DoorDash, Inc. (NASDAQ:DASH – Get Free Report) CFO Ravi Inukonda sold 19,505 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $220.62, for a total transaction of $4,303,193.10. Following the completion of the sale, the chief financial officer owned 232,938 shares in the company, valued at approximately $51,390,781.56. This trade represents a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Ravi Inukonda also recently made the following trade(s):
- On Wednesday, July 8th, Ravi Inukonda sold 19,095 shares of DoorDash stock. The stock was sold at an average price of $188.04, for a total value of $3,590,623.80.
DoorDash Trading Up 2.1%
Shares of NASDAQ DASH opened at $236.74 on Friday. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The business’s 50 day moving average is $199.10 and its two-hundred day moving average is $176.81. The stock has a market capitalization of $102.58 billion, a P/E ratio of 123.95 and a beta of 1.78.
DoorDash News Summary
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash said workplace meal expectations are rising, suggesting potential growth in business and group-order demand. The survey is supportive of engagement but does not provide specific revenue or earnings guidance. Workplace meal expectations are rising
- Positive Sentiment: The company recently added Kohl’s, Barnes & Noble and Carter’s to its retail marketplace, expanding access to about 500,000 products ahead of back-to-school season. The move supports DoorDash’s diversification beyond restaurants and could increase order frequency and marketplace volume. DoorDash expands back-to-school delivery
- Neutral Sentiment: DoorDash’s seasonal data showed pecan orders increased 28% as restaurants introduced fall menus earlier. The report highlights consumer activity and marketing reach, but is not material financial guidance. DoorDash fall flavor data
- Negative Sentiment: COO Prabir Adarkar sold 55,289 shares worth approximately $12.8 million, following additional executive stock sales by the general counsel and other insiders. The transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal, but the volume may nevertheless weigh on investor sentiment. DoorDash insider stock sales
- Negative Sentiment: A Texas man sued DoorDash over a crash that he says caused a traumatic brain injury. The allegations create potential legal costs and reputational risk, although the report does not establish liability or quantify financial exposure. Texas man sues DoorDash after crash
- Negative Sentiment: Separate reports involving a DoorDash driver delivering food unclothed and a driver’s death in a vehicle-dragging incident could harm brand perception and raise questions about platform safety and contractor oversight. These appear isolated and their direct financial impact is unclear. Naked DoorDash driver incident
Wall Street Analyst Weigh In
DASH has been the topic of a number of recent analyst reports. Barclays lowered DoorDash from an “equal weight” rating to a “strong sell” rating in a research note on Monday, August 24th. Roth Capital lifted their price objective on shares of DoorDash from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, August 10th. TD Cowen upped their target price on shares of DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. BTIG Research reaffirmed a “buy” rating and set a $225.00 target price on shares of DoorDash in a research report on Thursday, August 6th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a research note on Monday, August 24th. Twenty-three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $254.53.
Check Out Our Latest Research Report on DASH
Hedge Funds Weigh In On DoorDash
Institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System increased its holdings in shares of DoorDash by 16,825.6% in the 2nd quarter. California State Teachers Retirement System now owns 103,516,163 shares of the company’s stock valued at $19,101,838,000 after acquiring an additional 102,904,566 shares during the period. Norges Bank bought a new position in DoorDash in the fourth quarter worth about $1,093,650,000. Wellington Management Group LLP lifted its position in shares of DoorDash by 593.1% during the fourth 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 during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of DoorDash by 32.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock valued at $3,161,234,000 after buying an additional 3,447,754 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of DoorDash by 40.2% in the 1st 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. 90.64% of the stock is owned by hedge funds and other institutional investors.
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.
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