Moran Wealth Management LLC Sells 314 Shares of Doximity, Inc. $DOCS

Moran Wealth Management LLC cut its stake in Doximity, Inc. (NASDAQ:DOCS) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,867 shares of the company’s stock after selling 314 shares during the quarter. Moran Wealth Management LLC’s holdings in Doximity were worth $3,734,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ballentine Partners LLC acquired a new position in Doximity in the 1st quarter worth about $201,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Doximity by 196.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,570 shares of the company’s stock valued at $787,000 after acquiring an additional 8,995 shares during the last quarter. Bank of Nova Scotia acquired a new position in shares of Doximity during the first quarter valued at approximately $651,000. New York State Teachers Retirement System raised its holdings in shares of Doximity by 10.9% during the first quarter. New York State Teachers Retirement System now owns 113,145 shares of the company’s stock valued at $6,566,000 after acquiring an additional 11,078 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Doximity during the first quarter valued at approximately $3,125,000. 87.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DOCS has been the subject of a number of research analyst reports. Truist Financial increased their target price on Doximity from $52.00 to $61.00 and gave the company a “hold” rating in a report on Thursday, July 17th. Zacks Research cut Doximity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Robert W. Baird increased their target price on Doximity from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Evercore ISI increased their target price on Doximity from $75.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Finally, Piper Sandler upped their price target on Doximity from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Doximity currently has an average rating of “Hold” and an average target price of $69.37.

Insider Activity at Doximity

In related news, Director Timothy S. Cabral sold 20,000 shares of Doximity stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $75.00, for a total value of $1,500,000.00. Following the completion of the transaction, the director directly owned 3,221 shares in the company, valued at approximately $241,575. This trade represents a 86.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kira Scherer Wampler sold 2,000 shares of Doximity stock in a transaction on Friday, August 1st. The shares were sold at an average price of $57.09, for a total value of $114,180.00. Following the completion of the transaction, the director owned 16,618 shares of the company’s stock, valued at approximately $948,721.62. This trade represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,000 shares of company stock worth $2,635,880. Company insiders own 31.30% of the company’s stock.

Doximity Stock Down 0.7%

DOCS opened at $67.06 on Wednesday. The firm has a market cap of $12.56 billion, a P/E ratio of 67.06, a P/E/G ratio of 4.10 and a beta of 1.38. The business has a fifty day simple moving average of $68.83 and a 200-day simple moving average of $61.07. Doximity, Inc. has a 52 week low of $40.87 and a 52 week high of $85.21.

Doximity (NASDAQ:DOCS) last released its earnings results 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%.The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. Doximity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Sell-side analysts expect that Doximity, Inc. will post 0.99 earnings per share for the current year.

Doximity 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.