DoorDash (NASDAQ:DASH) CFO Sells $218,797.38 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 1,017 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $215.14, for a total transaction of $218,797.38. Following the completion of the transaction, the chief financial officer owned 208,412 shares of the company’s stock, valued at approximately $44,837,757.68. This trade represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, December 19th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The stock was sold at an average price of $231.97, for a total transaction of $330,557.25.
• On Monday, October 20th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $263.86, for a total transaction of $376,000.50.

DoorDash Trading Down 2.3%

Shares of DASH stock traded down $4.79 during trading hours on Friday, hitting $205.32. 5,146,355 shares of the company’s stock traded hands, compared to its average volume of 4,150,317. The stock has a market cap of $88.49 billion, a PE ratio of 104.22 and a beta of 1.70. The stock’s 50 day simple moving average is $216.48 and its 200 day simple moving average is $240.64. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. DoorDash, Inc. has a 12 month low of $155.40 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. On average, sell-side analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Ratings Changes

DASH has been the topic of several analyst reports. Benchmark upped their target price on DoorDash from $315.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Argus dropped their price target on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. KeyCorp reaffirmed an “overweight” rating and issued a $280.00 price objective on shares of DoorDash in a research note on Friday, November 21st. Bank of America lowered their target price on shares of DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Finally, Cantor Fitzgerald boosted their target price on shares of DoorDash from $270.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and an average price target of $278.05.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: BNP Paribas upgraded DoorDash to “strong-buy,” signaling institutional optimism about the shares and potentially supporting demand. Read More.
• Positive Sentiment: BNP Paribas Exane initiated coverage of DASH, which can increase analyst attention and liquidity for the stock. Read More.
• Neutral Sentiment: DoorDash published data on big-game food trends, highlighting platform engagement and marketing/consumer demand insights that support revenue visibility around events. Read More.
• Neutral Sentiment: A viral local news story showed police delivering a pizza after a DoorDash driver was arrested; reputationally noteworthy but unlikely to move fundamentals. Read More.
• Negative Sentiment: DoorDash’s Chief Revenue Officer Lee Brown departed after about five months — a sign of executive turnover in a revenue-facing role that can spook investors concerned about sales execution. Read More.
• Negative Sentiment: Insiders sold shares: CFO Ravi Inukonda sold 1,017 shares (SEC Form 4 filing) and a Director sold about $277,900 of stock — modest but visible insider selling that can be read negatively by the market. Read More. Read More.
• Negative Sentiment: New reports and a city lawsuit allege DoorDash and competitors shortchanged delivery workers of roughly $550M in tips — a regulatory/legal risk that could lead to fines, settlements or changes to the business model. Read More.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DASH. Physician Wealth Advisors Inc. increased its stake in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares in the last quarter. Eastern Bank grew its stake in shares of DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Sunbelt Securities Inc. increased its position in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after buying an additional 67 shares in the last quarter. GFG Capital LLC bought a new stake in DoorDash in the 2nd quarter valued at about $30,000. Finally, Morse Asset Management Inc acquired a new position in DoorDash during the 3rd quarter worth approximately $36,000. 90.64% of the stock is owned by 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.