Ravi Inukonda Sells 15,198 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 15,198 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the sale, the chief financial officer now directly owns 351,970 shares of the company's stock, valued at $71,840,596.70. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, January 24th, Ravi Inukonda sold 1,425 shares of DoorDash stock. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00.
• On Monday, December 30th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The shares were sold at an average price of $169.32, for a total transaction of $1,185,240.00.
• On Friday, November 29th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The stock was sold at an average price of $179.76, for a total value of $1,258,320.00.

DoorDash Price Performance

DASH traded up $7.33 during trading on Wednesday, reaching $198.60. 4,483,930 shares of the company's stock were exchanged, compared to its average volume of 3,478,165. The company's fifty day simple moving average is $183.18 and its 200-day simple moving average is $162.29. The stock has a market capitalization of $83.43 billion, a P/E ratio of 735.56 and a beta of 1.72. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rakuten Securities Inc. grew its position in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock worth $25,000 after purchasing an additional 130 shares during the period. Pittenger & Anderson Inc. purchased a new stake in shares of DoorDash in the fourth quarter worth about $29,000. Denver PWM LLC acquired a new stake in DoorDash during the fourth quarter worth about $30,000. Princeton Global Asset Management LLC purchased a new position in DoorDash during the fourth quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC acquired a new position in DoorDash in the fourth quarter valued at approximately $36,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on DASH. Wedbush increased their price target on DoorDash from $160.00 to $210.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. DA Davidson raised their target price on shares of DoorDash from $119.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. KeyCorp increased their price objective on shares of DoorDash from $180.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Wolfe Research boosted their price objective on shares of DoorDash from $210.00 to $220.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, Cantor Fitzgerald increased their target price on DoorDash from $200.00 to $230.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $206.52.

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.