Jeffrey Tangney, CEO of Doximity and co-founder, quietly sold 8,500 shares—worth $211K—to cover taxes from stock awards, not signaling a loss of confidence. He still owns over 2.5 million shares (about 1% of the company), showing his long-term commitment. The sale was part of a broader pattern among insiders on August 15. Despite this, Doximity faces headwinds: slower Q3 growth vs. last year due to AI investments eating into margins, with revenue from those initiatives delayed until later in the fiscal year—and the stock has dropped sharply over the past year.
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