Doximity (NYSE:DOCS) Director Sells $57,820.00 in Stock

by · The Markets Daily

Doximity, Inc. (NYSE:DOCS – Get Free Report) Director Kira Wampler sold 2,000 shares of Doximity stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $28.91, for a total value of $57,820.00. Following the sale, the director directly owned 27,923 shares of the company’s stock, valued at approximately $807,253.93. This represents a 6.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kira Scherer Wampler also recently made the following trade(s):

  • On Tuesday, August 25th, Kira Wampler sold 2,000 shares of Doximity stock. The stock was sold at an average price of $24.95, for a total value of $49,900.00.

Doximity Price Performance

DOCS traded up $0.76 during trading on Monday, reaching $28.69. 3,163,822 shares of the company’s stock were exchanged, compared to its average volume of 4,016,835. Doximity, Inc. has a 1 year low of $17.15 and a 1 year high of $73.92. The stock has a market capitalization of $5.11 billion, a P/E ratio of 33.75, a price-to-earnings-growth ratio of 21.85 and a beta of 1.22. The company’s fifty day simple moving average is $25.19 and its 200-day simple moving average is $23.25.

Doximity (NYSE:DOCS – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. The firm had revenue of $156.62 million for the quarter. Doximity had a net margin of 25.48% and a return on equity of 18.06%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $0.36 earnings per share. Equities analysts forecast that Doximity, Inc. will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DOCS. Versant Capital Management Inc increased its position in Doximity by 1,176.9% during the third quarter. Versant Capital Management Inc now owns 1,826 shares of the company’s stock worth $52,000 after purchasing an additional 1,683 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Doximity by 207.9% in the 2nd quarter. Tidal Investments LLC now owns 43,761 shares of the company’s stock valued at $908,000 after buying an additional 29,546 shares during the period. Engineers Gate Manager LP increased its holdings in shares of Doximity by 15.9% during the 2nd quarter. Engineers Gate Manager LP now owns 285,198 shares of the company’s stock worth $5,915,000 after buying an additional 39,223 shares during the last quarter. RFG Advisory LLC acquired a new stake in shares of Doximity during the 2nd quarter worth approximately $1,161,000. Finally, Nykredit A S purchased a new stake in shares of Doximity during the 2nd quarter valued at approximately $96,000. Institutional investors and hedge funds own 87.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Doximity from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Wolfe Research upgraded Doximity to an “outperform” rating in a research report on Thursday, August 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $47.00 price target (up from $42.00) on shares of Doximity in a research note on Friday, August 7th. Stifel Nicolaus set a $27.00 price objective on Doximity in a research note on Tuesday, September 8th. Finally, JPMorgan Chase & Co. raised their price objective on Doximity from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.95.

Read Our Latest Research Report on DOCS

Doximity Company Profile

(Get Free Report)

Doximity, Inc operates a digital platform designed for U.S. medical professionals. Its network enables physicians, nurse practitioners, physician assistants and other healthcare providers to connect with colleagues, exchange clinical information and access professional resources.

The company offers tools for telehealth and care coordination, including video and phone-based communication services, as well as digital faxing and secure messaging capabilities. Doximity also provides medical news and research content tailored to healthcare professionals.

Doximity generates additional business through recruiting and marketing solutions that help healthcare organizations reach clinicians and promote employment opportunities, services and products.

Featured Stories