Captrust Financial Advisors Has $1.55 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Captrust Financial Advisors lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,251 shares of the company’s stock after purchasing an additional 1,089 shares during the period. Captrust Financial Advisors’ holdings in DoorDash were worth $1,552,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DASH. Pittenger & Anderson Inc. acquired a new position in shares of DoorDash during the fourth quarter worth approximately $29,000. Denver PWM LLC acquired a new position in shares of DoorDash during the fourth quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash during the fourth quarter worth approximately $34,000. IFP Advisors Inc lifted its position in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the sale, the director now directly owns 14,778 shares in the company, valued at approximately $3,006,584.10. The trade was a 8.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Prabir Adarkar sold 20,161 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $4,101,755.45. Following the completion of the sale, the chief operating officer now owns 905,061 shares in the company, valued at $184,134,660.45. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,573 shares of company stock worth $30,407,073. Insiders own 7.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DASH. UBS Group reduced their target price on shares of DoorDash from $197.00 to $196.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Piper Sandler reaffirmed a “neutral” rating and issued a $210.00 price objective (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Susquehanna raised their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research note on Thursday, February 13th. Wedbush reaffirmed an “outperform” rating on shares of DoorDash in a research note on Wednesday, May 7th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $210.00 price objective on shares of DoorDash in a research note on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $209.97.

DoorDash Stock Up 3.0%

Shares of NASDAQ:DASH opened at $197.80 on Wednesday. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The company’s fifty day simple moving average is $184.91 and its 200 day simple moving average is $181.41. The firm has a market cap of $83.09 billion, a price-to-earnings ratio of 732.59 and a beta of 1.68.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business posted ($0.06) earnings per share. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. Research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.