DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. reduced its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 54.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,778 shares of the company's stock after selling 4,455 shares during the quarter. Atomi Financial Group Inc.'s holdings in DoorDash were worth $634,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. boosted its position in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock worth $25,000 after purchasing an additional 130 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of DoorDash during the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB raised its position in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after purchasing an additional 69 shares during the last quarter. Hollencrest Capital Management acquired a new stake in DoorDash in the 3rd quarter worth approximately $54,000. Finally, Venturi Wealth Management LLC grew its position in DoorDash by 39.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company's stock worth $61,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

Insider Buying and Selling

In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the sale, the director now directly owns 16,176 shares in the company, valued at approximately $2,722,744.32. This trade represents a 75.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction on Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at approximately $255,375. This represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,019,333 shares of company stock valued at $177,556,541 over the last ninety days. Corporate insiders own 7.92% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DASH. BMO Capital Markets upped their price target on shares of DoorDash from $140.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Citigroup lifted their price target on DoorDash from $155.00 to $211.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Mizuho raised their price objective on DoorDash from $162.00 to $173.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Jefferies Financial Group upped their target price on DoorDash from $155.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Piper Sandler raised their price target on shares of DoorDash from $125.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $176.97.

DoorDash Price Performance

Shares of DASH stock traded up $0.19 during trading on Friday, reaching $183.32. The company's stock had a trading volume of 2,905,655 shares, compared to its average volume of 2,573,250. The company has a market capitalization of $76.15 billion, a price-to-earnings ratio of -407.38, a P/E/G ratio of 1.85 and a beta of 1.71. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $184.26. The stock's 50-day moving average price is $173.85 and its 200 day moving average price is $147.67.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same period in the prior year, the company earned ($0.19) earnings per share. The business's revenue was up 25.0% compared to the same quarter last year. On average, sell-side analysts anticipate that DoorDash, Inc. will post 0.29 EPS for the current fiscal year.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.