DoorDash, Inc. $DASH Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its position in DoorDash, Inc. (NASDAQ:DASH) by 375.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 176,231 shares of the company’s stock after purchasing an additional 139,152 shares during the period. State of Alaska Department of Revenue’s holdings in DoorDash were worth $32,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MV Capital Management Inc. purchased a new stake in shares of DoorDash in the 4th quarter valued at about $26,000. Washington Trust Advisors Inc. increased its position in shares of DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after purchasing an additional 64 shares during the last quarter. CENTRAL TRUST Co raised its holdings in shares of DoorDash by 269.4% during the 1st quarter. CENTRAL TRUST Co now owns 266 shares of the company’s stock valued at $40,000 after buying an additional 194 shares in the last quarter. Ascentis Independent Advisors purchased a new position in shares of DoorDash during the 1st quarter valued at about $55,000. Finally, University of Texas Texas AM Investment Management Co. raised its holdings in shares of DoorDash by 60.3% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 287 shares of the company’s stock valued at $65,000 after buying an additional 108 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is partnering with Woolworths Group to add BIG W to its Australian marketplace, offering more than 35,000 everyday products with delivery potentially within 60 minutes. The agreement broadens DoorDash’s retail assortment and could increase order frequency beyond restaurants. BIG W Lands on DoorDash App
• Positive Sentiment: DoorDash launched an on-demand apparel delivery partnership with SKIMS, supported by marketing involving Kim Kardashian. The collaboration may raise awareness of DoorDash’s broader commerce and delivery capabilities. SKIMS and DoorDash Partnership
• Positive Sentiment: Investors purchased 35,208 DASH call options, roughly 256% above typical daily call volume. The activity suggests increased speculative interest and potentially bullish positioning, although options volume alone does not guarantee sustained buying.
• Neutral Sentiment: DoorDash continues to highlight local merchants and delivery workers through restaurant rankings and regional stories, but these items are unlikely to materially affect near-term valuation.
• Negative Sentiment: CFO Ravi Inukonda sold 1,017 shares for approximately $198,315. The transaction represented only a 0.46% reduction in his holdings and was executed under a pre-arranged Rule 10b5-1 plan, limiting its significance as a bearish signal. DoorDash CFO Stock Sale
• Negative Sentiment: A woman reportedly sued DoorDash, alleging that a delivery driver assaulted her following a vodka delivery. The claim could create legal, reputational, and safety-related costs, although the allegations remain unresolved. Woman Sues DoorDash Over Alleged Assault

Insiders Place Their Bets

In other DoorDash news, COO Prabir Adarkar sold 55,289 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total value of $12,813,778.64. Following the completion of the sale, the chief operating officer owned 930,211 shares in the company, valued at approximately $215,585,701.36. The trade was a 5.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total value of $3,424,650.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 393,998 shares of company stock worth $85,861,330. 44.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Roth Capital upped their target price on DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Scotiabank started coverage on shares of DoorDash in a research report on Wednesday, September 9th. They set a “sector outperform” rating and a $275.00 price target on the stock. Wedbush lifted their price target on shares of DoorDash from $205.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. TD Cowen boosted their price objective on shares of DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price objective on shares of DoorDash in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $254.95.

DoorDash Trading Up 3.6%

Shares of DASH traded up $6.56 during trading hours on Thursday, hitting $190.57. The company had a trading volume of 1,324,212 shares, compared to its average volume of 4,596,502. The firm has a market cap of $82.57 billion, a P/E ratio of 99.74 and a beta of 1.90. The stock’s 50 day moving average price is $205.78 and its 200 day moving average price is $183.57. 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, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50.

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

About DoorDash

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.