27,593 DoorDash, Inc. $DASH Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 429.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 34,022 shares of the company’s stock after acquiring an additional 27,593 shares during the quarter. Quadrant Capital Group LLC’s holdings in DoorDash were worth $6,245,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. JCP Investment Management LLC purchased a new stake in DoorDash during the 1st quarter worth approximately $991,000. Plato Investment Management Ltd acquired a new stake in shares of DoorDash during the second quarter worth about $1,024,000. Quantinno Capital Management LP lifted its holdings in shares of DoorDash by 4.9% during the first quarter. Quantinno Capital Management LP now owns 655,095 shares of the company’s stock worth $98,363,000 after purchasing an additional 30,881 shares during the period. Godsey & Gibb Inc. boosted its position in DoorDash by 1,510,137.1% in the third quarter. Godsey & Gibb Inc. now owns 528,583 shares of the company’s stock valued at $97,021,000 after buying an additional 528,548 shares during the last quarter. Finally, Monetta Financial Services Inc. purchased a new stake in DoorDash in the second quarter valued at approximately $1,015,000. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Performance

NASDAQ:DASH opened at $191.67 on Wednesday. The firm’s fifty day simple moving average is $204.10 and its 200-day simple moving average is $184.78. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a market cap of $83.05 billion, a PE ratio of 100.35 and a beta of 1.90. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $269.00.

DoorDash (NASDAQ:DASH) last released its quarterly 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 firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The business’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. Analysts expect that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In related news, Director Andy Fang sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total value of $3,424,650.00. The transaction was disclosed in a document filed with the SEC, which is available 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 firm’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 transaction of $12,813,778.64. Following the transaction, the chief operating officer directly owned 930,211 shares of the company’s stock, valued at approximately $215,585,701.36. This trade represents a 5.61% decrease in their ownership of the stock. 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. Over the last ninety days, insiders have sold 393,998 shares of company stock worth $85,861,330. Insiders own 44.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DASH shares. Bank of America restated a “buy” rating on shares of DoorDash in a research report on Thursday, August 6th. Raymond James Financial reaffirmed a “buy” rating on shares of DoorDash in a research report on Thursday, September 3rd. Roth Capital lifted their price objective on DoorDash from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Argus boosted their price objective on DoorDash from $190.00 to $270.00 in a report on Thursday, August 27th. Finally, Wedbush boosted their price objective on DoorDash from $205.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $254.95.

DoorDash Company Profile

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.