Insider Selling: DoorDash, Inc. (NASDAQ:DASH) CFO Sells 7,000 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $179.76, for a total value of $1,258,320.00. Following the completion of the sale, the chief financial officer now owns 373,993 shares in the company, valued at $67,228,981.68. The trade was a 1.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, November 20th, Ravi Inukonda sold 14,219 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total value of $2,416,945.62.

DoorDash Trading Down 0.2 %

DASH stock traded down $0.28 during trading on Tuesday, reaching $176.09. The stock had a trading volume of 1,853,587 shares, compared to its average volume of 3,769,173. DoorDash, Inc. has a 52 week low of $93.33 and a 52 week high of $181.30. The stock’s 50 day moving average is $158.85 and its two-hundred day moving average is $131.73. The firm has a market cap of $73.15 billion, a PE ratio of -389.53, a PEG ratio of 13.88 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.19) earnings per share. On average, research analysts anticipate that DoorDash, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on DASH shares. Roth Mkm upped their target price on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Evercore ISI increased their price target on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Susquehanna increased their price target on DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Bank of America increased their price target on DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Oppenheimer increased their price target on DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and an average price target of $166.06.

Institutional Investors Weigh In On DoorDash

A number of institutional investors and hedge funds have recently bought and sold shares of DASH. Brighton Jones LLC increased its holdings in shares of DoorDash by 0.8% in the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock valued at $1,122,000 after acquiring an additional 82 shares during the period. Everhart Financial Group Inc. grew its stake in DoorDash by 3.1% during the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after purchasing an additional 99 shares during the last quarter. E Fund Management Co. Ltd. lifted its holdings in shares of DoorDash by 3.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after buying an additional 111 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of DoorDash by 21.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after buying an additional 117 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in DoorDash by 39.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock worth $61,000 after purchasing an additional 119 shares during the period. 90.64% of the stock is 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.