Insider Selling: DoorDash, Inc. (NASDAQ:DASH) CFO Sells 7,000 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CFO Ravi Inukonda sold 7,000 shares of the business's stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $109.30, for a total transaction of $765,100.00. Following the sale, the chief financial officer now directly owns 424,223 shares in the company, valued at $46,367,573.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, May 30th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The shares were sold at an average price of $110.47, for a total value of $773,290.00.
• On Tuesday, April 30th, Ravi Inukonda sold 7,000 shares of DoorDash stock. The stock was sold at an average price of $130.95, for a total transaction of $916,650.00.

DoorDash Trading Down 1.0 %

DASH traded down $1.06 during trading on Tuesday, hitting $107.45. 3,990,363 shares of the company traded hands, compared to its average volume of 3,955,590. The company has a market cap of $43.94 billion, a PE ratio of -99.49, a P/E/G ratio of 27.50 and a beta of 1.67. The stock's 50-day simple moving average is $114.79 and its two-hundred day simple moving average is $117.44. DoorDash, Inc. has a 1 year low of $69.90 and a 1 year high of $143.34.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The business's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.41) earnings per share. Equities analysts expect that DoorDash, Inc. will post 0.11 EPS for the current year.

Hedge Funds Weigh In On DoorDash

A number of institutional investors and hedge funds have recently made changes to their positions in DASH. EverSource Wealth Advisors LLC increased its position in DoorDash by 21.1% during the first quarter. EverSource Wealth Advisors LLC now owns 791 shares of the company's stock valued at $102,000 after acquiring an additional 138 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in DoorDash by 15.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 43,640 shares of the company's stock worth $5,987,000 after purchasing an additional 5,779 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of DoorDash by 5.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 155,345 shares of the company's stock valued at $21,394,000 after buying an additional 7,900 shares during the period. Cetera Advisors LLC boosted its position in shares of DoorDash by 40.8% during the first quarter. Cetera Advisors LLC now owns 3,100 shares of the company's stock valued at $427,000 after buying an additional 898 shares during the period. Finally, PGGM Investments bought a new position in shares of DoorDash during the first quarter valued at approximately $1,901,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DASH. Truist Financial decreased their price objective on DoorDash from $155.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, May 2nd. Wedbush reaffirmed a "neutral" rating and issued a $115.00 price objective on shares of DoorDash in a research note on Thursday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $137.00 price objective on shares of DoorDash in a report on Thursday, May 2nd. JMP Securities decreased their price target on DoorDash from $160.00 to $140.00 and set a "market outperform" rating for the company in a report on Thursday, May 2nd. Finally, Oppenheimer lifted their target price on shares of DoorDash from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, April 29th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $134.79.

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.