Ontario Teachers Pension Plan Board Purchases Shares of 11,210 Doximity, Inc. (NASDAQ:DOCS)

Ontario Teachers Pension Plan Board acquired a new stake in shares of Doximity, Inc. (NASDAQ:DOCS) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,210 shares of the company’s stock, valued at approximately $302,000.

A number of other hedge funds also recently bought and sold shares of the company. Treasurer of the State of North Carolina lifted its stake in Doximity by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 53,128 shares of the company’s stock valued at $1,490,000 after buying an additional 520 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Doximity by 111.3% during the fourth quarter. First Horizon Advisors Inc. now owns 995 shares of the company’s stock valued at $28,000 after buying an additional 524 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in Doximity by 4.5% during the first quarter. Perigon Wealth Management LLC now owns 15,598 shares of the company’s stock valued at $420,000 after buying an additional 676 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Doximity by 2.0% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 40,758 shares of the company’s stock valued at $1,143,000 after buying an additional 793 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Doximity by 2.6% during the fourth quarter. Arizona State Retirement System now owns 31,950 shares of the company’s stock valued at $896,000 after buying an additional 801 shares in the last quarter. 87.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Doximity from an “underweight” rating to a “neutral” rating and set a $25.00 price objective for the company in a research note on Thursday, April 25th. Morgan Stanley reiterated an “underweight” rating and issued a $25.00 target price on shares of Doximity in a report on Tuesday, April 23rd. William Blair reiterated an “outperform” rating on shares of Doximity in a report on Friday, May 17th. Needham & Company LLC reiterated a “hold” rating on shares of Doximity in a report on Friday, May 17th. Finally, Evercore ISI upped their target price on Doximity from $28.00 to $29.00 and gave the company an “in-line” rating in a report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Doximity has a consensus rating of “Hold” and a consensus target price of $28.00.

Insider Activity

In other news, CFO Anna Bryson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $30.00, for a total value of $900,000.00. Following the completion of the sale, the chief financial officer now directly owns 288,685 shares of the company’s stock, valued at $8,660,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Craig Overpeck sold 1,500 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $23.85, for a total value of $35,775.00. Following the completion of the sale, the insider now directly owns 108,609 shares of the company’s stock, valued at $2,590,324.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Anna Bryson sold 30,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $30.00, for a total value of $900,000.00. Following the completion of the transaction, the chief financial officer now directly owns 288,685 shares of the company’s stock, valued at $8,660,550. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,500 shares of company stock valued at $1,373,825. 39.40% of the stock is owned by company insiders.

Doximity Trading Down 0.1 %

Doximity stock traded down $0.02 during trading hours on Tuesday, reaching $28.76. 94,134 shares of the company were exchanged, compared to its average volume of 1,669,182. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 5.28 and a beta of 1.22. The stock has a 50-day moving average of $27.79 and a 200 day moving average of $27.47. Doximity, Inc. has a 12 month low of $19.71 and a 12 month high of $36.03.

Doximity (NASDAQ:DOCS) last announced its earnings results on Thursday, May 16th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $118.06 million during the quarter, compared to analysts’ expectations of $116.46 million. Doximity had a return on equity of 17.44% and a net margin of 31.04%. As a group, research analysts forecast that Doximity, Inc. will post 0.74 EPS for the current 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.