DoorDash (NASDAQ:DASH) CFO Sells $4,303,193.10 in Stock

DoorDash, Inc. (NASDAQ:DASH) CFO Ravi Inukonda sold 19,505 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $220.62, for a total value of $4,303,193.10. Following the completion of the sale, the chief financial officer owned 232,938 shares of the company’s stock, valued at approximately $51,390,781.56. This represents a 7.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 value of $3,590,623.80.

DoorDash Stock Performance

Shares of DASH opened at $231.74 on Tuesday. 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 firm has a market cap of $100.41 billion, a PE ratio of 121.33 and a beta of 1.78. The company’s 50 day simple moving average is $200.29 and its 200-day simple moving average is $177.07. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. As a group, equities analysts predict that DoorDash, Inc. will post 2.45 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DASH. CYBER HORNET ETFs LLC boosted its holdings in DoorDash by 1,052.5% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 11,836 shares of the company’s stock valued at $2,103,000 after purchasing an additional 10,809 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of DoorDash by 16,825.6% during 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 buying an additional 102,904,566 shares in the last quarter. Greenland Capital Management LP purchased a new position in shares of DoorDash during the 2nd quarter worth approximately $246,000. Washington Trust Advisors Inc. lifted its holdings in shares of DoorDash by 81.0% in the 2nd 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. Finally, HB Wealth Management LLC lifted its holdings in shares of DoorDash by 1.9% in the 2nd quarter. HB Wealth Management LLC now owns 7,584 shares of the company’s stock valued at $1,400,000 after buying an additional 145 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DASH has been the topic of a number of research reports. Wedbush raised their price target on DoorDash from $205.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. Rothschild & Co Redburn set a $350.00 price objective on DoorDash in a research note on Tuesday, May 12th. Roth Capital increased their price objective on DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Guggenheim reaffirmed a “buy” rating and set a $255.00 price objective on shares of DoorDash in a research report on Tuesday, June 23rd. Finally, DA Davidson lowered their target price on DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Twenty-three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.53.

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.