Rep. Josh Gottheimer Buys DoorDash, Inc. (NASDAQ:DASH) Shares

Representative Josh Gottheimer (D-New Jersey) recently bought shares of DoorDash, Inc. NASDAQ: DASH. In a filing disclosed on April 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in DoorDash stock on March 13th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 3/24/2025.
• Sold $1,001 - $15,000 in shares of Spotify Technology NYSE: SPOT on 3/24/2025.
• Sold $1,001 - $15,000 in shares of Flywire NASDAQ: FLYW on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Diageo NYSE: DEO on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Shopify NYSE: SHOP on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk NYSE: TLK on 3/19/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Tandem Diabetes Care NASDAQ: TNDM on 3/19/2025.

DoorDash Stock Up 1.0 %

DASH traded up $1.85 during mid-day trading on Friday, reaching $181.24. 2,495,257 shares of the company traded hands, compared to its average volume of 4,255,398. The company's fifty day moving average price is $188.90 and its 200-day moving average price is $176.44. The stock has a market capitalization of $76.14 billion, a P/E ratio of 671.26 and a beta of 1.69. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25.

Analysts Set New Price Targets

Several research firms have commented on DASH. Cantor Fitzgerald lowered their price objective on shares of DoorDash from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday. Mizuho boosted their price objective on DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Roth Mkm boosted their target price on DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Argus upgraded DoorDash from a "hold" rating to a "buy" rating in a research report on Friday, December 20th. Finally, Benchmark lifted their price objective on shares of DoorDash from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, DoorDash currently has a consensus rating of "Moderate Buy" and an average target price of $208.88.

Insider Activity

In other DoorDash news, General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the transaction, the general counsel now directly owns 122,135 shares of the company's stock, valued at $24,848,365.75. The trade was a 9.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the sale, the director now owns 18,285 shares of the company's stock, valued at approximately $3,313,424.85. The trade was a 71.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 158,511 shares of company stock worth $30,308,544. Corporate insiders own 7.92% of the company's stock.

Hedge Funds Weigh In On DoorDash

Several institutional investors and hedge funds have recently modified their holdings of DASH. Vanguard Group Inc. grew its holdings in DoorDash by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock valued at $5,254,501,000 after buying an additional 317,502 shares in the last quarter. Capital World Investors raised its stake in DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after purchasing an additional 2,538,160 shares in the last quarter. Franklin Resources Inc. boosted its holdings in DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after purchasing an additional 949,414 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after purchasing an additional 1,869,866 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of DoorDash by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock worth $763,198,000 after purchasing an additional 86,667 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About DoorDash

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.