176,810 Shares in Doximity, Inc. (NASDAQ:DOCS) Bought by Comprehensive Financial Management LLC

Comprehensive Financial Management LLC purchased a new stake in shares of Doximity, Inc. (NASDAQ:DOCS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 176,810 shares of the company’s stock, valued at approximately $7,704,000. Doximity accounts for approximately 0.2% of Comprehensive Financial Management LLC’s portfolio, making the stock its 13th biggest holding. Comprehensive Financial Management LLC owned about 0.10% of Doximity as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. FMR LLC raised its stake in Doximity by 30.5% during the 3rd quarter. FMR LLC now owns 6,837,733 shares of the company’s stock valued at $297,920,000 after acquiring an additional 1,598,602 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Doximity by 15.8% in the second quarter. William Blair Investment Management LLC now owns 6,404,068 shares of the company’s stock worth $179,122,000 after purchasing an additional 873,682 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Doximity by 6,242.6% in the third quarter. Los Angeles Capital Management LLC now owns 650,874 shares of the company’s stock worth $28,359,000 after purchasing an additional 640,612 shares during the period. Clearbridge Investments LLC grew its position in Doximity by 7.1% in the 2nd quarter. Clearbridge Investments LLC now owns 5,853,035 shares of the company’s stock valued at $163,709,000 after buying an additional 387,200 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Doximity by 23.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,603,202 shares of the company’s stock valued at $44,842,000 after buying an additional 301,100 shares during the period. Institutional investors own 87.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DOCS. Morgan Stanley upgraded shares of Doximity from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $33.00 to $53.00 in a report on Thursday, November 14th. Needham & Company LLC upgraded Doximity from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Friday, August 9th. Baird R W upgraded shares of Doximity to a “strong-buy” rating in a research report on Tuesday, September 17th. Canaccord Genuity Group lowered Doximity from a “buy” rating to a “hold” rating and raised their price objective for the stock from $40.00 to $60.00 in a research note on Wednesday, November 13th. Finally, Bank of America lifted their target price on Doximity from $32.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $52.27.

Doximity Trading Down 0.7 %

NASDAQ DOCS opened at $53.00 on Monday. Doximity, Inc. has a 1-year low of $22.96 and a 1-year high of $61.75. The company has a 50 day moving average of $45.86 and a 200-day moving average of $36.09. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 60.92, a PEG ratio of 4.25 and a beta of 1.30.

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.