DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP boosted its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,021 shares of the company's stock after buying an additional 4,767 shares during the quarter. DoorDash makes up about 0.6% of Aigen Investment Management LP's investment portfolio, making the stock its 24th biggest holding. Aigen Investment Management LP's holdings in DoorDash were worth $3,359,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DASH. Rakuten Securities Inc. grew its holdings 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 acquiring an additional 130 shares during the last quarter. Pittenger & Anderson Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at $29,000. Denver PWM LLC purchased a new position in DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash during the 4th quarter worth about $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in DoorDash during the fourth quarter valued at about $36,000. Institutional investors own 90.64% of the company's stock.

Insider Transactions at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now directly owns 366,993 shares of the company's stock, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 1,398 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the transaction, the director now directly owns 14,778 shares of the company's stock, valued at approximately $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 576,536 shares of company stock valued at $101,844,949. 7.92% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Piper Sandler reissued a "neutral" rating and issued a $210.00 target price (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Citigroup lifted their price objective on shares of DoorDash from $211.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Mizuho increased their target price on DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Roth Mkm upped their price target on DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, Susquehanna raised their price objective on DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research report on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $206.52.

DoorDash Stock Down 2.4 %

DASH stock opened at $193.41 on Wednesday. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.24. The company has a market cap of $81.25 billion, a PE ratio of 716.33 and a beta of 1.72. The business's 50-day simple moving average is $185.95 and its 200 day simple moving average is $164.72.

DoorDash 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.

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