Insider Selling: DoorDash, Inc. (NASDAQ:DASH) CFO Sells 5,000 Shares of Stock

DoorDash, Inc. (NASDAQ:DASHGet Free Report) CFO Ravi Inukonda sold 5,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $138.98, for a total value of $694,900.00. Following the completion of the transaction, the chief financial officer now directly owns 391,425 shares of the company’s stock, valued at $54,400,246.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, January 30th, Ravi Inukonda sold 5,000 shares of DoorDash stock. The stock was sold at an average price of $109.73, for a total value of $548,650.00.

DoorDash Stock Down 0.5 %

DASH opened at $137.50 on Wednesday. DoorDash, Inc. has a 52-week low of $56.59 and a 52-week high of $143.34. The company has a 50 day moving average of $123.85 and a two-hundred day moving average of $101.90. The company has a market cap of $55.55 billion, a P/E ratio of -96.15, a P/E/G ratio of 16.14 and a beta of 1.79.

DoorDash (NASDAQ:DASHGet Free Report) last posted its earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the firm posted ($0.63) EPS. The business’s revenue was up 26.7% compared to the same quarter last year. Research analysts anticipate that DoorDash, Inc. will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On DoorDash

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in DoorDash during the 4th quarter worth approximately $132,721,000. Vanguard Group Inc. raised its stake in shares of DoorDash by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after purchasing an additional 2,259,976 shares during the period. Amundi lifted its position in shares of DoorDash by 1,801.6% during the fourth quarter. Amundi now owns 1,797,416 shares of the company’s stock worth $93,106,000 after purchasing an additional 1,702,894 shares in the last quarter. BlackRock Inc. grew its holdings in DoorDash by 11.9% during the 2nd quarter. BlackRock Inc. now owns 14,616,356 shares of the company’s stock valued at $1,116,982,000 after purchasing an additional 1,558,352 shares in the last quarter. Finally, State Street Corp increased its stake in DoorDash by 49.4% during the 2nd quarter. State Street Corp now owns 4,358,288 shares of the company’s stock worth $279,671,000 after buying an additional 1,441,028 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DASH. Jefferies Financial Group upgraded shares of DoorDash from a “hold” rating to a “buy” rating and upped their target price for the company from $90.00 to $130.00 in a report on Monday, January 8th. Royal Bank of Canada raised shares of DoorDash from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $130.00 to $175.00 in a research note on Monday, March 4th. Susquehanna lifted their target price on shares of DoorDash from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Tuesday, February 20th. UBS Group reduced their price target on DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research note on Friday, February 16th. Finally, Oppenheimer raised their price objective on DoorDash from $110.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $123.82.

View Our Latest Stock Report on DoorDash

DoorDash Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for DoorDash (NASDAQ:DASH)

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