Sapient Capital LLC Invests $732,000 in DoorDash, Inc. $DASH

Sapient Capital LLC acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,969 shares of the company’s stock, valued at approximately $732,000.

A number of other institutional investors have also recently bought and sold shares of DASH. Norges Bank purchased a new stake in shares of DoorDash during the 4th quarter worth about $1,093,650,000. Wellington Management Group LLP grew its stake in shares of DoorDash by 593.1% in the 4th quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company’s stock valued at $1,241,494,000 after buying an additional 4,690,744 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in DoorDash by 32.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after buying an additional 3,447,754 shares during the last quarter. Janus Henderson Group PLC increased its holdings in DoorDash by 40.2% in the first quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock worth $1,159,377,000 after buying an additional 2,225,954 shares during the last quarter. Finally, Coatue Management LLC raised its position in DoorDash by 77.8% during the fourth quarter. Coatue Management LLC now owns 4,365,365 shares of the company’s stock valued at $988,668,000 after acquiring an additional 1,910,488 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In related news, Director Stanley Tang sold 67,693 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $200.63, for a total transaction of $13,581,246.59. Following the transaction, the director owned 40,218 shares of the company’s stock, valued at approximately $8,068,937.34. The trade was a 62.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,095 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $188.04, for a total transaction of $3,590,623.80. Following the transaction, the chief financial officer owned 252,443 shares of the company’s stock, valued at approximately $47,469,381.72. The trade was a 7.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 142,620 shares of company stock valued at $26,822,778 in the last three months. 5.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DASH. Argus set a $190.00 target price on shares of DoorDash in a research note on Thursday, June 11th. Truist Financial raised their price target on shares of DoorDash from $330.00 to $336.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp reduced their price objective on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. TD Cowen upped their price objective on shares of DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Moffett Nathanson set a $276.00 price objective on shares of DoorDash in a report on Wednesday, April 15th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $254.09.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is expanding beyond restaurant delivery by enabling customers to order original-equipment vehicle parts through its platform. The initiative could broaden the company’s addressable market and increase order frequency. You Can Now DoorDash OE Car Parts Like Ordering Pizza
• Positive Sentiment: Unusual options activity showed investors purchasing 24,870 DASH call options, more than double the average volume. While not a fundamental catalyst, the activity indicates increased bullish speculation.
• Positive Sentiment: Technical analysis remains favorable: second-quarter revenue rose 36% year over year to $4.45 billion, while the stock reportedly trades above a rising long-term moving average and has attracted institutional buying. DoorDash Is Expected To Deliver Shareholders Profits
• Positive Sentiment: BTIG and Needham reiterated Buy ratings, while another report raised DoorDash’s price target to $260, supporting the bullish analyst view. DoorDash Price Target Raised
• Neutral Sentiment: A profile of DoorDash’s growth highlights continued business momentum but also rising expenses. The combination suggests investors may require evidence that revenue growth can translate into expanding margins. DoorDash Powers Through Growth With Costs Rising Too
• Negative Sentiment: DoorDash’s valuation remains a concern: the stock carries a high earnings multiple, and its latest quarterly EPS slightly missed consensus despite exceeding revenue expectations. This leaves the shares vulnerable if growth or profitability disappoints.
• Negative Sentiment: Several recent reports involving delivery delays, tipping disputes, and alleged driver misconduct could create reputational risk, although these isolated incidents are unlikely to materially affect fundamentals. Houston DoorDash Delivery Complaint

DoorDash Stock Performance

DASH opened at $209.86 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $181.55 and its two-hundred day moving average price is $174.59. The firm has a market capitalization of $91.44 billion, a P/E ratio of 109.87 and a beta of 1.78. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. On average, equities analysts forecast that DoorDash, Inc. will post 2.5 earnings per share for the current year.

DoorDash Company Profile

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.