DoorDash, Inc. (NASDAQ:DASH) CFO Sells $3,102,063.78 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 15,198 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the completion of the sale, the chief financial officer now owns 351,970 shares of the company’s stock, valued at $71,840,596.70. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, January 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00.
• On Monday, December 30th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The shares were sold at an average price of $169.32, for a total transaction of $1,185,240.00.
• On Friday, November 29th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The stock was sold at an average price of $179.76, for a total value of $1,258,320.00.

DoorDash Trading Down 2.3 %

NASDAQ DASH opened at $191.27 on Wednesday. The stock has a market cap of $80.35 billion, a PE ratio of 708.41 and a beta of 1.72. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24. The company’s 50-day moving average price is $183.18 and its 200-day moving average price is $162.29.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DASH. Wolfe Research increased their target price on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. DA Davidson increased their price objective on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Wedbush boosted their target price on shares of DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Bank of America increased their price target on shares of DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley raised their price objective on DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. 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, the stock has an average rating of “Moderate Buy” and an average target price of $206.52.

Hedge Funds Weigh In On DoorDash

A number of hedge funds have recently added to or reduced their stakes in DASH. Polar Asset Management Partners Inc. bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $2,952,000. Challenger Wealth Management purchased a new position in DoorDash during the 4th quarter worth $252,000. American Trust purchased a new position in DoorDash during the 4th quarter worth $201,000. Mackenzie Financial Corp raised its position in DoorDash by 751.2% during the 4th quarter. Mackenzie Financial Corp now owns 159,461 shares of the company’s stock valued at $26,750,000 after purchasing an additional 140,728 shares in the last quarter. Finally, Cache Advisors LLC bought a new position in shares of DoorDash during the 4th quarter worth $1,947,000. 90.64% of the stock is currently owned by institutional investors.

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.