DoorDash, Inc. (NASDAQ:DASH) CFO Sells $3,102,063.78 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 15,198 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the transaction, the chief financial officer now directly owns 351,970 shares in the company, valued at approximately $71,840,596.70. The trade was a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, January 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00.
• On Monday, December 30th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The shares were sold at an average price of $169.32, for a total transaction of $1,185,240.00.
• 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 transaction of $1,258,320.00.

DoorDash Price Performance

DoorDash stock opened at $195.87 on Tuesday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.24. The stock’s fifty day moving average is $182.89 and its two-hundred day moving average is $161.81. The stock has a market cap of $82.28 billion, a PE ratio of 725.44 and a beta of 1.72.

Analyst Ratings Changes

DASH has been the subject of several recent analyst reports. Bank of America raised their target price on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Roth Mkm raised their price objective on DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Royal Bank of Canada upped their target price on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Citigroup increased their target price on shares of DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Nine research 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

Hedge Funds Weigh In On DoorDash

Hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. raised its holdings in shares of DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after buying an additional 130 shares during the last quarter. Pittenger & Anderson Inc. purchased a new stake in shares of DoorDash during the fourth quarter worth approximately $29,000. Denver PWM LLC purchased a new stake in shares of DoorDash during the fourth quarter worth approximately $30,000. Princeton Global Asset Management LLC purchased a new position in DoorDash in the 4th quarter valued at $34,000. Finally, ORG Wealth Partners LLC acquired a new position in DoorDash in the 4th quarter valued at $36,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

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.