State of Alaska Department of Revenue Buys 5,925 Shares of DoorDash, Inc. (NASDAQ:DASH)

State of Alaska Department of Revenue increased its stake in DoorDash, Inc. (NASDAQ:DASHFree Report) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,390 shares of the company’s stock after purchasing an additional 5,925 shares during the period. State of Alaska Department of Revenue’s holdings in DoorDash were worth $4,785,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of DASH. Global Retirement Partners LLC grew its stake in DoorDash by 3,072.2% during the fourth quarter. Global Retirement Partners LLC now owns 571 shares of the company’s stock worth $59,000 after buying an additional 553 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of DoorDash by 1,725.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock worth $110,082,000 after acquiring an additional 1,052,198 shares during the period. Pacer Advisors Inc. boosted its position in shares of DoorDash by 1,117.7% during the 4th quarter. Pacer Advisors Inc. now owns 18,375 shares of the company’s stock worth $1,817,000 after acquiring an additional 16,866 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in DoorDash by 55.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 19,866 shares of the company’s stock valued at $1,965,000 after acquiring an additional 7,077 shares during the last quarter. Finally, Raymond James & Associates raised its position in DoorDash by 25.9% during the fourth quarter. Raymond James & Associates now owns 15,805 shares of the company’s stock valued at $1,563,000 after purchasing an additional 3,254 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $138.98, for a total value of $694,900.00. Following the transaction, the chief financial officer now directly owns 391,425 shares of the company’s stock, valued at $54,400,246.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Ravi Inukonda sold 5,000 shares of DoorDash stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $138.98, for a total value of $694,900.00. Following the completion of the sale, the chief financial officer now owns 391,425 shares in the company, valued at approximately $54,400,246.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shona L. Brown sold 700 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $93.54, for a total transaction of $65,478.00. Following the transaction, the director now directly owns 72,214 shares in the company, valued at $6,754,897.56. The disclosure for this sale can be found here. Insiders sold 591,087 shares of company stock valued at $68,153,620 over the last 90 days. Company insiders own 9.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DASH shares. Roth Mkm lifted their price target on DoorDash from $92.00 to $109.00 and gave the company a “neutral” rating in a research note on Friday, January 19th. Mizuho boosted their target price on DoorDash from $140.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. TheStreet upgraded shares of DoorDash from a “d” rating to a “c-” rating in a research note on Friday, December 8th. JMP Securities upped their price objective on shares of DoorDash from $130.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 27th. Finally, Royal Bank of Canada raised shares of DoorDash from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $130.00 to $175.00 in a research note on Monday, March 4th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.82.

Check Out Our Latest Stock Analysis on DoorDash

DoorDash Stock Up 0.4 %

Shares of NASDAQ DASH opened at $138.25 on Tuesday. The company has a market capitalization of $55.85 billion, a PE ratio of -96.68, a P/E/G ratio of 16.14 and a beta of 1.79. DoorDash, Inc. has a twelve month low of $56.59 and a twelve month high of $143.34. The firm has a fifty day simple moving average of $123.21 and a 200 day simple moving average of $101.50.

DoorDash (NASDAQ:DASHGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The business’s revenue was up 26.7% on a year-over-year basis. During the same period last year, the business posted ($0.63) earnings per share. As a group, equities analysts expect that DoorDash, Inc. will post 0.2 earnings per share for the current fiscal year.

About DoorDash

(Free Report)

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.

See Also

Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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