Doximity, Inc.
Case Overview
30 Days Left to Seek Lead Plaintiff
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 06/17/2024 |
Status: | Status: Investigating |
Company Name: | Company Name: Doximity, Inc. |
Court: | Court: Northern District of California |
Case Number: | Case Number: 4:24cv02281 |
Class Period: | Class Period: 02/09/2022 - 04/01/2024 |
Ticker: | Ticker: DOCS |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Doximity, Inc (“Doximity” or the “Company”) (NYSE: DOCS) securities during the period of February 9, 2022 through April 1, 2024, inclusive (“the Class Period”). Investors have until June 17, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that, throughout the Class Period, Doximity repeatedly touted the Company's business prospects and the sustainability of the Company's revenue growth and profitability, while downplaying the impact of competition and tightening macroeconomic conditions on the Company and its reliance on "upselling" products and services (such as additional advertising) to existing customers to sustain the Company's performance and future growth.
The lawsuit alleges that, throughout the Class Period, Doximity repeatedly touted the Company's business prospects and the sustainability of the Company's revenue growth and profitability, while downplaying the impact of competition and tightening macroeconomic conditions on the Company and its reliance on "upselling" products and services (such as additional advertising) to existing customers to sustain the Company's performance and future growth.