An investigation on behalf of investors in Doximity, Inc. (NYSE:DOCS) shares over potential wrongdoing at Doximity, Inc. was announced.

San Diego, CA -- (SBWire) -- 10/06/2023 --Certain directors of Doximity, Inc. are under investigation over potential breaches of fiduciary duties.

Investors who purchased shares of Doximity, Inc. (NYSE: DOCS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Doximity, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

San Francsico, CA based Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. Doximity, Inc. reported that its Total Revenue rose from $343.54 million for the 12 months period that ended on March 31, 2022, to $419.05 million for the 12 months period that ended on March 31, 2023, and that its Net Income declined over those respective time periods from $154.78 million to $11.81 million.

On August 8, 2023, after the market closed, Doximity, Inc. reported its first quarter 2024 financial results, and revenues and also revised guidance for fiscal 2024. In pertinent part, it announced that it now expects revenue of $452M-$468M versus the prior estimate of $503 million.

Shares of Doximity, Inc. (NYSE: DOCS) declined from $40.12 per share on Februar 02, 2023, to as low as $19.71 per share on September 25, 2023.

Those who purchased shares of Doximity, Inc. (NYSE: DOCS) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.