Hussman Strategic Advisors Inc. Has $2.30 Million Position in Doximity, Inc. $DOCS

Hussman Strategic Advisors Inc. lessened its holdings in shares of Doximity, Inc. (NASDAQ:DOCS) by 40.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,500 shares of the company’s stock after selling 21,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Doximity were worth $2,304,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DOCS. Hantz Financial Services Inc. lifted its stake in Doximity by 148.9% in the second quarter. Hantz Financial Services Inc. now owns 453 shares of the company’s stock valued at $28,000 after buying an additional 271 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Doximity during the third quarter worth $30,000. Whittier Trust Co. of Nevada Inc. lifted its position in Doximity by 59.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 480 shares of the company’s stock valued at $35,000 after acquiring an additional 179 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in Doximity by 150.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 500 shares of the company’s stock worth $37,000 after purchasing an additional 300 shares during the period. Finally, First Horizon Corp bought a new position in Doximity during the 3rd quarter worth about $58,000. 87.19% of the stock is owned by institutional investors.

Doximity Stock Down 3.6%

NASDAQ:DOCS opened at $38.95 on Wednesday. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 4.10 and a beta of 1.39. Doximity, Inc. has a twelve month low of $38.90 and a twelve month high of $85.21. The stock’s 50 day moving average price is $45.01 and its two-hundred day moving average price is $58.09.

Doximity (NASDAQ:DOCS) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. Doximity had a return on equity of 21.75% and a net margin of 36.60%.The company’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. As a group, analysts anticipate that Doximity, Inc. will post 0.99 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on DOCS. Royal Bank Of Canada began coverage on Doximity in a report on Thursday, January 8th. They issued an “outperform” rating and a $59.00 price target on the stock. Barclays initiated coverage on Doximity in a research report on Monday, December 8th. They issued an “overweight” rating and a $63.00 target price on the stock. KeyCorp reduced their price target on Doximity from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Truist Financial set a $62.00 price objective on shares of Doximity in a report on Thursday, January 8th. Finally, Canaccord Genuity Group set a $48.00 price objective on shares of Doximity in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.74.

Insider Activity at Doximity

In other news, Director Kira Scherer Wampler sold 2,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $66.44, for a total transaction of $132,880.00. Following the transaction, the director directly owned 19,839 shares in the company, valued at $1,318,103.16. The trade was a 9.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.30% of the stock is currently owned by company insiders.

Doximity Company Profile

Doximity, Inc, headquartered in San Francisco, California, operates the leading professional medical network for healthcare professionals in the United States. Founded in 2011 by Jeff Tangney and Shari Buck, the company set out to create a secure digital environment where physicians, nurse practitioners and physician assistants can collaborate, share information and stay current with clinical news. Doximity went public in June 2021 and trades on the NASDAQ under the ticker symbol “DOCS.”

The core offering of Doximity is its HIPAA-compliant communication platform, which includes a secure messaging system, digital fax services and telehealth capabilities.