DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Olympiad Research LP

Olympiad Research LP lessened its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 50.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,488 shares of the company's stock after selling 2,494 shares during the quarter. Olympiad Research LP's holdings in DoorDash were worth $417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DASH. Sequoia Financial Advisors LLC increased its position in DoorDash by 36.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,980 shares of the company's stock valued at $568,000 after buying an additional 1,058 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of DoorDash during the third quarter valued at $1,772,000. IFM Investors Pty Ltd raised its position in shares of DoorDash by 9.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 60,795 shares of the company's stock worth $8,677,000 after purchasing an additional 5,032 shares during the last quarter. Ballentine Partners LLC boosted its stake in DoorDash by 29.8% in the 3rd quarter. Ballentine Partners LLC now owns 2,850 shares of the company's stock worth $407,000 after purchasing an additional 655 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in DoorDash by 14.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,676 shares of the company's stock valued at $10,763,000 after purchasing an additional 9,359 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

DoorDash Stock Performance

NASDAQ DASH traded up $7.33 on Wednesday, reaching $198.60. 4,483,505 shares of the company's stock traded hands, compared to its average volume of 3,478,132. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24. The firm has a market cap of $83.43 billion, a price-to-earnings ratio of 735.56 and a beta of 1.72. The stock has a 50 day moving average price of $183.18 and a 200-day moving average price of $162.29.

Insider Buying and Selling

In related news, insider Keith Yandell sold 8,116 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $1,651,200.20. Following the completion of the transaction, the insider now owns 105,162 shares of the company's stock, valued at approximately $21,395,208.90. This represents a 7.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the transaction, the director now owns 16,176 shares in the company, valued at $2,722,744.32. This trade represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 760,662 shares of company stock valued at $134,448,673 over the last ninety days. Company insiders own 7.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company lifted their price objective on DoorDash from $166.00 to $198.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. Bank of America raised their target price on DoorDash from $205.00 to $245.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Susquehanna lifted their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a "positive" rating in a report on Thursday, February 13th. Truist Financial upped their price objective on DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, Piper Sandler restated a "neutral" rating and set a $210.00 target price (up previously from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $206.52.

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.