Doximity (DOCS) Slid on Renewed Volatility

ClearBridge Investments, an investment management company, released its “ClearBridge Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. US equities reported a strong but volatile performance in the fourth quarter, with the S&P 500 Index returning 2.7% while the benchmark Russell Midcap Growth Index declined 3.7%. In this environment, a balanced, highly active share approach resulted in Strategy’s third consecutive quarter of outperformance, capturing early momentum while providing downside protection during rising volatility towards the end of the period. The strategy maintained its long-term investment philosophy of disciplined portfolio management and opportunistic capital allocation. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its fourth-quarter 2025 investor letter, ClearBridge Growth Strategy highlighted stocks such as Doximity, Inc. (NYSE:DOCS). Headquartered in San Francisco, California, Doximity, Inc. (NYSE:DOCS) provides a cloud-based digital platform for medical professionals. On January 9, 2026, Doximity, Inc. (NYSE:DOCS) stock closed at $43.79 per share. One-month return of Doximity, Inc. (NYSE:DOCS) was -1.93%, and its shares lost 11.91% of their value over the last 52 weeks. Doximity, Inc. (NYSE:DOCS) has a market capitalization of $8.24 billion.

ClearBridge Growth Strategy stated the following regarding Doximity, Inc. (NYSE:DOCS) in its fourth quarter 2025 investor letter:

“However, select holdings in consumer staples and health care did face pressure. In health care, Doximity, Inc. (NYSE:DOCS), a digital platform serving medical professionals, traded lower as higher-beta growth stocks within health care experienced renewed volatility.”

Jim Cramer on Doximity (DOCS): “I Cannot Get Behind That”

Doximity, Inc. (NYSE:DOCS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 44 hedge fund portfolios held Doximity, Inc. (NYSE:DOCS) at the end of the third quarter, up from 41 in the previous quarter. In the second quarter of fiscal 2026, Doximity, Inc. (NYSE:DOCS) generated revenue of $169 million, marking an increase of 23% year-on-year. While we acknowledge the risk and potential of Doximity, Inc. (NYSE:DOCS) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Doximity, Inc. (NYSE:DOCS) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Doximity, Inc. (NYSE:DOCS) and shared the list of oversold stocks to buy. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.