DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda Sells 7,000 Shares

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $169.32, for a total transaction of $1,185,240.00. Following the transaction, the chief financial officer now directly owns 366,993 shares in the company, valued at $62,139,254.76. This trade represents a 1.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, November 29th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The stock was sold at an average price of $179.76, for a total transaction of $1,258,320.00.
• On Wednesday, November 20th, Ravi Inukonda sold 14,219 shares of DoorDash stock. The shares were sold at an average price of $169.98, for a total transaction of $2,416,945.62.

DoorDash Stock Performance

NASDAQ:DASH opened at $170.65 on Friday. The company has a market cap of $70.89 billion, a price-to-earnings ratio of -379.22, a P/E/G ratio of 13.56 and a beta of 1.70. The stock’s fifty day moving average price is $170.94 and its two-hundred day moving average price is $141.09. DoorDash, Inc. has a 52-week low of $93.33 and a 52-week high of $181.78.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. On average, equities analysts predict that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. raised its stake in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after acquiring an additional 132 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of DoorDash during the 2nd quarter valued at $32,000. Quest Partners LLC lifted its stake in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the period. Finally, Hollencrest Capital Management bought a new position in shares of DoorDash in the 3rd quarter worth $54,000. Institutional investors own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the subject of several recent research reports. DA Davidson upped their price target on DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their price target on shares of DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Raymond James initiated coverage on shares of DoorDash in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 price objective for the company. Finally, Evercore ISI lifted their target price on shares of DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $168.70.

About DoorDash

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.