Trexquant Investment LP Sells 121,529 Shares of DoorDash, Inc. (NASDAQ:DASH)

Trexquant Investment LP lowered its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 79.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,381 shares of the company’s stock after selling 121,529 shares during the period. Trexquant Investment LP’s holdings in DoorDash were worth $5,432,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pittenger & Anderson Inc. bought a new stake in DoorDash in the 4th quarter worth about $29,000. Denver PWM LLC bought a new stake in shares of DoorDash during the 4th quarter valued at $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash during the fourth quarter valued at about $34,000. ORG Wealth Partners LLC purchased a new stake in DoorDash in the fourth quarter worth about $36,000. Finally, IFP Advisors Inc lifted its position in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DASH. Needham & Company LLC reissued a “buy” rating on shares of DoorDash in a report on Monday, March 3rd. Evercore ISI restated an “outperform” rating on shares of DoorDash in a research note on Monday, March 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $240.00 price target (up previously from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Truist Financial boosted their price objective on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Mizuho lifted their target price on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $207.29.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $163.16 on Friday. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The firm has a market capitalization of $68.54 billion, a price-to-earnings ratio of 604.30 and a beta of 1.69. The stock has a 50 day moving average price of $191.90 and a 200 day moving average price of $173.46.

Insider Buying and Selling at DoorDash

In related news, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the transaction, the insider now directly owns 105,162 shares of the company’s stock, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $170.01, for a total transaction of $8,500,500.00. Following the completion of the transaction, the director now directly owns 16,176 shares of the company’s stock, valued at $2,750,081.76. This trade represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 258,523 shares of company stock valued at $47,227,120 in the last ninety days. Corporate insiders own 7.92% of the company’s stock.

DoorDash 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.