Threshold Ventures I Cuts Stake in Doximity (DOCS)
Fintel reports that Threshold Ventures I has filed a 13G/A form with the SEC disclosing ownership of 0.19MM shares of Doximity, Inc. (DOCS). This represents 0.2% of the company.
In their previous filing dated February 9, 2022 they reported 14.42MM shares and 8.80% of the company, a decrease in shares of 98.70% and a decrease in total ownership of 8.60% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 14.91% Upside
As of January 31, 2023, the average one-year price target for Doximity is $40.53. The forecasts range from a low of $27.27 to a high of $61.95. The average price target represents an increase of 14.91% from its latest reported closing price of $35.27.
The projected annual revenue for Doximity is $436MM, an increase of 13.36%. The projected annual EPS is $0.70, a decrease of 2.27%.
Fund Sentiment
There are 619 funds or institutions reporting positions in Doximity. This is an increase of 24 owner(s) or 4.03%.
Average portfolio weight of all funds dedicated to US:DOCS is 0.4328%, a decrease of 5.7997%. Total shares owned by institutions increased in the last three months by 6.63% to 132,830K shares.
What are large shareholders doing?
T. Rowe Price Investment Management holds 5,402,867 shares representing 2.81% ownership of the company.
Ameriprise Financial holds 5,334,043 shares representing 2.77% ownership of the company. In it's prior filing, the firm reported owning 6,007,286 shares, representing a decrease of 12.62%. The firm decreased its portfolio allocation in DOCS by 85.01% over the last quarter.
Clearbridge Investments holds 4,975,972 shares representing 2.59% ownership of the company. In it's prior filing, the firm reported owning 4,482,772 shares, representing an increase of 9.91%. The firm increased its portfolio allocation in DOCS by 4.23% over the last quarter.
Price T Rowe Associates holds 4,130,706 shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 12,545,173 shares, representing a decrease of 203.71%. The firm decreased its portfolio allocation in DOCS by 62.95% over the last quarter.
Voya Investment Management holds 4,036,123 shares representing 2.10% ownership of the company. In it's prior filing, the firm reported owning 25,707 shares, representing an increase of 99.36%. The firm increased its portfolio allocation in DOCS by 2,150.15% over the last quarter.
Doximity Background Information
(This description is provided by the company.)
Founded in 2010, Doximity is the leading digital platform for U.S. medical professionals. The company's network members include over 80% of U.S. physicians across all specialties and practice areas. Doximity provides its verified clinical membership with digital tools built for medicine, enabling them to collaborate with colleagues, stay up to date with the latest medical news and research, manage their careers and conduct virtual patient visits. Doximity's mission is to help doctors be more productive so they can provide better health care for their patients.
This story originally appeared on Fintel.