DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Connors Investor Services Inc.

Connors Investor Services Inc. increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 14.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,038 shares of the company’s stock after purchasing an additional 20,038 shares during the period. DoorDash accounts for 2.3% of Connors Investor Services Inc.’s investment portfolio, making the stock its 8th largest holding. Connors Investor Services Inc.’s holdings in DoorDash were worth $21,627,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its stake in shares of DoorDash by 36.8% in the 1st quarter. Acadian Asset Management LLC now owns 328,203 shares of the company’s stock worth $45,183,000 after acquiring an additional 88,219 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of DoorDash in the 1st quarter worth $2,969,000. Pinkerton Retirement Specialists LLC acquired a new stake in shares of DoorDash in the 1st quarter worth $548,000. Orion Portfolio Solutions LLC lifted its stake in shares of DoorDash by 37.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 6,490 shares of the company’s stock worth $894,000 after acquiring an additional 1,762 shares during the period. Finally, Picton Mahoney Asset Management lifted its stake in shares of DoorDash by 7.6% in the 1st quarter. Picton Mahoney Asset Management now owns 110,508 shares of the company’s stock worth $15,219,000 after acquiring an additional 7,771 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity

In other news, insider Keith Yandell sold 12,088 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $111.84, for a total value of $1,351,921.92. Following the completion of the transaction, the insider now owns 161,651 shares of the company’s stock, valued at $18,079,047.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Tony Xu sold 131,590 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $111.61, for a total value of $14,686,759.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Keith Yandell sold 12,088 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the completion of the sale, the insider now owns 161,651 shares of the company’s stock, valued at $18,079,047.84. The disclosure for this sale can be found here. Insiders sold a total of 459,016 shares of company stock valued at $50,495,566 over the last 90 days. Insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DASH shares. JPMorgan Chase & Co. raised their target price on shares of DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Citigroup increased their price target on shares of DoorDash from $141.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Roth Mkm cut their price target on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Finally, Royal Bank of Canada cut their price target on shares of DoorDash from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.60.

DoorDash Stock Up 5.8 %

Shares of NASDAQ:DASH traded up $5.82 during trading on Friday, reaching $106.10. The stock had a trading volume of 5,782,981 shares, compared to its average volume of 4,185,369. The business has a fifty day moving average price of $110.86 and a 200-day moving average price of $118.09. The stock has a market cap of $43.39 billion, a P/E ratio of -98.24, a PEG ratio of 30.98 and a beta of 1.67. DoorDash, Inc. has a fifty-two week low of $69.90 and a fifty-two week high of $143.34.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The company’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.41) earnings per share. As a group, equities analysts forecast that DoorDash, Inc. will post 0.09 EPS for the current year.

DoorDash Profile

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.