DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC trimmed its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 17.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,869 shares of the company’s stock after selling 6,067 shares during the period. Penserra Capital Management LLC’s holdings in DoorDash were worth $3,976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. boosted its holdings in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the period. Headlands Technologies LLC bought a new position in shares of DoorDash in the second quarter valued at approximately $32,000. Meeder Asset Management Inc. lifted its position in DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares during the last quarter. Versant Capital Management Inc boosted its stake in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares during the period. Finally, Quest Partners LLC boosted its position in shares of DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after acquiring an additional 204 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Up 1.0 %

DASH opened at $179.10 on Tuesday. The stock has a market cap of $74.40 billion, a PE ratio of -398.00, a price-to-earnings-growth ratio of 13.63 and a beta of 1.67. DoorDash, Inc. has a twelve month low of $92.56 and a twelve month high of $179.13. The company has a fifty day moving average of $154.57 and a 200-day moving average of $129.52.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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) EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. Sell-side analysts anticipate that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $127.86, for a total value of $895,020.00. Following the completion of the sale, the chief financial officer now owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stanley Tang sold 1,855 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $315,312.90. Following the transaction, the director now directly owns 35,413 shares in the company, valued at $6,019,501.74. The trade was a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 547,753 shares of company stock valued at $84,544,996 in the last quarter. 7.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DASH has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Loop Capital increased their price target on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Wedbush restated a “neutral” rating and issued a $115.00 price objective on shares of DoorDash in a research report on Friday, August 2nd. Roth Mkm lifted their target price on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, BMO Capital Markets boosted their price target on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.03.

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.