DoorDash (NASDAQ:DASH) CFO Ravi Inukonda Sells 16,044 Shares

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 16,044 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.55, for a total value of $3,666,856.20. Following the sale, the chief financial officer owned 217,911 shares in the company, valued at approximately $49,803,559.05. The trade was a 6.86% decrease in their position. The sale was disclosed in a filing 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.

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

• 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.
• On Wednesday, July 8th, Ravi Inukonda sold 19,095 shares of DoorDash stock. The shares were sold at an average price of $188.04, for a total transaction of $3,590,623.80.

DoorDash Trading Down 4.6%

DASH opened at $211.73 on Friday. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The company has a market cap of $91.74 billion, a P/E ratio of 110.85 and a beta of 1.79. The company has a fifty day moving average price of $203.81 and a two-hundred day moving average price of $178.55.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. DoorDash’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS. Analysts predict that DoorDash, Inc. will post 2.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DASH. Parkside Financial Bank & Trust lifted its holdings in shares of DoorDash by 978.9% in the second quarter. Parkside Financial Bank & Trust now owns 4,920 shares of the company’s stock valued at $908,000 after purchasing an additional 4,464 shares in the last quarter. Range Advisory LLC grew its holdings in DoorDash by 27.0% during the second quarter. Range Advisory LLC now owns 2,166 shares of the company’s stock worth $400,000 after buying an additional 461 shares in the last quarter. Brown Lisle Cummings Inc. lifted its stake in DoorDash by 8,533.3% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 518 shares of the company’s stock valued at $96,000 after acquiring an additional 512 shares in the last quarter. CYBER HORNET ETFs LLC boosted its holdings in DoorDash by 1,052.5% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 11,836 shares of the company’s stock worth $2,103,000 after acquiring an additional 10,809 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake 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 worth $19,101,838,000 after acquiring an additional 102,904,566 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage of DoorDash with a Buy recommendation, adding potential analyst support after the stock’s strong run over the past year. Rosenblatt initiates coverage of DoorDash with buy recommendation
• Positive Sentiment: DoorDash announced partnerships and business initiatives that could expand order volume and advertising opportunities, including delivery for Natural Grocers, fan experiences with Live Nation, workplace meal programs, and independent ad-measurement validation through Circana. Natural Grocers expands delivery through DoorDash DoorDash partners with Live Nation DoorDash teams with Circana
• Neutral Sentiment: Since its latest earnings report, DASH has gained about 4.1%. Revenue exceeded expectations and rose 35.6% year over year, although earnings per share narrowly missed estimates and declined from the prior-year period. At roughly 111 times earnings, valuation leaves the stock sensitive to execution and growth expectations. DoorDash stock performance since earnings
• Negative Sentiment: Director Stanley Tang sold approximately $7.0 million of shares, reducing his position by nearly 75%. CFO Ravi Inukonda also sold about $3.7 million, cutting ownership by 6.9%. Both transactions were made under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling impact.
• Negative Sentiment: Walmart is expanding restaurant delivery through a Dunkin’ partnership, increasing competition for DoorDash and Uber Eats and potentially putting pressure on delivery volume, merchant relationships, and pricing. Walmart expands restaurant delivery
• Negative Sentiment: Several reports involving driver misconduct, disputes over pay practices, and delivery-related incidents create reputational and operational risks, although these appear isolated and are unlikely to materially affect near-term financial results.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DASH. KeyCorp cut their price target on DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Roth Capital upped their target price on DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Argus set a $190.00 price target on shares of DoorDash in a research report on Thursday, June 11th. Raymond James Financial restated a “buy” rating on shares of DoorDash in a research note on Thursday. Finally, Zacks Research raised shares of DoorDash from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $254.97.

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.