Independent Director Timothy Cabral Sold A Bunch Of Shares In Doximity

We'd be surprised if Doximity, Inc. (NYSE:DOCS) shareholders haven't noticed that the Independent Director, Timothy Cabral, recently sold US$375k worth of stock at US$35.00 per share. Equally important, that sale actually reduced their holding by a full 100% which hardly makes us feel bullish about the stock.

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The Last 12 Months Of Insider Transactions At Doximity

Notably, that recent sale by Timothy Cabral is the biggest insider sale of Doximity shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$32.42. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Doximity

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Does Doximity Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Doximity insiders own 29% of the company, worth about US$1.7b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Doximity Tell Us?

An insider sold Doximity shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Doximity. Case in point: We've spotted 2 warning signs for Doximity you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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