DoorDash (NASDAQ:DASH) CFO Sells $198,315.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 1,017 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $195.00, for a total transaction of $198,315.00. Following the transaction, the chief financial officer owned 217,911 shares in the company, valued at approximately $42,492,645. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Ravi Inukonda sold 16,044 shares of DoorDash stock. The stock was sold at an average price of $228.55, for a total value of $3,666,856.20.
• On Thursday, August 20th, Ravi Inukonda sold 19,505 shares of DoorDash stock. The stock was sold at an average price of $220.62, for a total value of $4,303,193.10.

DoorDash Stock Performance

Shares of NASDAQ:DASH traded down $9.08 during midday trading on Wednesday, reaching $184.01. The company’s stock had a trading volume of 3,921,847 shares, compared to its average volume of 4,613,459. The firm has a market capitalization of $79.73 billion, a PE ratio of 96.34 and a beta of 1.90. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50. The stock has a fifty day moving average of $206.24 and a 200 day moving average of $183.34. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 35.6% compared to the same quarter last year. On average, equities analysts expect that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DASH. Washington Trust Advisors Inc. increased its position in shares of DoorDash by 81.0% during the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after buying an additional 64 shares during the period. Premier Path Wealth Partners LLC boosted its position in shares of DoorDash by 2.7% in the second quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock valued at $465,000 after acquiring an additional 67 shares during the period. V Square Quantitative Management LLC boosted its position in shares of DoorDash by 3.3% in the first quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company’s stock valued at $349,000 after acquiring an additional 74 shares during the period. Rehmann Capital Advisory Group boosted its position in shares of DoorDash by 8.0% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,107 shares of the company’s stock valued at $251,000 after acquiring an additional 82 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in DoorDash by 14.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 850 shares of the company’s stock worth $157,000 after acquiring an additional 105 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Investors purchased 35,208 DASH call options, 256% above typical volume. The activity may reflect increased bullish interest, though options positioning is speculative and does not guarantee future gains.
• Positive Sentiment: DoorDash expanded its Australian retail footprint through a partnership with Big W, giving shoppers access to another major discount retailer and supporting growth in fast-delivery demand. Big W joins DoorDash in major shake-up to Australia’s discount retail delivery
• Positive Sentiment: The company is expanding into Geraldton, Kalgoorlie and Horsham, extending its regional Australian presence and potentially increasing order density and merchant reach. DoorDash Moves To Geraldton, Kalgoorlie & Horsham Amid Regional Push
• Positive Sentiment: A new SKIMS x DoorDash campaign, including Kim Kardashian promotion and on-demand apparel delivery, could improve brand awareness and demonstrate DoorDash’s expansion beyond restaurant delivery. Kim Kardashian Endorses On-Demand Apparel Delivery With New Skims x DoorDash Partnership and Ad Spot
• Neutral Sentiment: DoorDash highlighted its top U.S. pizzerias, providing merchant visibility but little direct financial information for investors. DoorDash names its top pizzerias in US
• Negative Sentiment: A report about a DoorDash worker involved in a road-rage attack could create isolated safety or reputational concerns, but there is no indication of a material financial impact. DoorDash worker speaks out after road rage attack

Analyst Ratings Changes

DASH has been the subject of several research reports. JPMorgan Chase & Co. upped their price objective on shares of DoorDash from $250.00 to $262.00 in a research note on Wednesday, August 5th. Piper Sandler reiterated a “neutral” rating and issued a $220.00 price objective (up from $205.00) on shares of DoorDash in a research report on Thursday, August 6th. Jefferies Financial Group lifted their target price on DoorDash from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Roth Capital upped their price target on DoorDash from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, UBS Group reaffirmed a “buy” rating and set a $295.00 target price on shares of DoorDash in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $254.95.

DoorDash Company Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.