Fort Washington Investment Advisors Inc. OH Reduces Holdings in Doximity, Inc. (NASDAQ:DOCS)

Fort Washington Investment Advisors Inc. OH reduced its holdings in shares of Doximity, Inc. (NASDAQ:DOCS) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 475,480 shares of the company’s stock after selling 13,030 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Doximity were worth $13,299,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Treasurer of the State of North Carolina grew its position in shares of Doximity by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 53,128 shares of the company’s stock valued at $1,490,000 after acquiring an additional 520 shares during the period. First Horizon Advisors Inc. lifted its position 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 purchasing an additional 524 shares in the last quarter. Perigon Wealth Management LLC grew its holdings 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 purchasing an additional 676 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Doximity by 3.3% in the first quarter. Ameritas Investment Partners Inc. now owns 26,939 shares of the company’s stock worth $725,000 after buying an additional 849 shares during the period. Finally, LRI Investments LLC bought a new position in shares of Doximity during the 1st quarter valued at approximately $27,000. 87.19% of the stock is currently owned by institutional investors.

Doximity Stock Performance

Shares of NASDAQ:DOCS opened at $36.75 on Friday. The firm has a market cap of $6.81 billion, a PE ratio of 51.04, a price-to-earnings-growth ratio of 5.12 and a beta of 1.22. The firm’s 50 day simple moving average is $30.25 and its 200-day simple moving average is $28.14. Doximity, Inc. has a one year low of $19.71 and a one year high of $37.55.

Analyst Ratings Changes

DOCS has been the subject of several recent analyst reports. Canaccord Genuity Group upped their target price on shares of Doximity from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Barclays lifted their target price on Doximity from $31.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Truist Financial restated a “hold” rating and issued a $35.00 price target (up from $31.00) on shares of Doximity in a research note on Wednesday, August 14th. William Blair reiterated an “outperform” rating on shares of Doximity in a research report on Friday, May 17th. Finally, Needham & Company LLC raised shares of Doximity from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.27.

Insider Transactions at Doximity

In other Doximity news, CFO Anna Bryson sold 30,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $35.00, for a total value of $1,050,000.00. Following the completion of the transaction, the chief financial officer now directly owns 309,627 shares in the company, valued at $10,836,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Anna Bryson sold 30,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $35.00, for a total transaction of $1,050,000.00. Following the transaction, the chief financial officer now directly owns 309,627 shares in the company, valued at approximately $10,836,945. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Watkin Phoebe L. Yang sold 1,940 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $28.22, for a total value of $54,746.80. Following the completion of the sale, the director now directly owns 12,269 shares of the company’s stock, valued at approximately $346,231.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,951 shares of company stock valued at $2,471,018. 39.40% of the stock is currently 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.