DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda Sells 7,000 Shares

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $179.76, for a total transaction of $1,258,320.00. Following the completion of the transaction, the chief financial officer now directly owns 373,993 shares of the company’s stock, valued at $67,228,981.68. This trade represents a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, November 20th, Ravi Inukonda sold 14,219 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total transaction of $2,416,945.62.

DoorDash Stock Down 0.2 %

DoorDash stock traded down $0.28 during midday trading on Tuesday, hitting $176.09. 1,853,587 shares of the stock were exchanged, compared to its average volume of 3,769,173. The stock has a market capitalization of $73.15 billion, a PE ratio of -389.53, a P/E/G ratio of 13.88 and a beta of 1.70. The company has a fifty day simple moving average of $158.85 and a two-hundred day simple moving average of $131.73. DoorDash, Inc. has a 52 week low of $93.33 and a 52 week high of $181.30.

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

Analysts Set New Price Targets

DASH has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on shares of DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Citigroup upped their price objective on shares of DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Oppenheimer boosted their target price on shares of DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Mizuho boosted their target price on shares of DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group boosted their target price on shares of DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.06.

Institutional Investors Weigh In On DoorDash

A number of institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. boosted its position in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. State Street Corp raised its stake in DoorDash by 3.8% during the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after acquiring an additional 272,659 shares in the last quarter. Janus Henderson Group PLC raised its stake in DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after acquiring an additional 700,465 shares in the last quarter. Geode Capital Management LLC raised its stake in DoorDash by 6.4% during the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after acquiring an additional 267,855 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after acquiring an additional 501,905 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Company 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.