DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 19.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,909 shares of the company’s stock after selling 18,846 shares during the period. Calamos Wealth Management LLC’s holdings in DoorDash were worth $12,901,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. grew its position in shares of DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of DoorDash by 216.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after purchasing an additional 739,961 shares during the period. 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 purchasing an additional 700,465 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of DoorDash by 5,396.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after purchasing an additional 651,525 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after purchasing an additional 501,905 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analysts Set New Price Targets

DASH has been the subject of several research analyst reports. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. DA Davidson boosted their price objective on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Jefferies Financial Group increased their price target on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Citigroup increased their price target on shares of DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, KeyCorp boosted their target price on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $179.39.

Insider Activity at DoorDash

In related news, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $255,375. This trade represents a 98.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the company’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 in the company, valued at $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,040,758 shares of company stock valued at $181,434,201 over the last three months. 7.92% of the stock is owned by insiders.

DoorDash Trading Up 1.0 %

Shares of DASH opened at $190.80 on Tuesday. The stock has a market capitalization of $79.26 billion, a PE ratio of -424.00, a P/E/G ratio of 1.97 and a beta of 1.71. The firm’s 50 day moving average is $175.53 and its 200-day moving average is $152.23. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $192.78.

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.