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

Calamos Wealth Management LLC decreased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DASH. Rakuten Securities Inc. boosted its holdings in shares of DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in DoorDash in the fourth quarter valued at $34,000. ORG Wealth Partners LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of DoorDash by 34.0% during 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. Finally, Hollencrest Capital Management purchased a new position in DoorDash during the third quarter worth $54,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $255,375. The trade was a 98.63 % 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. Also, insider Keith Yandell sold 7,980 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $1,356,440.40. Following the transaction, the insider now owns 124,221 shares of the company’s stock, valued at approximately $21,115,085.58. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,040,758 shares of company stock worth $181,434,201 in the last 90 days. 7.92% of the stock is owned by corporate insiders.

DoorDash Trading Up 1.0 %

NASDAQ:DASH opened at $190.80 on Tuesday. The stock has a fifty day simple moving average of $175.53 and a 200-day simple moving average of $152.23. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $192.78. The company has a market cap of $79.26 billion, a price-to-earnings ratio of -424.00, a price-to-earnings-growth ratio of 1.97 and a beta of 1.71.

Analysts Set New Price Targets

A number of research firms have issued reports on DASH. Mizuho upped their target price on shares of DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Citigroup increased their target price on DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. DA Davidson raised their target price on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wolfe Research boosted their price objective on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Needham & Company LLC lifted 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 research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.