Calamos Advisors LLC Buys 18,100 Shares of DoorDash, Inc. (NASDAQ:DASH)

Calamos Advisors LLC grew its position in DoorDash, Inc. (NASDAQ:DASH) by 11.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 173,664 shares of the company’s stock after acquiring an additional 18,100 shares during the quarter. Calamos Advisors LLC’s holdings in DoorDash were worth $29,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. raised its position in shares of DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after acquiring an additional 130 shares during the period. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at $34,000. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at $36,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after purchasing an additional 69 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new stake in shares of DoorDash during the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $255,375. This trade represents a 98.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the sale, the chief financial officer now owns 366,993 shares of the company’s stock, valued at $67,233,117.60. This trade represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,040,758 shares of company stock valued at $181,434,201. Insiders own 7.92% of the company’s stock.

DoorDash Price Performance

NASDAQ:DASH opened at $190.80 on Tuesday. The firm has a 50-day moving average of $175.53 and a two-hundred day moving average of $152.23. The stock has a market cap of $79.26 billion, a P/E ratio of -424.00, a PEG ratio of 1.97 and a beta of 1.71. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $192.78.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DASH shares. KeyCorp raised their price target on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Bank of America increased their price objective on DoorDash from $172.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Mizuho increased their target price on shares of DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on DoorDash from $161.00 to $192.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.39.

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.