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New Big Money Means Doximity Inc (DOCS) Investors Could Reap Benefit

Doximity Inc (NYSE: DOCS) is 36.54% higher on its value in year-to-date trading and has touched a low of $22.96 and a high of $85.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DOCS stock was last observed hovering at around $71.71 in the last trading session, with the day’s gains setting it 1.19%.

Currently trading at $72.90, the stock is 4.47% and 20.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.23 million and changing 1.66% at the moment leaves the stock 70.53% off its SMA200. DOCS registered 157.69% gain for a year compared to 6-month gain of 99.67%.

The stock witnessed a 31.71% loss in the last 1 month and extending the period to 3 months gives it a 51.88%, and is -4.93% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.23% over the week and 4.54% over the month.

Doximity Inc (DOCS) has around 827 employees, a market worth around $13.68B and $550.17M in sales. Current P/E ratio is 72.77 and Fwd P/E is 51.32. Profit margin for the company is 36.60%. Distance from 52-week low is 217.51% and -14.45% from its 52-week high. The company has generated returns on investments over the last 12 months (19.33%).

The EPS is expected to grow by 37.78% this year

The shares outstanding are 133.45M, and float is at 129.48M with Short Float at 4.36%.

The top institutional shareholder in the company is BLACKROCK INC. with over 10.77 million shares valued at $$301.12 million. The investor’s holdings represent 5.661 of the DOCS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.55 million shares valued at $$294.98 million to account for 5.5457 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 6.92 million shares representing 3.6402 and valued at over $$193.62 million, while WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC holds 3.4503 of the shares totaling 6.4 million with a market value of $$179.12 million.

Doximity Inc (DOCS) Insider Activity

The most recent transaction is an insider sale by Yang Watkin Phoebe L., the company’s Director. SEC filings show that Yang Watkin Phoebe L. sold 2,889 shares of the company’s common stock on Feb 12 ’25 at a price of $75.19 per share for a total of $0.22 million. Following the sale, the insider now owns 14729.0 shares.

Doximity Inc disclosed in a document filed with the SEC on Feb 11 ’25 that Benjamin Regina M. (Director) sold a total of 40,000 shares of the company’s common stock. The trade occurred on Feb 11 ’25 and was made at $76.15 per share for $3.05 million. Following the transaction, the insider now directly holds 16618.0 shares of the DOCS stock.

Still, SEC filings show that on Feb 11 ’25, Wampler Kira Scherer (Director) disposed off 2,000 shares at an average price of $77.19 for $0.15 million. The insider now directly holds 16,618 shares of Doximity Inc (DOCS).

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