moving average of $59.95. Doximity, Inc. has a 52 week low of $39.62 and a 52 week high of $85.21. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 72.65, a PEG ratio of 4.10 and a beta of 1.37.

Doximity (NASDAQ:DOCS) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Doximity had a return on equity of 21.75% and a net margin of 36.60%.During the same quarter in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Doximity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities analysts anticipate that Doximity, Inc. will post 0.99 earnings per share for the current fiscal year.

Doximity Company Profile

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.