Versant Capital Management Inc Has $151,000 Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Versant Capital Management Inc boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 80.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 900 shares of the company’s stock after purchasing an additional 401 shares during the quarter. Versant Capital Management Inc’s holdings in DoorDash were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also 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. grew its holdings in DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares during the period. Headlands Technologies LLC bought a new stake in DoorDash in the second quarter valued at about $32,000. Quest Partners LLC increased 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 acquiring an additional 204 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of DoorDash in the 3rd quarter valued at approximately $54,000. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other news, CEO Tony Xu sold 81,249 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total transaction of $12,014,289.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $143.76, for a total value of $7,188,000.00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at $2,600,474.64. This trade represents a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,082,694 shares of company stock valued at $183,152,786. Company insiders own 7.92% of the company’s stock.

DoorDash Stock Up 2.5 %

DASH opened at $174.96 on Friday. DoorDash, Inc. has a 12-month low of $93.33 and a 12-month high of $181.78. The business has a 50 day moving average of $171.36 and a 200-day moving average of $141.52. The stock has a market cap of $72.68 billion, a price-to-earnings ratio of -388.80, a PEG ratio of 13.56 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last announced 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. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the firm posted ($0.19) EPS. The company’s quarterly revenue was up 25.0% on a year-over-year basis. As a group, analysts expect that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

DASH has been the subject of a number of analyst reports. Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. BMO Capital Markets boosted their price target on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Benchmark raised their price objective on DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. The Goldman Sachs Group boosted their target price on DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC raised their price target on DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.42.

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.