Oregon Public Employees Retirement Fund Has $1.39 Million Holdings in Doximity, Inc. (NASDAQ:DOCS)

Oregon Public Employees Retirement Fund increased its holdings in shares of Doximity, Inc. (NASDAQ:DOCS) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,100 shares of the company’s stock after buying an additional 600 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Doximity were worth $1,393,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Shaker Investments LLC OH acquired a new stake in Doximity during the 4th quarter worth $559,000. Fountainhead AM LLC bought a new position in Doximity during the 3rd quarter worth about $710,000. Penserra Capital Management LLC bought a new position in Doximity during the 3rd quarter worth about $2,384,000. Principal Financial Group Inc. increased its holdings in Doximity by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 293,974 shares of the company’s stock worth $15,695,000 after purchasing an additional 4,282 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Doximity during the 4th quarter worth about $362,000. Institutional investors and hedge funds own 87.19% of the company’s stock.

Insider Activity at Doximity

In related news, Director Timothy S. Cabral sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $57.62, for a total value of $1,152,400.00. Following the completion of the sale, the director now directly owns 6,360 shares in the company, valued at approximately $366,463.20. This trade represents a 75.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 37.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DOCS shares. Wells Fargo & Company reiterated an “equal weight” rating on shares of Doximity in a report on Friday, February 7th. Barclays increased their target price on Doximity from $52.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. KeyCorp lowered their target price on Doximity from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Piper Sandler upgraded Doximity from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $31.00 to $78.00 in a report on Friday, February 7th. Finally, Leerink Partnrs upgraded Doximity from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Doximity has a consensus rating of “Moderate Buy” and a consensus price target of $64.22.

Doximity Stock Performance

Shares of NASDAQ:DOCS opened at $70.44 on Friday. Doximity, Inc. has a 52-week low of $22.96 and a 52-week high of $85.21. The company has a market capitalization of $13.15 billion, a P/E ratio of 70.44, a price-to-earnings-growth ratio of 4.10 and a beta of 1.39. The company has a 50-day simple moving average of $61.91 and a 200 day simple moving average of $50.61.

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.