DoorDash, Inc. (NASDAQ:DASH) CFO Sells $916,650.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $130.95, for a total value of $916,650.00. Following the transaction, the chief financial officer now directly owns 384,425 shares in the company, valued at approximately $50,340,453.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, March 28th, Ravi Inukonda sold 5,000 shares of DoorDash stock. The shares were sold at an average price of $138.98, for a total transaction of $694,900.00.

DoorDash Stock Performance

DASH opened at $113.81 on Friday. The firm has a market cap of $45.98 billion, a price-to-earnings ratio of -105.38, a PEG ratio of 13.13 and a beta of 1.78. The firm’s 50-day simple moving average is $131.86 and its 200-day simple moving average is $110.13. DoorDash, Inc. has a twelve month low of $60.36 and a twelve month high of $143.34.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the prior year, the firm earned ($0.41) earnings per share. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that DoorDash, Inc. will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently bought and sold shares of DASH. Spire Wealth Management bought a new stake in shares of DoorDash during the first quarter worth $25,000. Fifth Third Bancorp lifted its position in DoorDash by 448.8% during the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after buying an additional 359 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in DoorDash by 54.5% during the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after acquiring an additional 90 shares during the last quarter. Parkside Financial Bank & Trust increased its position in DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after acquiring an additional 307 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of DoorDash by 101.2% in the third quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after acquiring an additional 253 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $137.00 target price on shares of DoorDash in a research note on Thursday. Mizuho raised their price objective on shares of DoorDash from $140.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Moffett Nathanson upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and upped their target price for the company from $118.00 to $164.00 in a research note on Thursday, April 11th. BMO Capital Markets decreased their price target on shares of DoorDash from $138.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Oppenheimer upped their price objective on shares of DoorDash from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.96.

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.