Doximity, Inc. (NASDAQ:DOCS) Shares Sold by Durable Capital Partners LP

Durable Capital Partners LP lessened its stake in shares of Doximity, Inc. (NASDAQ:DOCS - Free Report) by 63.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,889,675 shares of the company's stock after selling 4,933,734 shares during the period. Doximity makes up about 1.3% of Durable Capital Partners LP's portfolio, making the stock its 28th biggest position. Durable Capital Partners LP owned approximately 1.55% of Doximity worth $154,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DOCS. Global Retirement Partners LLC raised its stake in shares of Doximity by 468.1% during the 4th quarter. Global Retirement Partners LLC now owns 534 shares of the company's stock valued at $29,000 after buying an additional 440 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Doximity by 69.1% in the fourth quarter. UMB Bank n.a. now owns 575 shares of the company's stock worth $31,000 after acquiring an additional 235 shares during the last quarter. Larson Financial Group LLC boosted its stake in Doximity by 49.4% during the 4th quarter. Larson Financial Group LLC now owns 756 shares of the company's stock worth $40,000 after purchasing an additional 250 shares during the last quarter. Optimum Investment Advisors purchased a new stake in Doximity during the 4th quarter valued at about $43,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Doximity in the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 87.19% of the company's stock.

Doximity Price Performance

Shares of NASDAQ:DOCS traded down $0.25 on Friday, reaching $59.10. The company's stock had a trading volume of 1,772,024 shares, compared to its average volume of 2,014,604. Doximity, Inc. has a 52-week low of $22.96 and a 52-week high of $85.21. The stock's 50-day moving average is $57.99 and its two-hundred day moving average is $57.14. The stock has a market capitalization of $11.03 billion, a P/E ratio of 59.10, a PEG ratio of 4.10 and a beta of 1.41.

Analyst Ratings Changes

Several research firms recently issued reports on DOCS. Leerink Partners upgraded shares of Doximity from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $60.00 to $90.00 in a research report on Friday, February 7th. Mizuho increased their target price on Doximity from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. The Goldman Sachs Group raised their price target on shares of Doximity from $58.00 to $80.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Leerink Partnrs upgraded Doximity from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. Finally, Raymond James reissued an "outperform" rating and issued a $83.00 price objective (up from $65.00) on shares of Doximity in a research report on Friday, February 7th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $65.39.

Insider Buying and Selling at Doximity

In other news, Director Kira Scherer Wampler sold 2,000 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $56.93, for a total transaction of $113,860.00. Following the transaction, the director now directly owns 16,618 shares in the company, valued at $946,062.74. The trade was a 10.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Anna Bryson sold 45,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $57.23, for a total transaction of $2,575,350.00. Following the completion of the sale, the chief financial officer now owns 357,165 shares of the company's stock, valued at approximately $20,440,552.95. The trade was a 11.19 % decrease in their position. The disclosure for this sale can be found here. 37.40% of the stock is owned by company insiders.

Doximity Company 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.