Crossmark Global Holdings Inc. Sells 417 Shares of DoorDash, Inc. (NASDAQ:DASH)

Crossmark Global Holdings Inc. lowered its holdings in DoorDash, Inc. (NASDAQ:DASH) by 16.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,052 shares of the company’s stock after selling 417 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in DoorDash were worth $293,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its stake in shares of DoorDash by 11,416.7% in the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after purchasing an additional 3,425,115 shares during the period. Dragoneer Investment Group LLC grew its position in DoorDash by 77.9% in the second quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after acquiring an additional 1,246,567 shares during the period. Canada Pension Plan Investment Board grew its position in DoorDash by 595.2% in the first quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock valued at $122,830,000 after acquiring an additional 763,579 shares during the period. Allspring Global Investments Holdings LLC raised its stake in DoorDash by 216.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after acquiring an additional 739,961 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of DoorDash by 3,284.7% during the second quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock valued at $79,385,000 after acquiring an additional 708,218 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DASH opened at $169.43 on Monday. The company has a market capitalization of $70.38 billion, a price-to-earnings ratio of -376.51, a P/E/G ratio of 14.26 and a beta of 1.67. The business’s 50-day moving average price is $149.01 and its two-hundred day moving average price is $126.98. DoorDash, Inc. has a 1 year low of $92.56 and a 1 year high of $178.16.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. DoorDash’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period last year, the company earned ($0.19) earnings per share. Sell-side analysts anticipate that DoorDash, Inc. will post 0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DASH. The Goldman Sachs Group upped their target price on shares of DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Wedbush reaffirmed a “neutral” rating and set a $115.00 price objective on shares of DoorDash in a research note on Friday, August 2nd. Argus started coverage on shares of DoorDash in a research note on Tuesday, July 23rd. They issued a “hold” rating for the company. KeyCorp increased their price target on DoorDash from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Evercore ISI lifted their price objective on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.03.

Insider Transactions at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 32,124 shares of DoorDash stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total value of $4,754,030.76. Following the sale, the chief operating officer now directly owns 963,094 shares in the company, valued at approximately $142,528,281.06. The trade was a 3.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the transaction, the chief financial officer now owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. This represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 324,539 shares of company stock valued at $46,439,330 in the last ninety days. 7.92% of the stock is currently owned by corporate insiders.

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.