Insider Selling: DoorDash, Inc. (NASDAQ:DASH) CFO Sells $261,060.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the sale, the chief financial officer now owns 366,993 shares in the company, valued at $67,233,117.60. This trade represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ravi Inukonda also recently made the following trade(s):

• On Monday, December 30th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The shares were sold at an average price of $169.32, for a total value of $1,185,240.00.
• On Friday, November 29th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The stock was sold at an average price of $179.76, for a total value of $1,258,320.00.
• On Wednesday, November 20th, Ravi Inukonda sold 14,219 shares of DoorDash stock. The stock was sold at an average price of $169.98, for a total transaction of $2,416,945.62.

DoorDash Stock Up 0.7 %

DASH opened at $185.78 on Thursday. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $186.79. The business has a fifty day simple moving average of $174.76 and a 200-day simple moving average of $150.11. The firm has a market cap of $77.17 billion, a P/E ratio of -412.84, a P/E/G ratio of 1.85 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.19) earnings per share. Sell-side analysts expect that DoorDash, Inc. will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On DoorDash

Several large investors have recently added to or reduced their stakes in DASH. Baillie Gifford & Co. grew its stake in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of DoorDash by 216.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after buying an additional 739,961 shares during the period. Janus Henderson Group PLC grew its position in shares of DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after buying an additional 700,465 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of DoorDash by 5,396.1% during the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock worth $94,716,000 after buying an additional 651,525 shares during the period. Finally, Franklin Resources Inc. raised its holdings in DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after acquiring an additional 501,905 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DASH has been the subject of a number of research reports. UBS Group boosted their target price on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Needham & Company LLC increased their target price on DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 31st. DA Davidson lifted their price target on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Benchmark raised their price objective on DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Bank of America upped their target price on shares of DoorDash from $172.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $178.18.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.