Insider Selling: DoorDash (NASDAQ:DASH) CFO Sells 19,505 Shares

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 19,505 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $220.62, for a total transaction of $4,303,193.10. Following the completion of the sale, the chief financial officer owned 232,938 shares in the company, valued at $51,390,781.56. The trade was a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, July 8th, Ravi Inukonda sold 19,095 shares of DoorDash stock. The stock was sold at an average price of $188.04, for a total transaction of $3,590,623.80.

DoorDash Trading Up 2.1%

DoorDash stock opened at $236.74 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $102.58 billion, a price-to-earnings ratio of 123.95 and a beta of 1.78. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The firm’s 50 day moving average price is $199.10 and its two-hundred day moving average price is $176.81.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the company posted $0.65 EPS. DoorDash’s quarterly revenue was up 35.6% on a year-over-year basis. On average, research analysts predict that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash said workplace meal expectations are rising, suggesting potential growth in business and group-order demand. The survey is supportive of engagement but does not provide specific revenue or earnings guidance. Workplace meal expectations are rising
• Positive Sentiment: The company recently added Kohl’s, Barnes & Noble and Carter’s to its retail marketplace, expanding access to about 500,000 products ahead of back-to-school season. The move supports DoorDash’s diversification beyond restaurants and could increase order frequency and marketplace volume. DoorDash expands back-to-school delivery
• Neutral Sentiment: DoorDash’s seasonal data showed pecan orders increased 28% as restaurants introduced fall menus earlier. The report highlights consumer activity and marketing reach, but is not material financial guidance. DoorDash fall flavor data
• Negative Sentiment: COO Prabir Adarkar sold 55,289 shares worth approximately $12.8 million, following additional executive stock sales by the general counsel and other insiders. The transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal, but the volume may nevertheless weigh on investor sentiment. DoorDash insider stock sales
• Negative Sentiment: A Texas man sued DoorDash over a crash that he says caused a traumatic brain injury. The allegations create potential legal costs and reputational risk, although the report does not establish liability or quantify financial exposure. Texas man sues DoorDash after crash
• Negative Sentiment: Separate reports involving a DoorDash driver delivering food unclothed and a driver’s death in a vehicle-dragging incident could harm brand perception and raise questions about platform safety and contractor oversight. These appear isolated and their direct financial impact is unclear. Naked DoorDash driver incident

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DASH shares. Truist Financial upped their target price on DoorDash from $330.00 to $336.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of DoorDash in a research note on Friday, August 7th. BTIG Research restated a “buy” rating and set a $225.00 price objective on shares of DoorDash in a report on Thursday, August 6th. Jefferies Financial Group lifted their target price on shares of DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Benchmark cut their price target on shares of DoorDash from $285.00 to $270.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Twenty-three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.53.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC lifted its stake in DoorDash by 6.5% in the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after acquiring an additional 60 shares in the last quarter. Vise Technologies Inc. grew its stake in DoorDash by 1.8% during the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after acquiring an additional 63 shares in the last quarter. Washington Trust Advisors Inc. grew its stake in DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after acquiring an additional 64 shares in the last quarter. Premier Path Wealth Partners LLC increased its holdings in shares of DoorDash by 2.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock valued at $465,000 after purchasing an additional 67 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in shares of DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.