Ravi Inukonda Sells 1,425 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $231.97, for a total transaction of $330,557.25. Following the completion of the sale, the chief financial officer directly owned 184,037 shares of the company’s stock, valued at $42,691,062.89. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, October 20th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $263.86, for a total transaction of $376,000.50.
• On Wednesday, September 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The stock was sold at an average price of $266.16, for a total transaction of $379,278.00.

DoorDash Trading Down 0.2%

DoorDash stock opened at $232.19 on Thursday. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The company’s fifty day moving average price is $225.64 and its two-hundred day moving average price is $240.85. The company has a market capitalization of $100.07 billion, a price-to-earnings ratio of 117.86 and a beta of 1.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the company posted $0.38 EPS. The business’s revenue was up 27.3% on a year-over-year basis. On average, analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DASH has been the subject of a number of analyst reports. Needham & Company LLC reduced their price objective on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, November 14th. UBS Group decreased their price target on shares of DoorDash from $316.00 to $241.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Bank of America dropped their price objective on DoorDash from $325.00 to $305.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. KeyCorp reaffirmed an “overweight” rating and issued a $280.00 target price on shares of DoorDash in a report on Friday, November 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $280.00 price target on shares of DoorDash in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.74.

Institutional Trading of DoorDash

A number of hedge funds have recently modified their holdings of DASH. Brighton Jones LLC raised its stake in shares of DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of DoorDash by 17.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,469 shares of the company’s stock valued at $451,000 after buying an additional 370 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of DoorDash by 10.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,717 shares of the company’s stock valued at $314,000 after buying an additional 162 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of DoorDash by 413.8% during the 1st quarter. MetLife Investment Management LLC now owns 101,802 shares of the company’s stock worth $18,606,000 after acquiring an additional 81,988 shares during the period. Finally, Comerica Bank boosted its position in shares of DoorDash by 164.0% during the 1st quarter. Comerica Bank now owns 52,168 shares of the company’s stock valued at $9,535,000 after acquiring an additional 32,404 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.