Olympiad Research LP Raises Position in DoorDash, Inc. (NASDAQ:DASH)

Olympiad Research LP boosted its stake in DoorDash, Inc. (NASDAQ:DASH) by 49.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,982 shares of the company’s stock after buying an additional 1,639 shares during the quarter. Olympiad Research LP’s holdings in DoorDash were worth $711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DASH. Meeder Asset Management Inc. lifted its holdings in DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after buying an additional 132 shares during the period. Headlands Technologies LLC purchased a new stake in DoorDash in the second quarter worth about $32,000. Versant Capital Management Inc lifted its holdings in DoorDash by 340.8% in the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after buying an additional 259 shares during the period. ORG Partners LLC lifted its holdings in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after buying an additional 253 shares during the period. Finally, Quest Partners LLC lifted its holdings in shares of DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Stock Performance

Shares of DoorDash stock opened at $169.64 on Thursday. The company has a market capitalization of $70.47 billion, a P/E ratio of -376.98, a P/E/G ratio of 18.08 and a beta of 1.67. The company has a fifty day moving average of $142.44 and a 200 day moving average of $124.83. DoorDash, Inc. has a fifty-two week low of $83.58 and a fifty-two week high of $169.74.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.19) EPS. Analysts forecast that DoorDash, Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JMP Securities lifted their target price on shares of DoorDash from $160.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Argus assumed coverage on shares of DoorDash in a report on Tuesday, July 23rd. They set a “hold” rating for the company. Royal Bank of Canada lifted their target price on shares of DoorDash from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Mizuho lifted their target price on shares of DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC boosted their price objective on shares of DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.12.

Insiders Place Their Bets

In other news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the sale, the director now directly owns 18,089 shares in the company, valued at approximately $2,355,187.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $127.86, for a total transaction of $895,020.00. Following the transaction, the chief financial officer now directly owns 396,152 shares in the company, valued at approximately $50,651,994.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the transaction, the director now owns 18,089 shares in the company, valued at $2,355,187.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 324,539 shares of company stock worth $46,439,330 in the last 90 days. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Company 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.