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

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Monday, October 20th. The stock was sold at an average price of $263.86, for a total value of $376,000.50. Following the sale, the chief financial officer owned 214,147 shares in the company, valued at $56,504,827.42. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 value of $379,278.00.
• On Tuesday, August 26th, Ravi Inukonda sold 13,891 shares of DoorDash stock. The stock was sold at an average price of $247.22, for a total value of $3,434,133.02.
• On Friday, July 25th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The stock was sold at an average price of $244.78, for a total value of $348,811.50.

DoorDash Stock Performance

Shares of DoorDash stock opened at $254.59 on Friday. The business’s fifty day simple moving average is $259.55 and its 200 day simple moving average is $231.93. The firm has a market capitalization of $108.76 billion, a P/E ratio of 141.44 and a beta of 1.71. DoorDash, Inc. has a 12 month low of $151.26 and a 12 month high of $285.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.DoorDash’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period last year, the company posted ($0.38) earnings per share. As a group, analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Hedge Funds Weigh In On DoorDash

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gilbert & Cook Inc. grew its position in DoorDash by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after buying an additional 42 shares in the last quarter. Perigon Wealth Management LLC grew its position in DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after buying an additional 46 shares in the last quarter. Advisory Resource Group grew its position in DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after buying an additional 48 shares in the last quarter. Quotient Wealth Partners LLC grew its position in DoorDash by 3.2% during the third quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock worth $418,000 after buying an additional 48 shares in the last quarter. Finally, Hobart Private Capital LLC grew its position in DoorDash by 2.4% during the third quarter. Hobart Private Capital LLC now owns 2,164 shares of the company’s stock worth $589,000 after buying an additional 50 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on DASH shares. JMP Securities boosted their target price on DoorDash from $250.00 to $335.00 and gave the company a “market outperform” rating in a research note on Thursday, August 7th. BTIG Research restated a “buy” rating and issued a $315.00 target price on shares of DoorDash in a research note on Monday. Cantor Fitzgerald restated an “overweight” rating and issued a $330.00 target price on shares of DoorDash in a research note on Wednesday, September 17th. Royal Bank Of Canada boosted their target price on DoorDash from $230.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Stifel Nicolaus boosted their target price on DoorDash from $214.00 to $239.00 and gave the company a “hold” rating in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $285.68.

DoorDash Company Profile

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.