DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,463 shares of the company’s stock after selling 1,887 shares during the period. Raymond James & Associates’ holdings in DoorDash were worth $11,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP raised its stake in shares of DoorDash by 930.5% in the 2nd quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock valued at $73,534,000 after acquiring an additional 610,388 shares during the period. Jupiter Asset Management Ltd. purchased a new position in DoorDash in the first quarter valued at about $2,969,000. CWM LLC lifted its stake in shares of DoorDash by 97.1% during the third quarter. CWM LLC now owns 10,705 shares of the company’s stock worth $1,528,000 after purchasing an additional 5,273 shares in the last quarter. Paragon Capital Management Inc. purchased a new stake in shares of DoorDash in the second quarter worth about $1,309,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of DoorDash by 9.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 25,807 shares of the company’s stock valued at $2,807,000 after buying an additional 2,125 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on DASH shares. Raymond James began coverage on DoorDash in a research report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price target on the stock. Oppenheimer boosted their target price on shares of DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Roth Mkm upped their target price on shares of DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Susquehanna lifted their price target on shares of DoorDash from $135.00 to $140.00 and gave the stock a “positive” rating in a research note on Monday, August 5th. Finally, Jefferies Financial Group boosted their price objective on shares of DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Insider Buying and Selling

In other news, CEO Tony Xu sold 81,249 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total value of $12,014,289.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the transaction, the chief financial officer now directly owns 396,152 shares of the company’s stock, valued at $50,651,994.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tony Xu sold 81,249 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The disclosure for this sale can be found here. Insiders sold 383,710 shares of company stock valued at $53,725,640 over the last 90 days. 7.92% of the stock is currently owned by company insiders.

DoorDash Trading Down 0.3 %

NASDAQ DASH opened at $153.37 on Tuesday. The company has a 50-day moving average price of $138.24 and a two-hundred day moving average price of $123.49. DoorDash, Inc. has a 52 week low of $71.38 and a 52 week high of $155.31. The stock has a market cap of $62.72 billion, a price-to-earnings ratio of -142.01, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the company earned ($0.44) earnings per share. As a group, equities research analysts expect that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

DoorDash Company 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.