MGO One Seven LLC Cuts Stake in Doximity, Inc. $DOCS

MGO One Seven LLC trimmed its position in shares of Doximity, Inc. (NASDAQ:DOCSFree Report) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,319 shares of the company’s stock after selling 197 shares during the quarter. MGO One Seven LLC’s holdings in Doximity were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DOCS. VSM Wealth Advisory LLC purchased a new stake in Doximity during the 1st quarter valued at about $29,000. Allworth Financial LP grew its position in Doximity by 104.0% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock valued at $32,000 after purchasing an additional 287 shares during the last quarter. National Bank of Canada FI purchased a new stake in Doximity during the 1st quarter valued at about $33,000. Spire Wealth Management grew its position in Doximity by 73.2% during the 1st quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $36,000 after purchasing an additional 260 shares during the last quarter. Finally, Brooklyn Investment Group grew its position 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 purchasing an additional 309 shares during the last quarter. 87.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Doximity

In other news, Director Timothy S. Cabral sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $75.00, for a total value of $1,500,000.00. Following the transaction, the director owned 3,221 shares in the company, valued at $241,575. This represents a 86.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kira Scherer Wampler sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was 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 approximately $948,721.62. The trade was a 10.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,000 shares of company stock worth $2,635,880 in the last quarter. Company insiders own 31.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on DOCS. Evercore ISI increased their price objective on shares of Doximity from $75.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Robert W. Baird raised their price target on shares of Doximity from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $62.00 price target on shares of Doximity in a report on Friday, October 10th. Needham & Company LLC raised 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. Finally, Wells Fargo & Company raised their price target on shares of Doximity from $55.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Doximity presently has a consensus rating of “Hold” and an average price target of $69.37.

Check Out Our Latest Stock Report on DOCS

Doximity Stock Up 0.3%

Shares of NASDAQ:DOCS opened at $67.56 on Monday. The firm’s 50 day moving average price is $69.22 and its 200-day moving average price is $61.32. Doximity, Inc. has a twelve month low of $40.87 and a twelve month high of $85.21. The stock has a market capitalization of $12.65 billion, a PE ratio of 67.56, a price-to-earnings-growth ratio of 4.10 and a beta of 1.38.

Doximity (NASDAQ:DOCSGet Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. Doximity had a net margin of 36.60% and a return on equity of 21.75%. During the same period in the previous year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. Doximity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Analysts expect that Doximity, Inc. will post 0.99 earnings per share for the current fiscal year.

Doximity Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Doximity (NASDAQ:DOCS)

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