Insider Selling: DoorDash, Inc. (NASDAQ:DASH) CFO Sells 7,000 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $169.32, for a total transaction of $1,185,240.00. Following the completion of the transaction, the chief financial officer now owns 366,993 shares of the company’s stock, valued at approximately $62,139,254.76. This trade represents a 1.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, November 29th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The shares were 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 value of $2,416,945.62.

DoorDash Trading Up 2.5 %

Shares of DASH opened at $174.96 on Friday. The stock’s 50 day moving average is $171.36 and its two-hundred day moving average is $141.72. DoorDash, Inc. has a twelve month low of $93.33 and a twelve month high of $181.78. The firm has a market capitalization of $72.68 billion, a PE ratio of -388.80, a P/E/G ratio of 13.56 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the business earned ($0.19) earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, sell-side analysts predict that DoorDash, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DASH shares. The Goldman Sachs Group boosted their price objective on DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Susquehanna increased their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Royal Bank of Canada raised their price objective on shares of DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Oppenheimer increased their target price on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Finally, Citigroup lifted their price target on DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.42.

Hedge Funds Weigh In On DoorDash

A number of large investors have recently made changes to their positions in the stock. Central Pacific Bank Trust Division grew its position in DoorDash by 1.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock worth $1,169,000 after buying an additional 91 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of DoorDash in the 4th quarter worth approximately $1,360,000. GAMMA Investing LLC increased its stake in DoorDash by 19.9% in the 4th quarter. GAMMA Investing LLC now owns 1,128 shares of the company’s stock valued at $189,000 after purchasing an additional 187 shares in the last quarter. Versant Capital Management Inc raised its holdings in DoorDash by 80.4% during the fourth quarter. Versant Capital Management Inc now owns 900 shares of the company’s stock worth $151,000 after purchasing an additional 401 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in DoorDash by 25.0% during the third quarter. Principal Financial Group Inc. now owns 90,786 shares of the company’s stock worth $12,958,000 after purchasing an additional 18,155 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.