EFG Asset Management North America Corp. Sells 9,056 Shares of Doximity, Inc. (NASDAQ:DOCS)

EFG Asset Management North America Corp. cut its stake in shares of Doximity, Inc. (NASDAQ:DOCS) by 13.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 57,920 shares of the company’s stock after selling 9,056 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Doximity were worth $3,092,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Doximity by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 11,203,569 shares of the company’s stock valued at $598,159,000 after buying an additional 485,102 shares during the last quarter. FMR LLC raised its position in Doximity by 30.5% during the third quarter. FMR LLC now owns 6,837,733 shares of the company’s stock worth $297,920,000 after acquiring an additional 1,598,602 shares in the last quarter. State Street Corp lifted its stake in Doximity by 2.5% in the third quarter. State Street Corp now owns 3,693,982 shares of the company’s stock valued at $160,947,000 after acquiring an additional 88,922 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Doximity by 19.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,856,984 shares of the company’s stock valued at $124,503,000 after acquiring an additional 472,565 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in shares of Doximity by 33.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 870,322 shares of the company’s stock worth $46,466,000 after purchasing an additional 219,448 shares during the last quarter. Institutional investors and hedge funds own 87.19% of the company’s stock.

Doximity Price Performance

Shares of NASDAQ:DOCS opened at $66.39 on Tuesday. The business’s 50 day simple moving average is $64.76 and its 200 day simple moving average is $53.85. Doximity, Inc. has a 1 year low of $22.96 and a 1 year high of $85.21. The company has a market capitalization of $12.39 billion, a P/E ratio of 66.39, a P/E/G ratio of 4.10 and a beta of 1.34.

Insider Activity

In related news, Director Timothy S. Cabral sold 20,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $57.62, for a total value of $1,152,400.00. Following the completion of the transaction, the director now owns 6,360 shares of the company’s stock, valued at $366,463.20. The trade was a 75.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 37.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DOCS. Mizuho raised their target price on shares of Doximity from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Leerink Partnrs raised Doximity from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. Piper Sandler raised Doximity from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $31.00 to $78.00 in a report on Friday, February 7th. Bank of America raised their price target on Doximity from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Finally, KeyCorp reduced their price objective on shares of Doximity from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Doximity currently has an average rating of “Moderate Buy” and an average price target of $64.22.

Doximity 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.