DoorDash, Inc. (NASDAQ:DASH) CFO Sells $916,650.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $130.95, for a total value of $916,650.00. Following the sale, the chief financial officer now directly owns 384,425 shares in the company, valued at approximately $50,340,453.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, March 28th, Ravi Inukonda sold 5,000 shares of DoorDash stock. The stock was sold at an average price of $138.98, for a total value of $694,900.00.

DoorDash Trading Down 10.3 %

NASDAQ DASH traded down $13.15 during midday trading on Thursday, hitting $114.31. The company had a trading volume of 22,133,461 shares, compared to its average volume of 3,878,332. The company has a market capitalization of $46.18 billion, a PE ratio of -78.87, a P/E/G ratio of 14.38 and a beta of 1.78. The firm has a 50-day moving average price of $132.16 and a 200-day moving average price of $109.84. DoorDash, Inc. has a twelve month low of $60.36 and a twelve month high of $143.34.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the business earned ($0.41) EPS. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, equities analysts anticipate that DoorDash, Inc. will post 0.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DASH. Royal Bank of Canada decreased their price objective on DoorDash from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday. Truist Financial decreased their price target on DoorDash from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday. Benchmark decreased their price target on DoorDash from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. raised their price target on DoorDash from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, BMO Capital Markets decreased their price target on DoorDash from $138.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $129.40.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DASH. Vanguard Group Inc. grew its holdings in shares of DoorDash by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after acquiring an additional 2,259,976 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of DoorDash by 6.4% in the fourth quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock valued at $1,263,381,000 after acquiring an additional 772,977 shares in the last quarter. Capital World Investors grew its holdings in shares of DoorDash by 0.6% in the fourth quarter. Capital World Investors now owns 9,395,743 shares of the company’s stock valued at $929,145,000 after acquiring an additional 60,033 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of DoorDash by 45.6% in the fourth quarter. First Trust Advisors LP now owns 3,079,083 shares of the company’s stock valued at $304,490,000 after acquiring an additional 964,860 shares in the last quarter. Finally, Norges Bank bought a new position in shares of DoorDash in the fourth quarter valued at approximately $264,806,000. 90.64% of the stock is owned by institutional investors and hedge funds.

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.