Ravi Inukonda Sells 1,425 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at $67,233,117.60. The trade was a 0.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, December 30th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The stock was sold at an average price of $169.32, for a total value of $1,185,240.00.
• On Friday, November 29th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The stock was 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 1.1 %

Shares of DASH stock opened at $184.51 on Wednesday. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $185.38. The stock has a market capitalization of $76.65 billion, a price-to-earnings ratio of -410.02, a P/E/G ratio of 1.85 and a beta of 1.71. The stock has a fifty day simple moving average of $174.49 and a two-hundred day simple moving average of $149.86.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.19) EPS. Research analysts predict that DoorDash, Inc. will post 0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On DoorDash

Hedge funds have recently made changes to their positions in the stock. Asset Management One Co. Ltd. lifted its stake in shares of DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after purchasing an additional 10,755 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after purchasing an additional 10,100 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of DoorDash by 48.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after purchasing an additional 3,498 shares during the last quarter. Baillie Gifford & Co. lifted its stake 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. Finally, CWM LLC lifted its stake in shares of DoorDash by 97.1% during the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock worth $1,528,000 after purchasing an additional 5,273 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DASH shares. Piper Sandler raised their price target on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Royal Bank of Canada lifted their target price on DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Citigroup lifted their target price on DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley lifted their price objective on DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.18.

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.