UniSuper Management Pty Ltd Acquires Shares of 36,036 Doximity, Inc. $DOCS

Key Points

• UniSuper Management Pty Ltd has acquired a new stake in Doximity, Inc., purchasing 36,036 shares valued at approximately $2.09 million.
• Doximity's quarterly earnings surpassed estimates, reporting $0.36 earnings per share, which is $0.05 above the consensus estimate of $0.31.
• Institutional investors collectively own 87.19% of Doximity's stock, indicating strong institutional interest in the company.

UniSuper Management Pty Ltd acquired a new stake in Doximity, Inc. (NASDAQ:DOCS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 36,036 shares of the company's stock, valued at approximately $2,091,000.

Other large investors have also bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new stake in Doximity in the first quarter valued at about $29,000. Allworth Financial LP raised its position in Doximity by 104.0% in the first 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 bought a new position in Doximity in the first quarter valued at about $33,000. Spire Wealth Management raised its position in Doximity by 73.2% in the first 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 raised its position in Doximity by 70.7% in the first 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 institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on DOCS shares. Piper Sandler increased their target price on Doximity from $65.00 to $69.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. BTIG Research upgraded Doximity from a "neutral" rating to a "buy" rating and set a $80.00 target price for the company in a research report on Monday, June 2nd. The Goldman Sachs Group set a $50.00 target price on Doximity and gave the company a "neutral" rating in a research report on Wednesday, May 21st. Evercore ISI upgraded Doximity from an "in-line" rating to an "outperform" rating and increased their target price for the company from $50.00 to $70.00 in a research report on Wednesday, July 9th. Finally, Canaccord Genuity Group raised their price objective on Doximity from $50.00 to $59.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Doximity Stock Performance

Shares of DOCS traded down $0.26 during mid-day trading on Tuesday, reaching $72.22. 1,257,915 shares of the company were exchanged, compared to its average volume of 2,215,522. The stock has a market capitalization of $13.53 billion, a PE ratio of 72.22, a PEG ratio of 4.10 and a beta of 1.37. The business has a 50 day simple moving average of $64.05 and a two-hundred day simple moving average of $59.87. Doximity, Inc. has a 52 week low of $39.62 and a 52 week high of $85.21.

Doximity (NASDAQ:DOCS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping 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 quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. Doximity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, analysts predict that Doximity, Inc. will post 0.99 EPS for the current year.

Insiders Place Their Bets

In other Doximity news, Director Timothy S. Cabral sold 10,000 shares of Doximity stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the sale, the director directly owned 6,360 shares in the company, valued at approximately $381,600. The trade was a 61.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kira Scherer Wampler sold 2,000 shares of Doximity stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $57.09, for a total value of $114,180.00. Following the completion of the sale, the director owned 16,618 shares of the company's stock, valued at approximately $948,721.62. The trade was 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 $2,281,880. 31.30% of the stock is owned by corporate insiders.

About Doximity

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.