Ravi Inukonda Sells 19,095 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASHGet Free Report) CFO Ravi Inukonda sold 19,095 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $188.04, for a total transaction of $3,590,623.80. Following the completion of the sale, the chief financial officer directly owned 252,443 shares of the company’s stock, valued at approximately $47,469,381.72. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Stock Down 0.3%

DASH stock traded down $0.53 during trading on Friday, hitting $191.82. 2,623,368 shares of the company’s stock traded hands, compared to its average volume of 4,943,544. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $83.58 billion, a P/E ratio of 91.34 and a beta of 1.78. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The business has a fifty day simple moving average of $167.31 and a two-hundred day simple moving average of $179.18.

DoorDash (NASDAQ:DASHGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. DoorDash’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. Sell-side analysts anticipate that DoorDash, Inc. will post 2.41 EPS for the current year.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of DASH. MV Capital Management Inc. purchased a new stake in shares of DoorDash in the 4th quarter valued at $26,000. Eastern Bank raised its holdings in shares of DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares during the last quarter. Swiss RE Ltd. acquired a new position in DoorDash during the fourth quarter valued at $28,000. Finally, ST Germain D J Co. Inc. purchased a new stake in DoorDash in the fourth quarter valued at $29,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on DASH shares. Susquehanna cut their price target on shares of DoorDash from $250.00 to $225.00 and set a “positive” rating on the stock in a research note on Friday, May 8th. UBS Group boosted their price objective on shares of DoorDash from $206.00 to $214.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. BTIG Research cut their target price on DoorDash from $280.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Argus set a $190.00 target price on DoorDash in a research note on Thursday, June 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $265.00 target price on shares of DoorDash in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $256.08.

Check Out Our Latest Stock Report on DoorDash

DoorDash Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for DoorDash (NASDAQ:DASH)

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