Public Employees Retirement Association of Colorado Sells 245 Shares of DoorDash, Inc. (NASDAQ:DASH)

Public Employees Retirement Association of Colorado lessened its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 39,757 shares of the company’s stock after selling 245 shares during the period. Public Employees Retirement Association of Colorado’s holdings in DoorDash were worth $6,669,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

DASH has been the subject of several research analyst reports. FBN Securities initiated coverage on DoorDash in a research report on Friday, March 28th. They set an “outperform” rating and a $230.00 price objective for the company. The Goldman Sachs Group boosted their price objective on DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. KeyCorp cut their price target on DoorDash from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Wolfe Research boosted their price objective on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Cantor Fitzgerald reduced their target price on DoorDash from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and an average target price of $209.66.

Insiders Place Their Bets

In other DoorDash news, CFO Ravi Inukonda sold 15,198 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 351,970 shares of the company’s stock, valued at approximately $71,840,596.70. The trade was a 4.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andy Fang sold 1,398 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the transaction, the director now owns 14,778 shares of the company’s stock, valued at $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 157,086 shares of company stock valued at $30,127,884. 7.92% of the stock is currently owned by insiders.

DoorDash Stock Up 0.1 %

DoorDash stock opened at $187.88 on Tuesday. The stock has a 50-day simple moving average of $185.58 and a 200 day simple moving average of $178.49. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The stock has a market capitalization of $78.93 billion, a price-to-earnings ratio of 695.85 and a beta of 1.69.

DoorDash 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.