Rep. Byron Donalds Buys DoorDash, Inc. (NASDAQ:DASH) Stock

Representative Byron Donalds (R-Florida) recently bought shares of DoorDash, Inc. (NASDAQ:DASH). In a filing disclosed on March 25th, the Representative disclosed that they had bought between $1,001 and $15,000 in DoorDash stock on February 13th. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fortinet (NASDAQ:FTNT) on 2/13/2025.
• Sold $1,001 – $15,000 in shares of FactSet Research Systems (NYSE:FDS) on 2/13/2025.
• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/16/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/16/2025.

DoorDash Trading Down 3.4 %

Shares of NASDAQ:DASH opened at $192.87 on Thursday. The company has a 50 day moving average of $191.37 and a 200-day moving average of $171.21. The firm has a market cap of $81.02 billion, a P/E ratio of 714.33 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

Insiders Place Their Bets

In other news, CFO Ravi Inukonda sold 15,198 shares of the stock in a transaction dated Thursday, February 20th. The stock was 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 owns 351,970 shares of the company’s stock, valued at approximately $71,840,596.70. This represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the transaction, the director now directly owns 16,176 shares in the company, valued at $2,722,744.32. The trade was a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 378,445 shares of company stock valued at $66,813,970 over the last three months. 7.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Susquehanna upped their target price on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday, February 13th. Morgan Stanley boosted 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. Truist Financial raised their target price on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Finally, Evercore ISI reissued an “outperform” rating on shares of DoorDash in a report on Monday, March 10th. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

Institutional Investors Weigh In On DoorDash

Large investors have recently made changes to their positions in the company. Pittenger & Anderson Inc. acquired a new stake in DoorDash in the fourth quarter valued at approximately $29,000. Denver PWM LLC bought a new position in shares of DoorDash during the 4th quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash in the 4th quarter valued at $34,000. ORG Wealth Partners LLC bought a new stake in DoorDash in the fourth quarter worth $36,000. Finally, IFP Advisors Inc increased its position in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the 2026 election.

Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.