Catalyst Private Wealth LLC Sells 4,788 Shares of DoorDash, Inc. $DASH

Catalyst Private Wealth LLC decreased its position in DoorDash, Inc. (NASDAQ:DASH) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,083 shares of the company’s stock after selling 4,788 shares during the period. DoorDash comprises approximately 2.3% of Catalyst Private Wealth LLC’s holdings, making the stock its 11th largest holding. Catalyst Private Wealth LLC’s holdings in DoorDash were worth $5,522,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. JCP Investment Management LLC bought a new position in DoorDash in the first quarter worth $991,000. Plato Investment Management Ltd acquired a new stake in DoorDash during the second quarter worth $1,024,000. Quantinno Capital Management LP increased its holdings in DoorDash by 4.9% in the 1st quarter. Quantinno Capital Management LP now owns 655,095 shares of the company’s stock valued at $98,363,000 after buying an additional 30,881 shares during the period. Monetta Financial Services Inc. bought a new stake in DoorDash in the 2nd quarter valued at $1,015,000. Finally, Empirical Finance LLC bought a new stake in DoorDash in the 2nd quarter valued at $2,644,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling

In related news, Director Andy Fang sold 15,000 shares of DoorDash stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $228.31, for a total value of $3,424,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 55,289 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total transaction of $12,813,778.64. Following the transaction, the chief operating officer owned 930,211 shares in the company, valued at approximately $215,585,701.36. This trade represents a 5.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 392,981 shares of company stock valued at $85,663,015. Insiders own 44.90% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ:DASH traded down $1.15 during trading on Tuesday, reaching $193.09. The stock had a trading volume of 2,172,770 shares, compared to its average volume of 4,616,988. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The business’s 50-day moving average price is $206.43 and its 200 day moving average price is $183.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $83.67 billion, a PE ratio of 101.09 and a beta of 1.90.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was up 35.6% on a year-over-year basis. As a group, equities analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current year.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Expanded Australian retail partnership: BIG W, a major Australian discount retailer, is joining DoorDash’s delivery platform. The agreement broadens DoorDash’s non-restaurant offerings and could increase order frequency and retail-commerce revenue in Australia. Big W joins DoorDash in major shake-up to Australia’s discount retail delivery
• Positive Sentiment: Regional Australian expansion: DoorDash is launching in Geraldton, Kalgoorlie and Horsham as it pushes into additional regional markets. The expansion could support longer-term marketplace scale and increase its addressable customer and merchant base. DoorDash moves to Geraldton, Kalgoorlie & Horsham amid regional push
• Positive Sentiment: SKIMS marketing partnership: Kim Kardashian is promoting on-demand apparel delivery through a SKIMS and DoorDash partnership. The campaign may raise awareness of DoorDash’s broader retail and apparel-delivery capabilities beyond food. Kim Kardashian Endorses On-Demand Apparel Delivery With New Skims x DoorDash Partnership and Ad Spot
• Neutral Sentiment: Growth thesis remains intact: An analysis argues DoorDash has continued growing despite cautious consumer spending, attributing its resilience to scale and marketplace advantages rather than product innovation alone. This supports the long-term narrative but does not provide a new financial forecast. DoorDash Kept Growing Even as Consumers Cut Spending. Its Secret Isn’t Innovation
• Negative Sentiment: Price-target reduction: Cantor Fitzgerald lowered its DoorDash price target from $260 to $240 while maintaining an “overweight” rating. The reduced target signals more cautious near-term expectations, although it still implies meaningful upside from the referenced stock price.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Roth Capital raised their price objective on shares of DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. UBS Group reiterated a “buy” rating and set a $295.00 target price on shares of DoorDash in a research report on Tuesday, September 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of DoorDash in a research note on Thursday, September 3rd. Argus increased their price target on shares of DoorDash from $190.00 to $270.00 in a research report on Thursday, August 27th. Finally, KeyCorp dropped their price target on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock 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.