FourThought Financial Partners LLC Cuts Stock Holdings in Doximity, Inc. (NASDAQ:DOCS)

FourThought Financial Partners LLC lowered its stake in shares of Doximity, Inc. (NASDAQ:DOCS) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,771 shares of the company’s stock after selling 794 shares during the quarter. FourThought Financial Partners LLC’s holdings in Doximity were worth $842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Creative Planning boosted its stake in shares of Doximity by 13.7% during the third quarter. Creative Planning now owns 22,104 shares of the company’s stock worth $963,000 after buying an additional 2,671 shares during the period. Blue Trust Inc. grew its stake in Doximity by 107.2% in the 3rd quarter. Blue Trust Inc. now owns 2,870 shares of the company’s stock worth $125,000 after acquiring an additional 1,485 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Doximity by 4.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,754 shares of the company’s stock worth $948,000 after acquiring an additional 934 shares during the period. State of Alaska Department of Revenue grew its stake in Doximity by 7.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 14,240 shares of the company’s stock worth $620,000 after acquiring an additional 985 shares during the period. Finally, Smith Group Asset Management LLC grew its stake in Doximity by 38.8% in the 3rd quarter. Smith Group Asset Management LLC now owns 9,940 shares of the company’s stock worth $433,000 after acquiring an additional 2,780 shares during the period. Hedge funds and other institutional investors own 87.19% of the company’s stock.

Doximity Stock Performance

Shares of NASDAQ:DOCS opened at $71.86 on Wednesday. The company’s 50-day moving average is $60.96 and its 200 day moving average is $49.97. The company has a market capitalization of $13.42 billion, a P/E ratio of 71.86, a price-to-earnings-growth ratio of 4.10 and a beta of 1.39. Doximity, Inc. has a fifty-two week low of $22.96 and a fifty-two week high of $85.21.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley raised shares of Doximity from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $33.00 to $53.00 in a research note on Thursday, November 14th. Mizuho boosted their price objective on shares of Doximity from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Truist Financial boosted their price objective on shares of Doximity from $35.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. The Goldman Sachs Group upped their target price on shares of Doximity from $58.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, Canaccord Genuity Group lowered shares of Doximity from a “buy” rating to a “hold” rating and upped their target price for the company from $40.00 to $60.00 in a research note on Wednesday, November 13th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Doximity has a consensus rating of “Moderate Buy” and an average target price of $64.22.

Insider Activity at Doximity

In other news, Director Timothy S. Cabral sold 20,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $57.62, for a total transaction of $1,152,400.00. Following the sale, the director now directly owns 6,360 shares in the company, valued at $366,463.20. This represents a 75.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 37.40% of the stock is currently 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.