DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Cwm LLC

Cwm LLC lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 97.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,705 shares of the company’s stock after buying an additional 5,273 shares during the quarter. Cwm LLC’s holdings in DoorDash were worth $1,528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC raised its position in DoorDash by 11,416.7% during the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after acquiring an additional 3,425,115 shares during the last quarter. Dragoneer Investment Group LLC raised its position in shares of DoorDash by 77.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock worth $309,755,000 after purchasing an additional 1,246,567 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in DoorDash by 595.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock valued at $122,830,000 after buying an additional 763,579 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in DoorDash by 3,284.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock valued at $79,385,000 after buying an additional 708,218 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in DoorDash during the first quarter worth $92,141,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Price Performance

Shares of DASH stock opened at $148.87 on Wednesday. The company’s fifty day moving average price is $133.59 and its two-hundred day moving average price is $122.58. The firm has a market capitalization of $60.88 billion, a P/E ratio of -137.84, a P/E/G ratio of 425.82 and a beta of 1.70. DoorDash, Inc. has a 12 month low of $69.90 and a 12 month high of $150.29.

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). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the company posted ($0.44) EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, sell-side analysts anticipate that DoorDash, Inc. will post 0.01 EPS for the current year.

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $123.43, for a total value of $6,685,709.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $123.43, for a total value of $6,685,709.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the sale, the director now owns 18,089 shares in the company, valued at $2,355,187.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 227,337 shares of company stock valued at $30,212,299. 7.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Raymond James started coverage on DoorDash in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 price objective on the stock. DA Davidson upped their target price on shares of DoorDash from $110.00 to $119.00 and gave the company a “neutral” rating in a report on Monday, August 5th. JMP Securities lifted their price target on shares of DoorDash from $145.00 to $160.00 and gave the stock a “market outperform” rating in a report on Monday, September 30th. UBS Group upped their price objective on shares of DoorDash from $125.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Oppenheimer lifted their target price on shares of DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average 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.