Calamos Wealth Management LLC Sells 18,846 Shares of DoorDash, Inc. (NASDAQ:DASH)

Calamos Wealth Management LLC reduced its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 19.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,909 shares of the company’s stock after selling 18,846 shares during the quarter. Calamos Wealth Management LLC’s holdings in DoorDash were worth $12,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Baillie Gifford & Co. boosted its stake in 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 buying an additional 1,645,186 shares during the period. State Street Corp grew its stake in DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after purchasing an additional 272,659 shares during the last quarter. Janus Henderson Group PLC raised its stake in DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after buying an additional 700,465 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of DoorDash by 6.4% in the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after purchasing an additional 267,855 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of 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 purchasing an additional 501,905 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other news, insider Keith Yandell sold 7,980 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40. Following the completion of the sale, the insider now directly owns 124,221 shares of the company’s stock, valued at $21,115,085.58. This represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00. Following the completion of the sale, the chief operating officer now directly owns 925,222 shares in the company, valued at approximately $167,307,894.26. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,040,758 shares of company stock valued at $181,434,201. Company insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

DASH stock opened at $190.80 on Tuesday. The business has a 50-day simple moving average of $175.53 and a two-hundred day simple moving average of $152.23. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $192.78. The company has a market capitalization of $79.26 billion, a P/E ratio of -424.00, a price-to-earnings-growth ratio of 1.97 and a beta of 1.71.

Analysts Set New Price Targets

Several research analysts recently weighed in on DASH shares. Truist Financial upped their price target on shares of DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Evercore ISI boosted their target price on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Morgan Stanley boosted their price target on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Barclays upped their price target on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Needham & Company LLC boosted their price objective on DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Nine 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.com, DoorDash 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.