DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda Sells 14,715 Shares

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 14,715 shares of DoorDash stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the transaction, the chief financial officer now directly owns 338,055 shares in the company, valued at $66,434,568.60. This trade represents a 4.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, February 20th, Ravi Inukonda sold 15,198 shares of DoorDash stock. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78.
• On Friday, January 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were 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 stock was sold at an average price of $169.32, for a total value of $1,185,240.00.

DoorDash Trading Down 3.4 %

NASDAQ:DASH traded down $6.85 during trading hours on Wednesday, reaching $192.87. The company had a trading volume of 3,848,253 shares, compared to its average volume of 4,002,851. The firm has a market cap of $81.02 billion, a price-to-earnings ratio of 714.33 and a beta of 1.70. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The firm’s 50 day moving average price is $190.94 and its 200-day moving average price is $171.06.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. KeyCorp lifted their price target on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. JPMorgan Chase & Co. upped their price target on shares of DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Susquehanna boosted their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Thursday, February 13th. Morgan Stanley increased their target price on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Citigroup restated a “buy” rating on shares of DoorDash in a report on Saturday, March 8th. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. GeoWealth Management LLC increased its holdings in DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock worth $240,000 after acquiring an additional 51 shares in the last quarter. IFP Advisors Inc raised its holdings in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after acquiring an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares in the last quarter. Avestar Capital LLC boosted its position in shares of DoorDash by 1.1% during the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after acquiring an additional 75 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other 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.