Atomi Financial Group Inc. Has $1.18 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Atomi Financial Group Inc. cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 26.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 8,233 shares of the company’s stock after selling 2,919 shares during the quarter. Atomi Financial Group Inc.’s holdings in DoorDash were worth $1,175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in DoorDash by 0.8% during the second quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after acquiring an additional 82 shares during the last quarter. Everhart Financial Group Inc. lifted its position in DoorDash by 3.1% during the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock worth $355,000 after acquiring an additional 99 shares during the last quarter. GAMMA Investing LLC lifted its position in DoorDash by 17.2% during the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $101,000 after acquiring an additional 108 shares during the last quarter. E Fund Management Co. Ltd. lifted its position in DoorDash by 3.5% during the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after acquiring an additional 111 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in DoorDash by 21.0% during the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock worth $73,000 after acquiring an additional 117 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In related news, CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total value of $7,586,489.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total value of $7,586,489.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $105.57, for a total transaction of $5,278,500.00. Following the completion of the transaction, the director now owns 19,982 shares in the company, valued at approximately $2,109,499.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 281,503 shares of company stock worth $33,988,063 over the last quarter. Company insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $143.30 on Wednesday. The firm has a market cap of $58.60 billion, a PE ratio of -132.69, a price-to-earnings-growth ratio of 295.70 and a beta of 1.70. The firm’s fifty day moving average is $130.49 and its 200-day moving average is $122.28. DoorDash, Inc. has a 52 week low of $69.90 and a 52 week high of $146.36.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. DoorDash’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.44) EPS. Sell-side analysts forecast that DoorDash, Inc. will post 0.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DASH shares. Needham & Company LLC raised their price objective on shares of DoorDash from $137.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. UBS Group raised their target price on shares of DoorDash from $125.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Raymond James initiated coverage on shares of DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price on the stock. Roth Mkm raised their target price on shares of DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, Redburn Atlantic initiated coverage on shares of DoorDash in a report on Friday, July 26th. They set a “buy” rating and a $170.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and an average price target of $146.91.

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.