DoorDash, Inc. (NASDAQ:DASH) CFO Sells $2,416,945.62 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 14,219 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $2,416,945.62. Following the sale, the chief financial officer now directly owns 380,993 shares in the company, valued at $64,761,190.14. This represents a 3.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, August 30th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The stock was sold at an average price of $127.86, for a total value of $895,020.00.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $177.24 on Monday. The firm has a market capitalization of $73.62 billion, a price-to-earnings ratio of -393.87, a price-to-earnings-growth ratio of 13.31 and a beta of 1.67. The business’s 50 day simple moving average is $153.61 and its 200-day simple moving average is $129.08. DoorDash, Inc. has a 12 month low of $92.56 and a 12 month high of $178.16.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping 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 company 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. DoorDash’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, equities analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On DoorDash

Hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its position in shares of DoorDash by 11,416.7% in the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after purchasing an additional 3,425,115 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of 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 during the last quarter. Dragoneer Investment Group LLC lifted its stake in DoorDash by 77.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after buying an additional 1,246,567 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in DoorDash by 595.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock valued at $122,830,000 after buying an additional 763,579 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in DoorDash by 216.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after buying an additional 739,961 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price objective on DoorDash from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Morgan Stanley boosted their price target on shares of DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their price objective on shares of DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods upgraded shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 target price for the company in a research note on Wednesday, September 25th. Finally, Barclays raised their price target on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.03.

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.