Capelight Capital Asset Management LP Takes $1.65 Million Position in DoorDash, Inc. $DASH

Capelight Capital Asset Management LP purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the first quarter, HoldingsChannel.com reports. The firm purchased 11,000 shares of the company’s stock, valued at approximately $1,652,000. DoorDash accounts for 1.2% of Capelight Capital Asset Management LP’s holdings, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of DASH. Brighton Jones LLC increased its position in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares during the period. Integrated Wealth Concepts LLC lifted its position in DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after acquiring an additional 303 shares during the period. Empowered Funds LLC grew its stake in shares of DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after purchasing an additional 285 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of DoorDash by 92.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of DoorDash in the second quarter valued at approximately $222,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DoorDash

In related news, insider Keith Yandell sold 2,643 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the transaction, the insider directly owned 81,106 shares of the company’s stock, valued at $12,599,006.04. This trade represents a 3.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of DoorDash stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $160.79, for a total value of $441,046.97. Following the transaction, the general counsel directly owned 128,216 shares of the company’s stock, valued at approximately $20,615,850.64. This represents a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 42,707 shares of company stock worth $7,113,039. 5.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Guggenheim restated a “buy” rating and set a $255.00 price target on shares of DoorDash in a research note on Tuesday, June 23rd. UBS Group upped their price objective on shares of DoorDash from $206.00 to $214.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Susquehanna reduced their target price on shares of DoorDash from $250.00 to $225.00 and set a “positive” rating for the company in a research note on Friday, May 8th. Piper Sandler reduced their target price on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a report on Monday, June 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.11.

DoorDash Stock Performance

NASDAQ:DASH opened at $192.01 on Friday. The firm’s fifty day simple moving average is $165.79 and its 200-day simple moving average is $180.47. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The stock has a market cap of $83.66 billion, a PE ratio of 91.43 and a beta of 1.78. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. Analysts expect that DoorDash, Inc. will post 2.41 earnings per share for the current fiscal year.

DoorDash Company Profile

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.