55,955 Shares in Doximity, Inc. $DOCS Bought by Strategic Global Advisors LLC

Strategic Global Advisors LLC bought a new position in Doximity, Inc. (NYSE:DOCS) in the 4th quarter, Holdings Channel.com reports. The firm bought 55,955 shares of the company’s stock, valued at approximately $2,478,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DOCS. Northwestern Mutual Wealth Management Co. grew its position in Doximity by 99.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 796 shares of the company’s stock worth $35,000 after acquiring an additional 397 shares in the last quarter. Toth Financial Advisory Corp grew its position in Doximity by 100.0% in the fourth quarter. Toth Financial Advisory Corp now owns 1,000 shares of the company’s stock worth $44,000 after acquiring an additional 500 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Doximity by 35.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,539 shares of the company’s stock valued at $68,000 after buying an additional 405 shares during the period. Leonteq Securities AG purchased a new stake in Doximity during the fourth quarter valued at about $78,000. Finally, Kestra Advisory Services LLC purchased a new stake in Doximity during the fourth quarter valued at about $87,000. 87.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Doximity

In related news, Director Kira Scherer Wampler sold 9,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $26.06, for a total value of $234,540.00. Following the completion of the transaction, the director directly owned 19,839 shares of the company’s stock, valued at $517,004.34. This represents a 31.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Siddharth Sitaram sold 2,444 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $20.41, for a total transaction of $49,882.04. Following the completion of the transaction, the insider directly owned 90,706 shares of the company’s stock, valued at approximately $1,851,309.46. The trade was a 2.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 16,180 shares of company stock valued at $395,110. 31.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on DOCS. Weiss Ratings lowered shares of Doximity from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Freedom Capital upgraded shares of Doximity to a “strong-buy” rating in a research report on Tuesday, March 17th. BMO Capital Markets cut their price target on shares of Doximity from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, May 14th. Wells Fargo & Company restated an “equal weight” rating and set a $18.00 price target (down from $32.00) on shares of Doximity in a research report on Thursday, May 14th. Finally, KeyCorp lowered shares of Doximity from an “overweight” rating to a “sector weight” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.62.

Doximity Trading Down 0.1%

DOCS stock opened at $20.02 on Monday. Doximity, Inc. has a 1 year low of $17.15 and a 1 year high of $76.51. The company has a market capitalization of $3.66 billion, a P/E ratio of 20.22, a P/E/G ratio of 3.41 and a beta of 1.30. The business has a 50-day moving average of $22.30.

Doximity Profile

Doximity, trading as DOCS, operates a digital professional network and communications platform designed primarily for clinicians. Headquartered in San Francisco, the company connects physicians, nurse practitioners, physician assistants and other healthcare professionals, providing tools that streamline clinical communication, telehealth delivery and access to specialty-specific medical information. Its platform is positioned as a professional hub where clinicians manage their workflows, stay current with medical news and collaborate securely with peers.

The company’s offerings include secure messaging and video telehealth capabilities that enable clinicians to consult with patients and colleagues while protecting patient information.