A Doximity Director Moved 7,500 Shares the Day the Stock Popped 33%. Here's What to Know
This sale was executed under a pre-established Rule 10b5-1 trading plan adopted in February.
Overview
Timothy S. Cabral, a director at Doximity, Inc. (NYSE:DOCS), sold 7,500 shares of Class A Common Stock on August 7, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($39.11); post-transaction value based on the August 7 market close ($27.40).
Details
Doximity is a leading digital health platform serving the U.S. healthcare practitioner market with a market capitalization of $4.8 billion and TTM revenue of $655.6 million. The company maintains strong profitability with TTM net income of $167.0 million. As a specialized healthcare information services provider, Doximity leverages its established network of healthcare professionals to build a defensible platform that generates recurring revenue from enterprise customers.
Source
Originally published at www.fool.com.