DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Algert Global LLC

Algert Global LLC raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 1,017.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 34,674 shares of the company’s stock after buying an additional 31,571 shares during the period. Algert Global LLC’s holdings in DoorDash were worth $4,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DASH. Rakuten Securities Inc. grew its stake in shares of DoorDash by 302.3% during the 3rd 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. Meeder Asset Management Inc. grew its position in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after buying an additional 132 shares during the period. Headlands Technologies LLC purchased a new position in DoorDash in the second quarter valued at $32,000. Versant Capital Management Inc raised its position in shares of DoorDash by 340.8% in the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares during the period. Finally, Quest Partners LLC increased its stake in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the topic of several research analyst reports. Piper Sandler raised their price objective on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Bank of America boosted their price target on DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. UBS Group boosted their price target on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Morgan Stanley boosted their price objective on DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Raymond James started coverage on DoorDash in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 target price for the company. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.03.

DoorDash Trading Up 2.4 %

NASDAQ:DASH opened at $177.24 on Monday. The stock has a fifty day moving average price of $153.61 and a 200 day moving average price of $129.08. DoorDash, Inc. has a 12-month low of $92.56 and a 12-month high of $178.16. The firm has a market cap of $73.62 billion, a PE ratio of -393.87, a price-to-earnings-growth ratio of 13.31 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.19) earnings per share. Equities analysts forecast that DoorDash, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 1,855 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $315,312.90. Following the sale, the director now owns 35,413 shares of the company’s stock, valued at approximately $6,019,501.74. This trade represents a 4.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Keith Yandell sold 7,980 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the completion of the transaction, the insider now owns 124,221 shares of the company’s stock, valued at approximately $21,115,085.58. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 547,753 shares of company stock valued at $84,544,996. Insiders own 7.92% of the company’s stock.

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.