DoorDash, Inc. $DASH Shares Sold by TenCore Partners LP

TenCore Partners LP trimmed its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,744 shares of the company’s stock after selling 7,000 shares during the period. DoorDash makes up 5.4% of TenCore Partners LP’s portfolio, making the stock its 8th biggest holding. TenCore Partners LP’s holdings in DoorDash were worth $6,561,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Brooklyn FI LLC acquired a new position in shares of DoorDash during the 3rd quarter worth about $524,000. Knights of Columbus Asset Advisors LLC boosted its stake in DoorDash by 108.4% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 31,771 shares of the company’s stock valued at $5,832,000 after purchasing an additional 16,523 shares during the period. Mesirow Financial Investment Management Inc. boosted its stake in DoorDash by 59.7% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 13,625 shares of the company’s stock valued at $2,501,000 after purchasing an additional 5,092 shares during the period. Keybank National Association OH boosted its stake in DoorDash by 2,914.8% during the 3rd quarter. Keybank National Association OH now owns 160,962 shares of the company’s stock valued at $29,545,000 after purchasing an additional 155,623 shares during the period. Finally, New York Life Investment Management LLC grew its holdings in DoorDash by 391.2% in the 3rd quarter. New York Life Investment Management LLC now owns 259,271 shares of the company’s stock valued at $47,589,000 after buying an additional 206,484 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on DASH shares. Piper Sandler reaffirmed a “neutral” rating and issued a $220.00 price target (up from $205.00) on shares of DoorDash in a research report on Thursday, August 6th. Benchmark increased their price objective on DoorDash from $270.00 to $295.00 in a research report on Thursday, August 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 price objective on shares of DoorDash in a research report on Friday, October 30th. Barclays lowered their price objective on shares of DoorDash from $230.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Friday, October 30th. Finally, Scotiabank dropped their target price on shares of DoorDash from $275.00 to $235.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $249.82.

DoorDash Stock Down 1.5%

NASDAQ DASH opened at $178.25 on Wednesday. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $239.00. The stock has a market cap of $77.71 billion, a PE ratio of 73.66, a PEG ratio of 1.50 and a beta of 1.98. The firm has a 50-day simple moving average of $191.19 and a 200 day simple moving average of $182.24. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.46 and a current ratio of 1.46.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.25. The firm had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.56 billion. DoorDash had a return on equity of 10.40% and a net margin of 6.23%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 earnings per share. On average, research analysts forecast that DoorDash, Inc. will post 2.69 EPS for the current year.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Reports say AI agents have generated only a small number of orders on DoorDash and other delivery and ride-hailing apps, suggesting that agent-driven ordering is not yet a meaningful threat to DoorDash’s customer channel. Article: Almost nobody uses AI agents to order food or rides on apps like Uber
• Neutral Sentiment: Coverage puts the proposed $17 billion Instacart deal in focus. DoorDash is described as growing quickly, while Instacart has argued the transaction should be approved given competition from Walmart and Amazon. The deal could offer strategic scale, but its approval and eventual execution remain important uncertainties for investors. Article: DoorDash (DASH) Is Growing Fast, but Its $17 Billion Instacart Deal Takes Center Stage Article: Instacart points to Walmart and Amazon as reasons its merger with DoorDash should be approved
• Neutral Sentiment: Multiple outlets report that a Pennsylvania DoorDash driver is missing. The reports describe an ongoing search, not a company operational or financial development; any direct impact on DASH is unclear. Article: DoorDash driver mysteriously disappeared after making his last delivery, reports say
• Negative Sentiment: Uber has asked an appeals court to keep a case involving DoorDash out of arbitration. The dispute adds legal uncertainty, though the article does not report a ruling or quantify potential financial exposure. Article: Uber Asks Appeals Court to Keep DoorDash Case Out of Arbitration

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 8,738 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $180.85, for a total value of $1,580,267.30. Following the completion of the transaction, the chief operating officer directly owned 921,473 shares in the company, valued at approximately $166,648,392.05. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total value of $918,450.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 349,430 shares of company stock worth $76,644,002. 44.90% of the stock is currently owned by corporate insiders.

DoorDash Profile

DoorDash, Inc. operates a local commerce platform that connects consumers with restaurants and other merchants, as well as with independent delivery workers. Through its app and website, customers can order restaurant meals, groceries, convenience items and products from other local retailers for delivery or pickup. The company also provides services for merchants, including tools for online ordering, marketing and fulfillment. Its offerings include DoorDash Drive, which provides delivery logistics for merchants’ own orders, and DashPass, a subscription program for eligible orders.