TimesSquare Capital Management LLC Sells 91,097 Shares of DoorDash, Inc. (NASDAQ:DASH)

TimesSquare Capital Management LLC decreased its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 20.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 356,568 shares of the company's stock after selling 91,097 shares during the period. TimesSquare Capital Management LLC owned approximately 0.09% of DoorDash worth $59,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its holdings in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock valued at $25,000 after buying an additional 130 shares during the last quarter. Pittenger & Anderson Inc. bought a new stake in DoorDash during the 4th quarter valued at $29,000. Princeton Global Asset Management LLC bought a new stake in DoorDash during the 4th quarter valued at $34,000. ORG Wealth Partners LLC bought a new stake in DoorDash during the 4th quarter valued at $36,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after buying an additional 69 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Andy Fang sold 50,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00. Following the sale, the director now owns 16,176 shares of the company's stock, valued at $2,857,652.16. This trade represents a 75.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tony Xu sold 108,334 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $270,105. This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 812,035 shares of company stock valued at $142,357,630 in the last 90 days. 7.92% of the stock is currently owned by insiders.

DoorDash Stock Down 1.1 %

Shares of NASDAQ DASH traded down $2.31 during trading on Friday, reaching $199.94. 4,096,182 shares of the company traded hands, compared to its average volume of 3,848,726. The firm has a 50 day simple moving average of $182.56 and a 200-day simple moving average of $160.77. The stock has a market capitalization of $83.99 billion, a PE ratio of 740.52 and a beta of 1.72. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Citigroup upped their price target on shares of DoorDash from $211.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Oppenheimer upped their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Roth Mkm upped their price objective on shares of DoorDash from $165.00 to $193.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Evercore ISI upped their price objective on shares of DoorDash from $200.00 to $240.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, KeyCorp upped their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $205.45.

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.