Doximity (DOCS) Slid on Renewed Volatility

Group 1: Market Performance - US equities showed strong but volatile performance in Q4 2025, with the S&P 500 Index returning 2.7% and the Russell Midcap Growth Index declining 3.7% [1] - The ClearBridge Growth Strategy achieved its third consecutive quarter of outperformance by maintaining a balanced, highly active share approach [1] Group 2: Doximity, Inc. Overview - Doximity, Inc. (NYSE:DOCS) is a cloud-based digital platform for medical professionals, headquartered in San Francisco, California [2] - As of January 9, 2026, Doximity's stock closed at $43.79 per share, with a one-month return of -1.93% and a 52-week loss of 11.91% [2] - Doximity has a market capitalization of $8.24 billion [2] Group 3: Financial Performance and Market Sentiment - In Q2 of fiscal 2026, Doximity generated revenue of $169 million, reflecting a year-on-year increase of 23% [3] - Doximity faced pressure in the health care sector due to renewed volatility among higher-beta growth stocks [3] - The company is not among the 30 most popular stocks among hedge funds, although the number of hedge fund portfolios holding Doximity increased from 41 to 44 in the last quarter [3]