Nomura Holdings Inc. Invests $908,000 in Doximity, Inc. (NASDAQ:DOCS)

Nomura Holdings Inc. acquired a new position in shares of Doximity, Inc. (NASDAQ:DOCS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,002 shares of the company's stock, valued at approximately $908,000.

A number of other institutional investors have also recently made changes to their positions in DOCS. Global Retirement Partners LLC boosted its position in 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 acquiring an additional 440 shares in the last quarter. UMB Bank n.a. grew its position in shares of Doximity by 69.1% during the 4th quarter. UMB Bank n.a. now owns 575 shares of the company's stock valued at $31,000 after acquiring an additional 235 shares during the period. Larson Financial Group LLC grew its position in shares of Doximity by 49.4% during the 4th quarter. Larson Financial Group LLC now owns 756 shares of the company's stock valued at $40,000 after acquiring an additional 250 shares during the period. Optimum Investment Advisors bought a new position in Doximity in the 4th quarter worth $43,000. Finally, Kapitalo Investimentos Ltda bought a new position in Doximity in the 4th quarter worth $50,000. Institutional investors own 87.19% of the company's stock.

Insider Transactions at Doximity

In related news, CFO Anna Bryson sold 45,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $57.23, for a total value 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kira Scherer Wampler sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $56.93, for a total value of $113,860.00. Following the completion of the sale, the director now owns 16,618 shares of the company's stock, valued at approximately $946,062.74. This trade represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 37.40% of the company's stock.

Analysts Set New Price Targets

DOCS has been the subject of several research reports. Truist Financial dropped their price objective on shares of Doximity from $58.00 to $52.00 and set a "hold" rating for the company in a report on Friday, May 16th. Piper Sandler upgraded shares of Doximity from a "neutral" rating to an "overweight" rating and raised their target price for the company from $31.00 to $78.00 in a research note on Friday, February 7th. William Blair reissued an "outperform" rating on shares of Doximity in a report on Friday, May 16th. Leerink Partnrs upgraded shares of Doximity from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 7th. Finally, Robert W. Baird dropped their target price on shares of Doximity from $87.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.22.

Doximity Stock Performance

Doximity stock traded down $0.20 during trading hours on Friday, reaching $51.06. 1,430,504 shares of the stock were exchanged, compared to its average volume of 2,098,689. The stock has a market cap of $9.53 billion, a P/E ratio of 51.06, a P/E/G ratio of 4.10 and a beta of 1.41. Doximity, Inc. has a 52-week low of $25.00 and a 52-week high of $85.21. The firm's 50 day moving average is $56.36 and its 200 day moving average is $58.28.

Doximity (NASDAQ:DOCS - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.11. Doximity had a net margin of 36.60% and a return on equity of 21.75%. Doximity's quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. Equities research analysts expect that Doximity, Inc. will post 0.99 EPS for the current fiscal year.

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.